Although the supply chain challenges have abated since the COVID-19 pandemic, disruptions continue to persist and risks have increased. VUCA (volatility, uncertainty, complexity, ambiguity) has increased substantially in the world, negatively impacting the safety, security, and reliability of the supply chain.
Lisa Anderson, President of LMA Consulting Group, presented at the International Union of Marine Insurance (IUMI) Annual Conference, sharing insights on global supply chain trends, geopolitical risk, resiliency, and SIOP strategies for navigating an increasingly complex global business environment.
The Panama Canal has a 40% market share for containers moving goods from Northeast Asia to the U.S. East Coast, and drought conditions are creating a new round of supply chain disruptions. There have been between 130 - 160 ships waiting, leading to supply chain delays.
Globalization is not working. Geopolitics abound. For example, the war in Russia and Ukraine ravages on. There are concerns around the nuclear power plant in Ukraine, occupied by Russia. And that is aside from the impact on oil, food, commodities and much more. China continues to threaten Taiwan and has already changed Hong Kong. It is no longer the same for business. There are countless risks throughout the world.
In this episode of Interlinks, I am joined again by my colleagues from the supply chain special interest group of the Society for the Advancement of Consulting to discuss the issue of how and why so many businesses are overlooking the fundamentals of business as we emerge from a period of turbulence characterized by pandemic war and supply chain realignments into an uncertain future.
In this episode of Interlinks I am joined again by my colleagues from the supply chain special interest group of the Society for the Advancement of Consulting to discuss the issues of energy security and geopolitical change and how they are influencing the thinking of business strategists and decision makers as the look to design and configure the supply chains of the future.
There are mountains of geopolitical threats going on with significant impact on the supply chain. Most, if not all of these also relate to natural resources.
The world of supply chain and logistics has been plagued with volatility, disruptions, and increased regulations. Several issues are converging simultaneously, creating a precarious path forward. In this webinar, we will talk about the current status of the supply chain and what the successful and unsuccessful paths forward will look like.
According to an article in Foreign Affairs, the per capita available water supply around the Northern China Plain (253 cubic meters) is nearly 50% below the UN definition of acute water supply.
In this episode of Supply Chain Chats, Lisa Anderson talks about the state of business, the economy, and supply chain, what it means and how to take advantage of the opportunities that will come down the pike.She talks in detail about inflation, recession, the impacts of interest rates and the labor force and what the successful companies are doing differently to succeed.
