article thumbnail

Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

Resilience refers to the ability of a supply chain to withstand and recover from disruptions, while agility refers to its ability to respond quickly and effectively to changing circumstances. These changes can be caused by factors such as natural disasters, political unrest, trade disputes, or disruptions in transportation networks.

article thumbnail

Supply Chain Resilience Core Capacities

MIT Supply Chain

For example, the 2010 Eyjafjallajökull volcano eruption in Iceland caused a primary loss of freight transportation capacity, but that loss also robbed many companies of supply capacity. In the matrix, this is referred to as a secondary impact. Transportation: Availability of mode, route, labor, and equipment.

article thumbnail

Mind Map for Order Management 2.0

Supply Chain Movement

Supply chains are becoming more complex with frequent adaptations, whether temporary or permanent, and increasingly with logistics outsourcing and calls for integrated transport management. Velocity’ refers to faster front/ back-office processes, physical execution and financial processes. Guadeloupe. Guinea-bissau. Isle of Man.