Global Supply Chain Management: Digital Supply Chain and Logistics
At both a macro and microeconomic level, people in varied fields are concerned about the interdependence of global markets and reverberations from seemingly unrelated world events. The managing of global supply chains is certainly no different in this respect. Digital technology is providing greater transparency and potential for collaboration than ever, but at the same time is driving rapid change both in capabilities/tools, and in delivery and performance expectations of supply chain partners and customers, especially consumers.
At the same time, international tensions, energy volatility, security concerns, emerging market development and changing cost structures make delivery schedules less predictable/dependable, raise questions about supplier viability, and demand constant monitoring for change. Discussion will focus on the exchange of information between various parts of the value chain both within enterprises and externally with partners. So much information is available, and as each part of the chain becomes smarter, both in the data it collects and technology it employs, and it is a challenge to connect it all in the most productive way. We will examine such questions as:
1. What are the overall trends in global supply chain issues particularly affecting your industry and for your business?
2. With a sensor/chip/data in everything and the development of IoT and “smart” products, how are supply chain / logistics systems changing? Is “sense-and-respond” real-time?
3. How are we dealing with the expectations of trackability for product genealogy, for taxes and duties, and “unique” products that allow differentiated pricing by consumer chains or tailored production to consumer desire?
4. Should sourcing strategies be reconsidered? If so, what are the primary drivers?
a. Is risk now as big a factor in decisions as the traditional key factors of cost, quality and service? If so, what are the most important types of risks to be considered?
b. Is the drive for lowest possible cost (with highest efficiency) in sourcing over? Have “just-in-time” and “lean” been replaced by “max flexibility” or “least risk”?
5. What is the impact of emerging markets? What is the supply chain impact of:
a. Migration of sourcing from China to SE Asia, from anywhere to Africa, etc.?
b. Growth of consumer markets and rise of mega-cities in these markets?
6. How is the maturation of ecommerce affecting global supply chains? Your supply chain?
7. What is the impact of potentially disruptive technologies like drones and 3D printing?
8. How important are IP and information security factors in supply chain decision-making?
9. What is the impact of millennials as consumers and managers on supply-chain decision-making, partner collaboration and customer/consumer expectations?
10. How is regulation of trade, environment, and traceability affecting supply chains?