What is the term used to identify the ability of a business to recover from an event that negatively impacts the supply chain?

Question

Quizplus · Accepted Answer

The term used to identify the ability of a business to recover from an event that negatively impacts the supply chain is resiliency. Resiliency refers to a company's ability to bounce back quickly from disruptions, adapt to changing circumstances, and continue operations without significant interruption. While event management, risk recovery, supply chain visibility, and risk pooling are all important components of supply chain management, they do not specifically refer to a business's ability to recover from disruptions in the supply chain.

What Is the Term Used to Identify the Ability of a Business