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Open Access Journal Article

Supply Chain Resilience and Risk Mitigation Strategies

by James Thomas 1,*
1
James Thomas
*
Author to whom correspondence should be addressed.
ORS  2023 5(2):43; https://doi.org/10.69610/j.ors.20231019
Received: 25 August 2023 / Accepted: 21 September 2023 / Published Online: 19 October 2023
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Abstract

This paper explores the concept of supply chain resilience and the strategies employed to mitigate associated risks. The analysis begins by defining supply chain resilience as the ability of a supply chain to absorb and recover from disruptions. It then delves into the various types of risks that can affect supply chains, such as natural disasters, supplier failures, and market fluctuations. The paper examines the importance of understanding these risks to develop effective mitigation strategies. It further discusses several key strategies that organizations can implement to enhance supply chain resilience, including diversification of suppliers, building inventory buffers, adopting flexible production processes, and leveraging technology for better risk assessment and response. The study concludes by highlighting the need for continuous monitoring and improvement in supply chain resilience to ensure long-term sustainability and competitiveness.

Keywords: Supply Chain Resilience; Risk Mitigation Strategies; Disruptions; Supply Chain Risk Management; Continuous Improvement.;
Copyright: © 2023 by Thomas. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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APA Style
Thomas, J. (2023). Supply Chain Resilience and Risk Mitigation Strategies. Operations Research and Statistics, 5(2), 43. doi:10.69610/j.ors.20231019
ACS Style
Thomas, J. Supply Chain Resilience and Risk Mitigation Strategies. Operations Research and Statistics, 2023, 5, 43. doi:10.69610/j.ors.20231019
AMA Style
Thomas J. Supply Chain Resilience and Risk Mitigation Strategies. Operations Research and Statistics; 2023, 5(2):43. doi:10.69610/j.ors.20231019
Chicago/Turabian Style
Thomas, James 2023. "Supply Chain Resilience and Risk Mitigation Strategies" Operations Research and Statistics 5, no.2:43. doi:10.69610/j.ors.20231019

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ACS Style
Thomas, J. Supply Chain Resilience and Risk Mitigation Strategies. Operations Research and Statistics, 2023, 5, 43. doi:10.69610/j.ors.20231019
AMA Style
Thomas J. Supply Chain Resilience and Risk Mitigation Strategies. Operations Research and Statistics; 2023, 5(2):43. doi:10.69610/j.ors.20231019
Chicago/Turabian Style
Thomas, James 2023. "Supply Chain Resilience and Risk Mitigation Strategies" Operations Research and Statistics 5, no.2:43. doi:10.69610/j.ors.20231019
APA style
Thomas, J. (2023). Supply Chain Resilience and Risk Mitigation Strategies. Operations Research and Statistics, 5(2), 43. doi:10.69610/j.ors.20231019

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