As India moves towards realizing Viksit Bharat by 2047, the establishment of resilient supply chains will be as vital as quality infrastructure. The ability to create logistics systems that can foresee disruption and change tone swiftly and which enable speedy recovery will define the nation’s long-term economic viability.
In the recent past, the globe has gone through multiple disruptions from pandemics and geopolitical conflicts to natural calamities due to climate change. It has highlighted that just being efficient is not sufficient. Companies need resilient and flexible supply chains in order to deal with the uncertainties without compromising on service and growth. For an economy like India which is rapidly developing, building resilient supply chains holds immense significance in achieving the goal of Viksit Bharat, where development and exports are dependent on the efficient supply chain.
Resilience is Built Before Disruptions Occur
Supply chains that have resilience are not created during a crisis situation. They are developed from ongoing investments into resources such as planning, technology, and the opportunity to work together. Companies that manage to follow cargo and transport data in real-time, share information with other supply chain players, and predict possible failures will be able to withstand crises better. Resilience today doesn’t only depend on infrastructure but also has to do with access to sufficient information for making decisions quickly. In the case of logistics in India, this digital connection in many cases is already becoming part of those innovations.
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