Building Resilient and Secure Supply Chain Networks in the Era of Digital Transformation

The global supply chains are becoming digitally reliant, vulnerable to cyber threats, exposed to sustainability, and geopolitically tumultuous, making the global supply chain to operate on a continuous disruption. Despite the high level of digitalization, the majority of the supply chains have a weak structure as a result of fragmentation and responsive risk governance, trust and coordination links. The existing blockchain-based or digital risk management approaches are mostly concerned with transparency or analytics themselves and offer limited support in adaptive and system level resilience in multi-tier networks. This chapter proposes a risk management model, which incorporates blockchain, in which trust, automated governance, and dynamic risk mitigation are brought into functional supply chains. The framework is grounded in decentralized registry, controls enforced on smart contracts and multi-dimensional risk modeling, to address the risks of operation, cyber and sustainability on a common architecture.