Supply chains have become longer and more complex, while the severity and frequency of supply chain disruptions seem to be increasing. Natural disasters and extreme weather conditions are not the only threats to supply chains. Systemic vulnerabilities, such as oil dependence and information fragmentation, also pose serious risks, as do political unrest, cybercrime, and the rising cost of insurance and trade finance. There are worldwide steps that industry groups and government can take together to make supply chains more resilient, such as institutionalizing a risk assessment process within a broad-based, neutral international body, or expanding the use of data-sharing platforms for risk identification and response. ...
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