Industry IoT’s Post

#Geoeconomics Together with distinguished speakers such as Vice President Ambroise Fayolle from European Investment Bank (EIB), Sarah Bauerle Danzman, Christopher Smith from Ford Motor Inc. and Maia Nikoladze from the Atlantic Council we discussed what impact industrial policies have on #supplychains, why we need to be realistic of what is achievable and how we can still work on reducing dependencies. Reducing dependencies in the supply chain is crucial for enhancing #resilience and mitigating financial and human rights risks. Here are some strategies that corporate #boards need to continueously consider and analyze: Diversify Suppliers: Instead of relying on a few suppliers, work with multiple suppliers for critical components. This reduces the risk of supply disruptions if one supplier faces issues. Increase Inventory Buffers: Maintain higher levels of inventory for key materials. This can help buffer against supply chain disruptions. Strengthen Supplier Relationships: Collaborate closely with suppliers to improve forecasting, planning, and capacity management. This can lead to more efficient and reliable supply chains. Invest in Technology: Use advanced technologies for better visibility and real-time monitoring of the supply chain. This can help identify potential issues before they become critical. Localize Supply Chains: Whenever possible (and we need to appreciate the factual limitations here - be it costs or product related), source materials locally or regionally to reduce dependency on international suppliers and mitigate risks associated with global logistics and . Develop Contingency Plans: Have backup plans in place for critical supply chain components. This includes identifying alternative suppliers and logistics options. Implementing these strategies can help create a more resilient and flexible supply chain. Thank you, Julia Friedlander and Josh Lipsky, for another outstanding Transatlantic Forum on GeoEconomics! #supplychains #sanctions #humanrights #boards #geoeconomics #lieferkette #resilienz #scenarioplanning #aufsichtsrat

🌍 Future-proofing global supply chains in an uncertain world 🌍 The last few years have been a wake-up call for organisations worldwide. Trade conflicts, #Brexit, and the #COVID19 pandemic exposed the vulnerabilities of global supply chains like never before. Now, as we navigate a complex landscape marked by geopolitical shifts, technological disruptions, and #climatechange, the need to future-proof our supply chains has never been more critical🔧🔍. In our latest Institute for Manufacturing (IfM), University of Cambridge Insights article, we explore how forward-thinking strategies are essential to building resilient and sustainable supply chains💡. Jagjit Singh Srai, Director of Research at the IfM's Centre for International Manufacturing, shares valuable insights on the major shifts reshaping global supply chains and the innovative approaches needed to stay ahead. 🚀 Key takeaways: 📈 Moving beyond short-term fixes to long-term resilience 🏭 Embracing #advanced #manufacturing and digital technologies 🌐 Considering geopolitical and sustainability factors in supply chain design As we prepare for the 28th Cambridge International Manufacturing Symposium this September, now is the time to engage with industry leaders and experts to shape the future of supply chain management. 🌟 Don’t miss this opportunity to be part of the conversation! 🔗 Read the full article and register for the symposium: https://lnkd.in/e2q9EM_M #SupplyChain #FutureProofing #Manufacturing #Sustainability #Innovation #IfMInsights #CIMSymposium2024 IfM Engage Kam Gossal Robert D.

Kirti Gupta of Cornerstone Research will join professionals and scholars in international trade, tech innovation, and sustainability on a panel analyzing the vulnerabilities and future of U.S. and Asian supply chains. The event is hosted by the Asia Society of Northern California. #AsiaSociety #innovation #technology #supplychain #internationaltrade

An excellent article here from Nick Vyas of the USC Marshall School of Business summarizing the past, present, and future of supply chains. Thanks to Karl L. Buschmann for sharing. ~Mr. Supply Chain #AlwaysBeLearning #SupplyChain

De-risking Global Supply Chains Looking Beyond Material Flows This essay examines supply chain de-risking driven by two forces: (1) the renewed concerns of the U.S. and its allies about supply chain resilience and (2) China’s long-standing strategy to redefine the global https://lnkd.in/dinxD2KH

