This content was originally published on The Resilience Shift website. The Resilience Shift, a 5-year programme supported by Lloyd’s Register Foundation and hosted by Arup, transitioned at the end of 2021 to become Resilience Rising. You can read more about The Resilience Shift’s journey and the transition to Resilience Rising here.
Our world is increasingly interconnected and relies on complex networks to support modern economies and societies. The reliability and resilience of these networks and interdependencies is crucial for business operations, but can be threatened by unpredictable disruptions such as extreme weather, climate change, economic crises, cyber threats, terrorism or global pandemics such as COVID-19.
Risk-management can mitigate the risk from these threats but it is no longer enough as it relies on anticipating known and predictable threats. However, by injecting resilience concepts and methods into mainstream value chain analysis we can build a more robust method for determining the resilience of networks and systems. This paper argues the case for this new approach: value chain resilience.
Read more: supply chains