Dynamic digital capabilities and supply chain resilience: The role of government effectiveness
Organizations in recent times are increasingly investing in building supply chain resilience following disruptions due to natural disasters, geo-political crises, and pandemics. A lack of government support has exacerbated the disruption to supply chains in some regions of the world. The positive influence of digitalization on social inclusion, government accountability, and creating a more open environment is well understood. Despite this, different countries have shown varying degrees of digital responsiveness during the pandemic as they attempted to deal with the effects of various COVID strains.
The Power of Possibility: Transitioning from Deterministic to Stochastic Thinking for Strategic Risk Professionals
Stochastic thinking in risk management acknowledges uncertainty and the role of probability in shaping outcomes, moving beyond the single-scenario focus of deterministic models (EV, 2020; Investopedia, 2025). Embracing stochastic approaches enables risk professionals to simulate a spectrum of possible futures, quantify likelihoods, and enhance forecasting, scenario planning, and stress testing (PreventionWeb, 2021; GARP, 2023). This mindset delivers deeper insight for strategic decisions, supports resilience, and equips organisations to navigate today’s complexity and volatility more effectively than deterministic methods alone (Milliman, 2022; Perplexity, 2025).