28th Cambridge International Manufacturing Symposium, 19-20 September 2024 - Call for papers deadline extended 📢 Submit your abstract by 29 July 📢 'Future-proofing manufacturing supply chains: Navigating paradigm shifts in geopolitical, technology and climate transitions' The Cambridge International Manufacturing Symposium welcomes in-person presentations on the academic day (20th September) subject to submission and acceptance of an abstract. Specifically, we welcome contributions that align with the following research themes: ➤ Geopolitical influences on global #supplychain reconfigurations ➤ Global Manufacturing and #China ➤ Rethinking supply chain #resilience in response to multiple disruptions ➤ Transforming supply chains through #digital platforms and technologies ➤ Exploring circular supply network transformation strategies. Find out more and submit your abstract: https://lnkd.in/eSuHZN3U The symposium is organised by the Centre for International Manufacturing at the Institute for Manufacturing (IfM), University of Cambridge. Jagjit Singh Srai Kam Gossal Mukesh Kumar Ettore Settanni Yongjiang Shi Lisa Rossi Soujanya Mantravadi, PhD #callforpapers #Cambridge #manufacturing #supplychains

CSCMP EDGE Academic Research Strategies Symposium “Why aren’t our supply chains more resilient?” asks Stan Fawcett. There are many forces that are forcing supply chains to adapt and evolve. Some evolution occurs gradually (gradualism and natural selection) and some occurs quickly (punctuated equilibrium). There are also many forces that limit a firm’s ability to adapt to changes. Can we model these dynamics to understand what it really takes for companies to make their supply chains adapt more rapidly? Staying Alive: Exploring The Nature Of A Rapid Adaptation Capability -Melanie Gerschberger, University of Applied Sciences Upper Austria -Stan Fawcett, University of Applied Sciences Upper Austria -Markus Gerschberger, University of Applied Sciences Upper Austria ~Mr. Supply Chain #AlwaysBeLearning #SupplyChain #Resilience

This day has been packed with great speakers and discussions. A panel with maybe the best title of the day – Ship Happens – just wrapped up and it continued to give us great information to ponder.  Ensuring supply chain resiliency has never been more crucial, as recent disruptions due to the pandemic and geopolitical tensions have underscored.    In a dynamic panel moderated by Kiva Allgood from the World Economic Forum, industry experts discussed strategies for building resilient supply chains. They shared insights on creating networks capable of withstanding shocks while remaining efficient and adaptable.    Leaders from the public and private sectors explored comprehensive approaches to mitigate risks and enhance resiliency, prioritizing global and national security interests. Key discussions included diversifying suppliers, bolstering domestic production capabilities, and leveraging advanced technologies to predict and mitigate risks across intricate global networks.    Pedro Casas Alatriste L from the American Chamber of Commerce of Mexico highlighted the significance of North American partnerships in foreign direct investment (FDI). He emphasized that shared problems require shared solutions, stressing the need for collaboration across government and higher education to enhance supply chain resilience.    Alexander Tah-Ray Yui, representing the Taipei Economic & Cultural Office, underscored the partnership between Taiwan and Indiana in advancing future technologies. Their collaboration, particularly in AI and technology clusters since 2017, demonstrates Indiana's proactive approach towards fostering innovation and strengthening supply chain capabilities.    By fostering collaboration and innovation, we can build supply chains that not only weather disruptions but also support sustainable growth and security. #INGlobalSummit #supplychain 

Companies that assembled resilient #supplychain strategies post-pandemic are putting those plans to use again faster than expected. Global disruptions, geopolitical tensions, and mass migrations have an impact on industries from semiconductors to consumer goods, and supply chains must be more resilient and ready than ever in 2024. Read the whole article on The Wall Street Journal here:  https://lnkd.in/gBCeKJt9

I'm excited to share that our 2023 paper titled "The Changing Landscape of Digital Transformation in Supply Chains: Impacts of Industry 4.0 in Vietnam", published in the International Journal of Logistics Management (A-Rank/Q1), has been recognised as the Top Cited Paper in the last 12 months! 📈 I extend my heartfelt gratitude to my co-authors A.Prof Seng Kiat Kok, A.Prof John Hopkins, PhD, Prof. Guilherme F. Frederico, PhD, Dr Hung Nguyen and Dr Abel Alonso whose contributions were invaluable in achieving this milestone! Additionally, I want to express my gratitude to the journal editorial team and esteemed reviewers, who helped us bring the level of this paper to such heights. If you're interested in exploring deeper into the realm of digital transformation, you can access the paper here: https://lnkd.in/g6vxJSBv Let's keep driving innovation and knowledge advancement in supply chain management together. 🚀 #JCU #SupplyChain #DigitalTransformation #Industry40 #ResearchExcellence