Resilient supply chain
Adapt to the new global reality by enhancing supply chain risk management, stress testing supply chain resilience, and improving agility.
Managing risk and boosting resilience across the supply chain has never been more important.
In the new global reality, Chief Supply Chain Officers need supply chains that don’t just minimize day-to-day risk, but can also absorb, adapt to, and recover from catastrophic disruption whenever and wherever it strikes.
This means being proactive about risk and developing a resilience DNA throughout the supply chain.
"The COVID-19 pandemic exposed considerable weaknesses, resulting in severe disruptions, in supply chains around the globe, shedding light on the need for intelligent supply chains that prioritize transparency, anticipate new disruptions and enable faster decision-making."
Intelligent and resilient supply chains are:
Risk-aware and able to sense major disruption—and respond quickly.
Purposefully safer, able to keep people and products healthy and secure.
Unfailingly visible to customers across all products and channels.
Flexible and decisive in response to changing supply and demand patterns.
Able to leverage data science to react to disruption quickly and confidently.
As cost-efficient as possible throughout the supply chain network.
Supply chain resilience is about managing and adapting to the unknown across the whole spectrum of risk—from day-to-day operational risks through to catastrophic supply chain disruption.
Respond to sudden supply chain changes with improved real-time visibility and risk identification and mitigation solutions.
Adapt to evolving supply/demand with scenario planning and modeling, plus risk/opportunity analysis, as part of sales and operations planning.
Manage uncertainty by boosting flexibility and capacity through network modeling and simulation, strategic buffer sizing, and multi-sourcing options.
Enhance your ability to adapt to and recover from major disruption by identifying points of potential failure through a Resilience Stress Test.
Accenture and the Massachusetts Institute of Technology (MIT) have developed a supply chain resilience stress test for assessing the operational and financial risks created by disasters or other catastrophic events.
Inspired by the financial services stress tests that became compulsory after the 2008 financial crisis, this initiative aims to create a global standard for the data-driven strategic assessment of supply chain resilience.
Leveraging Accenture’s extensive expertise in supply chain, operations and analytics, and MIT’s leading research and capabilities in data science, the stress test will quantify supply chain resilience in a single index.
Organizations will be able to quickly identify potential points of supply chain failure, assess their related financial exposure, define appropriate mitigation strategies and actions, and benchmark resilience against their peers.
Working with Rolls-Royce, as part of the VentilatorChallengeUK Consortium, to produce medical ventilators urgently for the UK’s health service.
Accenture recommends that companies address 7 key priorities while re-purposing their supply chain through resilience from coronavirus.