Resilient Supply Chain

Resilient Supply Chain Introduction In the recent years some disasters and catastrophic events such as hurricane Mitch, tsunamis, SARS, terrorist attacks and earthquakes apply shown that we live in world with increasing uncertainty. These events can cause major disruptions in the bring chain. Although similar events have occurred, since the terrorist attacks of September 11 of 2001 the firms began to evaluate the benefits of commonly accepted strategies for sourcing, transportation, demand, planning and managements in a fixed environment (Martha and Subbakrisha 2003). In a competitive environment more an(prenominal) firms have developed global go forth chains which be complex to manage and vulnerable to disruptions. The literature has documented many cases of what can possible go wrong in this supply chains due to unexpected events and what can we learn. For example, Ericsson lost four hundred millions euros and the dominant position in the mobile ph i market because the managers misestimated the consequences of a fire suffer by their semiconductor providers plant in Albuquerque (Chopra & Sodhi (2004, Rice and Caniato (2003). Norman and Jansson (2004) surveil up this case and show how Ericsson implemented proactive supply risk management.

Supply chain disruptions can potential agree facilities, equipment and human resources and the value of stock market shargons. Consequently, some studies have quantified the repercussions both in the short and the long run of disruptions in the supply chain. For example, Rice and Caniato (2003) present the results from a company batch that estimates a $50 million to $100 million apostrophize impact for each day its supply network was disrupted. Hendricks and Singhal (2005) try the stock market reaction when firms publicly announce they are experiencing disruption during 19892000. On a ingest of 827 the authors find that one year before through two years by and by the disruption announcement date, the mean abnormal return of their sample firms... If you want to get a full essay, order it on our website: Ordercustompaper.com

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