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Disruption in Supply Chain
Abstract
Recent trends in the global business environment such as overwhelming globalization, short product life cycle, and cost reducing strategies have exposed various types of supply chains in the face of a great deal of uncertainties and risks. One of the main risks in supply chain is risk of disruption. Disruptions, which can derive from natural and man-made sources, have attracted the attention of academia, industry, as well as supply chain advisors. The importance of the topic becomes more vital when it is observed that prior planning for the disruption can significantly reduce the adverse consequences of disruption. Therefore, in the chapter, the authors would try to introduce the phenomenon of supply chain disruption along with its importance. Recent trends that greatly necessitate careful planning of supply chain disruption are presented, and lastly, different ways through which the adverse consequences of disruption can be mitigated are given to the readers.
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