Our world is increasingly interconnected and relies on complex networks to support modern economies and societies. The reliability and resilience of these networks and interdependencies is crucial for business operations, but can be threatened by unpredictable disruptions such as extreme weather, climate change, economic crises, cyber threats, terrorism or global pandemics such as COVID-19.
Risk-management can mitigate the risk from these threats but it is no longer enough as it relies on anticipating known and predictable threats. However, by injecting resilience concepts and methods into mainstream value chain analysis we can build a more robust method for determining the resilience of networks and systems. This paper argues the case for this new approach: value chain resilience.
Publication date: 18 May, 2020
Authors: Igor Linkov, Savina Carluccio, Oliver Pritchard, Áine Ní Bhreasail, Stephanie Galaitsi, Joseph Sarkis and Jeffrey M. Kessler.