Globalised supply chains are cost effective but create inherent vulnerabilities.
When these vulnerabilities are exposed, the social cost is catastrophic.
The social cost of supply chain disruptions is catastrophic.
Covid-19 pushes 250m people to the brink of starvation
PPE shortages hit front line healthcare workers across the globe
Biden's Defence Protection Act hits Indias Vaccine Supply Chain
Complexity is the barrier to social resilience
Supply chain resilience is complex. There are deep trade offs for enterprises between resilience, costs, sustainability, efficiency etc. All of which have competitive implications.
Whether its dual sourcing raw material, holding more inventory along supply chain or regionalising supplier base, the complexity of resiliency decisions is beyond human comprehension.
Decision making is also limited in the short term as suppliers and production sites are typically fixed. Fortunately, the advancements in AI and mathematical modelling provide can provide us the answers to these complexed questions.
We are committed.
Theory of Change: Supply chain resiliency has positive external which counteract the negative.