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WASHINGTON (Reuters) -U.S. President Joe Biden on Friday issued an executive order formalizing a White House council on supply chain resilience and mandating a comprehensive report by the end of ...
In February 2022, Peter S. Goodman, writing in The New York Times, argued that returning to the pre-COVID-19-pandemic global supply chain was seen as "unlikely" in 2022. [21] India, the United States, and Brazil are hardest hit in the supply chain with significant shortages of many different product categories.
For a long time, the interpretation of resilience in the sense of engineering resilience prevailed in supply chain management. [1] It is implied here that supply chain is a closed system that can be controlled, similar to a system designed and planned by engineers (e.g. subway network). [5]
Supply chain resilience is "the capacity of a supply chain to persist, adapt, or transform in the face of change". [41] For a long time, the interpretation of resilience in the sense of engineering resilience (or robustness) [42] prevailed in supply chain management, leading to the notion of persistence. [41]
The Pharmaceutical Supply Chain Defense and Enhancement Act was first introduced in 2020, not long after the start of the COVID-19 pandemic. The bill was… Warren, Smith reintroduce bill to ...
An important element of SCM is supply chain resilience, defined as "the capacity of a supply chain to persist, adapt, or transform in the face of change". [56] For a long time, the interpretation of resilience in the sense of engineering resilience (= robustness [57]) prevailed in supply chain management, leading to the notion of persistence. [56]
Transparency in the supply chain influences how consumers view and support companies, so improving data driven sustainability efforts can positively affect supply chain business. A company’s negative impact on environmental or social areas may show in their stock market value, exposing their true values to investors.
Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
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