Feeling overwhelmed by the persistence and prevalence of crisis? There’s a new word for this current state: polycrisis . Wishing your supply chain were strengthened rather than strangled under these conditions? There’s an older term now being applied to supply chains for this capacity: antifragility. Are you trying to figure out how NOT to join the 70% who fail at digital transformation? There are a couple of decades-old concepts that are the missing ingredients for success: people and process. As much as we conflate digital transformation with technology, without these missing ingredients your initiative will fail. And the true secret sauce to excellence is to fold in systems thinking and organizational learning. “Polycrisis” was the talk of Davos at the recent meeting of the World Economic Forum, which defines it as “…a term used to describe the current global situation, where multiple complex, interconnected crises are occurring simultaneously.” Our abundance of serious threats may be one reason for the buzz around another term coined almost a decade ago by Nassim Taleb, antifragility : “The resilient resists shocks and stays the same; the antifragile gets better.” While the concept isn’t new, its application to supply chain is emerging, albeit without […]
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