Lisa Anderson was interviewed on the Lou Desmond radio show to talk supply chain. John Tulac, international business attorney, hosted the show to talk the status of the supply chain and what opportunities will emerge. We discussed the status of the supply chain post pandemic including the impacts on inventory levels, cash flow and the Bullwhip Effect. The bullwhip effect is a supply chain concept that describes how small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer, and supplier levels.
We also talked about supply chain risk as the conversation was on the heels of the Chinese spy balloon traversing the United States. John Tulac is an expert in China and the global economy and geopolitical risk, and so we talked about the implications of this risk and how manufacturers and distributors should respond. From spy balloons to the Russia-Ukraine war and changing relationships related to oil to the elevated risk of China, we talked about getting in front of supply chain risk, knowing what’s going on in the world and how to encourage executives to keep up with changing global conditions as it is vital to surviving, let alone thriving in the volatile business environment. Certainly, the supply chain risk topic was followed by what to do about it including backup sources of supply, reshoring, nearshoring, and taking control of your supply chain. This led to a discussion on examples and case studies related to computer chips, Tesla, and other types of companies moving supply chains to mitigate risk.
John wrapped up the show by commenting about the importance of energy and complex systems.
Originally published on the Lou Desmond Show on 2/13/2023