Global supply and value chains have become increasingly complex and interconnected, exposing companies to a range of risks caused by natural disasters, political instability, or global pandemics. The paper outlines some strategic options for companies to improve the resilience of their value chains, namely expansion of local or global supply chains, regional concentration or global diversification of production capacities, and insourcing or outsourcing activities. Data of 314 German manufacturing firms is used to investigate the influence of different digital technologies and adaptable production systems.
Industrie 4.0 Management | Volume 39 | 2023 | Edition 4 | Pages 31-35 | DOI
10.30844/IM_23-4_31-35
