Strategies on Establishing Supply Chain Resilience in the Era of VUCA

Abstract

The world is now in an era of uncertainty, namely the Ukaera (VUCA),The world's supply chain is experiencing the risks and tests of factors such as material shortage, insufficient transport capacity, rising resource price, unclear policy, national war and so on, leading to the unpredictable and invisible fluctuations in the supply market. In particular, the impact of COVID-19, including restrictions on travel and gathering of people and delayed resumption of work, have had a severe impact on labor, inventory, production, transportation and orders in the manufacturing industry. Facing the more complex and changeable operating environment in the future, establishing a flexible supply chain is an effective way to deal with this uncertainty, and the digital innovation of the supply chain can improve the resilience of the supply chain.