Track: Supply Chain Management
Development in the field of IT and competition in the market forces companies to increase their market share and revenue. To satisfy this goal, companies can apply and adopt plans that may lead to making the supply chain (SC) lengthy and too rigid to control/monitor. The longer the SC the more it can be disrupted by expected and unexpected events (e.g., Digital security incidents, climate). For that purpose, the SC must be built in a way to respond fast to disruptive events in an effective way and to bounce back to its original state to be considered a resilient SC, which gives a competitive advantage to the companies.
To achieve SC resilience, several studies have discussed enablers. Some of these studies, focused on increasing velocity through the SC, others argued that high adaptability leads to SC resilience, and others mentioned information sharing as a key to achieving SC resilience. In addition, applying technology in the SC processes can add strength. As such, the Internet of Things can support/enhance the level of Velocity, Adaptability, and Information sharing, which leads to enhancing SC resilience. This research explores the opportunities that IoT presents to enhance resilience enablers and boost SC resilience.