Digital technologies such as blockchain, artificial intelligence, and automation can enhance supply chain visibility, traceability, and efficiency. Collaboration with industry partners, governments, and research institutions is crucial to sharing knowledge and resources, identifying emerging threats, developing innovative solutions, and bolstering societal resilience.

Governments can play a significant role by enacting favourable legislation, offering incentives, promoting innovation, investing in infrastructure, including transportation, logistics, and digital connectivity, developing skills, and facilitating companies' expansion of their supplier base. Initiatives like the PM's Gati Shakti project, focusing on multi-modal connectivity, can expedite the movement of goods and services, reduce travel time, and improve last-mile infrastructure connectivity. India can leverage its commitment to sustainability and ethical practices to ensure a conducive business environment and attract businesses looking to diversify their supply chains while meeting environmental and social responsibility goals. India can capitalise on its expertise in IT services and technology solutions by integrating digital tools for supply chain management, data analytics, and automation, investing in research and development to foster innovation in manufacturing processes and technologies, and fostering collaboration between the government, private sector, and academia to address supply chain challenges. By implementing sound strategies, India can position itself as a resilient and attractive destination for global supply chain investments while ensuring its supply chain's stability and adaptability in the face of unforeseen disruptions.

Diversification of supply chains has never been more critical to ensuring resilience. Concentrated supply chains have various risks, and disruptions can have significant consequences. On the contrary, diversification offers stability through increased resilience, risk reduction, and enhanced adaptability. Companies prioritising diversification as a strategic imperative can effectively navigate uncertainty, overcome challenges, and ensure long-term stability for their businesses and the global economy.