Supply chain resilience is a term that describes the capacity of a supply chain to 1) withstand shocks that include pandemics, armed conflicts and natural disasters; and 2) its ability to recover from these disruptions. Shocks can also be related to business challenges such as changes in consumer buying behavior, unanticipated competitive pressures, and emerging market trends.
Organizations with strong supply chain resilience have a competitive edge over their rivals because they are able to continue serving their markets, even in times of stress, to keep their customers happy and meet growth targets.
Organizations maintain their supply chain resilience by being able to proactively spot supply and demand shifts, quickly identify new buyers and suppliers, efficiently expand into new markets and easily optimize trade lanes.
Descartes Datamyne can help strengthen supply chains with solutions that deliver comprehensive, accurate and up-to-date import and export information from the world’s largest searchable trade database covering 230 markets across five continents. Other important solutions include a landed cost calculator to determine business viability and denied party screening to help ensure organizations are not entering into business transactions with entities named on official watch lists.