Embracing Change: From Risk to Resilience

Abstract

In an interconnected, volatile, global economy, supply chains are increasingly vulnerable, and disruptions can substantially affect shareholder value. Sudden disasters or even minor shipment delays can cause significant financial losses. Existing methods for coping with supply chain risks are based the notion of stability as the "normal" state of affairs, and disruptive events such as explosions or floods represent unwanted deviations from the norm. Accordingly, enterprise risk management, business continuity management, and related business practices are intended to avoid supply chain disruptions and to recover normal operations as quickly as possible.

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Document Details

Document Type
Technical Report
Publication Date
Jul 09, 2014
Accession Number
AD1015282

Entities

People

  • Joseph Fiksel
  • Keely Croxton
  • Mikaella Polyviou
  • Timothy J. Pettit

Organizations

  • United States Air Force Academy

Tags

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Continuity
  • Disasters
  • Explosions
  • Resilience
  • Risk
  • Risk Management
  • Supply Chain
  • Supply Chain Management

Readers

  • Economics