Supply Chain Vulnerability and Resilience: A state of the Art Overview

The main objective of this paper is to provide the reader with a state of the art on the supply chain resilience. Markets globalization and global supply chains have to be regarded as business opportunities of economic development for each supply chain actor, but at the same time, they introduce a number of risks and vulnerabilities that affect the capability of the supply chains to maintain equilibrium states over long period of time. The importance of supply chain resilience and its connection with risks and vulnerabilities is underlined. Several case studies are presented in the context of supply chain resilience. Two different frameworks for categorizing supply chain risks are presented and the importance of information sharing and visibility along the supply chain is highlighted. Finally in the context of supply change management, Modelling & Simulation is presented as an ideal framework for experiencing critical events, understanding the effects of risks on supply chain vulnerability and testing supply chain resilience.