Supply Chain Resiliency

Businesses are increasingly becoming more reliant on third parties for critical products and services. The factors are multi-fold : increased customer demand, time criticality, stringent service levels, evolving regulatory landscapes, technological advancements, mergers and acquisitions, diversification of risks, etc. With increasing dependencies on third parties, organizations become susceptible to major service disruptions owing to lack of supplier resilience; thus, running into risks such as loss of revenues, regulatory breaches, service level misses and eventually, loss of customer confidence. Supply Chain Resiliency is the key to sustained business model and must be integrated within the resilience or business continuity framework of organizations. This session will reflect upon a few key trends, levers, risks, regulatory requirements and overview of building third party business continuity assessment process.