Supply chain organizational resilience

The need for out-of-the-box thinking in supply chains and other elements of a business is vital. Those who regularly examine and reassess their organizational culture and structures, with an innovative eye, will build resilience and remain hyper-vigilant in keeping business functions healthy.

As an example of “out-of-the-box” thinking, organizations that have taken diversity seriously over the years have placed themselves at an advantage to their competitors. They are ones that took the time to actively create diverse candidate pipelines from schools, neighborhoods and parts of the world that they hadn’t engaged with before, built a deeper understanding of those candidate pools, and executed appropriate strategies within those pools during candidate shortages.

The same can be said for supply base diversity. Companies that devoted resources to building pipeline and growth programs among diverse supplier bases were rewarded when supply shortages across the market left many scrambling to source essential goods.

To sustain for the long term and flex to meet the market, businesses must understand their strengths and weaknesses. This enables them to adapt to constant change. Preparation, planning and strategy in a proactive and constantly evolving manner allows them to react smartly to the changing landscape around them.

Flexibility plays a huge role in one of the key aspects of sustained improvement: empowering team members to generate ideas and implement change. Leaders must carefully guide their teams with a strong focus on flexibility, adaptability, trust and communication, to ensure that the changes stick and are effective.

Business leaders who overlook organizational resilience, by contrast, will fall short of goals and leave maximized potential on the table. As organizations begin to understand where they are in their organizational resilience journeys, and bring a sense of adaptability to each component of program implementation and change, leaders can work toward stabilizing current operations, achieving future improvements and growth, and sustaining long-term success.

Source: https://www.supplychainbrain.com/blogs/1-think-tank/post/33569-how-organizational-resilience-benefits-supply-chains