Title: Practical wisdom in a complex world: building the resilient supply chain

Authors: Athanasios Batsakidis; Alexander Tsigkas

Addresses: Department of Production and Management Engineering, Democritus University of Thrace, Xanthi, Greece ' Department of Production and Management Engineering, Democritus University of Thrace, Xanthi, Greece

Abstract: This paper investigates the role of practical wisdom (phronēsis) in a complex world with respect to the issue of world stability. Increasingly, literature reveals that existing solution approaches based on knowledge, science and technology may be necessary but are not sufficient. The volatility of the world proves that there is a need for interdisciplinary understanding of the role of wisdom in managing supply chains. To address this issue, the paper draws a link between wisdom and resilience with respect to a technology-driven future, environmental sustainability and economic growth. It is concluded that practical wisdom promotes supply chain resilience in a complex world.

Keywords: practical wisdom; instability; supply chain resilience; phronēsis.

DOI: 10.1504/IJSCOR.2019.099468

International Journal of Supply Chain and Operations Resilience, 2019 Vol.3 No.4, pp.353 - 368

Available online: 24 Apr 2019 *

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