supply chain stability

Language: en

📖 Definitions

  1. The state of reliability and continuity in the network of organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials to the delivery of the finished product to the consumer. It implies resistance to disruptions such as geopolitical conflicts, natural disasters, or logistical bottlenecks.; A strategic business objective focused on ensuring that production processes are not interrupted by external shocks, often achieved through diversification of suppliers, inventory buffering, and robust logistics planning.

💬 Examples

  1. Simultaneously, Brent crude climbed to $109, reflecting heightened anxiety among global investors regarding supply chain stability.

  2. The company invested heavily in local sourcing to improve supply chain stability during the pandemic.