Complex and intricate global supply chains can work efficiently at the best of times, but remain susceptible to many unknown vulnerabilities. Even before the COVID-19 pandemic, many events in recent years have temporarily disrupted production across geographies, sectors and firms. Such events expose the weaknesses and impact the long-term sustainability and security of supply chains, leading to financial losses for firms, and indeed in some instances through impacts on key supply chains; affect lives and livelihoods of vast populations. In terms of effective risk management, it is therefore very important to build a sustainability and resilience framework for key supply chains, which are integral to the economy.
Supply chain sustainability helps companies save money, strengthen business relationships, and benefit the environment - requires science-based targets and business-based metrics