Business View Magazine Apr-2023

14 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 4 G A strategies and address vulnerabilities in our highly complex supply networks. A resilient supply chain is one that is able to absorb shocks without interrupting supply to customers. Achieving resiliency is not just about padding inventories. To make our supply chain more resilient, Univar Solutions focused on three strategies. We embraced technology to improve visibility and scenario planning while also increasing our internal logistics and operational capabilities and capacities. Most crucially, we prioritized the safety, health, and development of our employees. By sharing our story, I hope it will provide some insight to help you mitigate risks and overcome future disruptions. 1. PLAN AHEAD WITH THE RIGHT TECHNOLOGY The challenges that have occurred over the course of these past few years have made it clear that disruptions in the supply chain often follow a chain of events—as opposed to a singular event. Weather events, factory shutdowns, semiconductor shortages, and other material shortages have all served as contributing factors to the supply chain disruptions still at play today. Companies can manage their supply chains only when they have a clear picture of each link. The one area where Univar Solutions made significant progress during the depths of the pandemic was in using technology to increase visibility and scenario planning. The first step in accomplishing