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Business Resilience · Authority Guide

Supply Chain Resilience for Small Business

Supply chain shocks have moved from rare to recurring. Resilient businesses maintain dual-source relationships and inventory buffers.

Executive summary

Supply chain shocks have moved from rare to recurring. Resilient businesses maintain dual-source relationships and inventory buffers.

  • Dual-source key inputs
  • Maintain safety stock for critical items
  • Document supplier risk annually

Key takeaways

  • Dual-source key inputs
  • Maintain safety stock for critical items
  • Document supplier risk annually
  • Insurance for contingent business interruption

Key strategies

  1. Strategy 1

    Dual-source key inputs

  2. Strategy 2

    Maintain safety stock for critical items

  3. Strategy 3

    Document supplier risk annually

  4. Strategy 4

    Insurance for contingent business interruption

Pro-tips checklist

  • Audit suppliers annually for financial health
  • Establish secondary suppliers before needed

FAQ

What's contingent business interruption?

Coverage for losses when a key supplier or customer is disrupted, even if your operation is intact.