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THE FUTURE OF SUPPLY CHAINS, THE VIRTUAL CONFERENCE SERIES: KEYS FORCES OF CHANGE TO 2025
Wed - 16/12/2020 @ 00:00
100 tickets remaining
THE FUTURE OF SUPPLY CHAINS, THE VIRTUAL CONFERENCE SERIES: KEYS FORCES OF CHANGE TO 2025
We identify five key forces of change likely to have significant impacts on supply chains from today to 2025. While we and other experts are confident that these trends will be relevant in 2025, significant uncertainty remains about the ways in which they will develop, precisely how they will impact supply chains in different industries and geographies, and how they will interact with and influence one another.
1. Widespread Adoption of Technology, Including Automation, Across the Value Chain
Technological advances are catalyzing the digitalization of supply chain management, changing how products and services are made and delivered, and enabling the creation and sharing of supply chain information in new ways by a more diverse set of actors. Companies are digitally transforming the management of their supply chains by piloting and applying technologies such as machine learning, blockchain, and augmented reality to traditional supply chain management activities. Supply chains are becoming hyper-transparent as suppliers, workers, and communities access increasingly sophisticated technologies and use them to create and share information about environmental and social performance. Automation and advanced manufacturing are already having significant impacts on supply chains and will continue to reshape the labor force and the total costs of sourcing, especially in industries that are suited for automation (e.g. electronics), and in countries that have traditionally been the engines of global supply chains. These shifts are likely to have several implications for procurement leaders: altering the supplier base as some suppliers adopt new technologies while others are left behind, changing the landscape of common labor-related issues in supply chains, creating new challenges related to workforce displacement, and facilitating access to a huge volume of real-time supply chain information that is produced and validated by many supply chain actors.
2. Global Climate Change and Resource Scarcity
While the exact effects of climate change in supply chains cannot be precisely predicted, supply chains are particularly vulnerable to the impacts of climate change due to their reliance on raw materials and concentration in countries likely to be impacted by climate change. We found that companies were already identifying climate impacts to their supply chains—including changes in quality and availability of raw materials, commodity price volatility, severe supply disruptions due to natural disasters, and worker health impacts due to rising temperatures. These impacts are likely to increase in frequency and severity as global temperatures continue to rise. For example, according to the WHO, ILO, and UNDP, by 2030, productivity losses related to heat-related workplace disruption and injury could rise above US$2 trillion. Based on our analysis of supplier information reported to CDP, most suppliers do not have the tools to evaluate or manage the potential impacts of climate change and resource scarcity to their businesses.
3. Human Migration on a Mass Scale
Transnational labor migration is an established trend, but the past several decades have seen an increase in mass migration, with more than 240 million people living outside their countries of birth. More recently, we breached an ominous global milestone: the greatest number of forcibly displaced people ever recorded. By the end of 2016, a staggering 65 million individuals had been forcibly displaced—a rate equivalent to 20 people forced to flee their homes due to persecution, violence, or conflict every minute. Internal migration within countries like China also contributes to changing labor dynamics and is projected to increase. This mass movement of people and the circumstances of their migrations have shifted economic potential within countries and introduced new challenges and opportunities for companies seeking to respect and support human rights across their global supply chains. For example, migrants are particularly vulnerable to labor abuses due to language barriers, lack of formal networks, and limited legal protections.
4. Shifting Consumer Demands and Changing Market Demographics
Advances in digital technology have enabled high levels of personalization in marketing and product design and fuel the growing on-demand economy. In the U.S. alone, consumers are spending nearly US$60 billion in on-demand services such as online marketplaces and transportation. Adding complexity to this trend, as companies look to meet demand for custom goods and faster delivery times in some parts of the world, they are also looking for growth opportunities in new markets and among new customer groups, including “base-of-the-pyramid” populations. These dynamics are likely to push companies in a range of industries to site sourcing and finished goods manufacturing to be closer to end customers. By 2025, many supply chains may shift from global flows of goods and services to national, regional, and local networks of buyers and suppliers.
5. Mixed Signals on Trade and Transparency
In the years ahead, the business models that gave rise to global supply chains may be unwound by direct challenges to, or even simply uncertainty about, the durability of global trade agreements and norms. BSR member companies already report fundamental supply chain changes—such as reshoring, vertical integration, and increased sourcing from new geographies—as a consequence of the mixed signals in our global trade system and planned shifts in economic models, such as China’s pivot from a manufacturing powerhouse to a service economy with expansionist ambitions. Regulations that impact supply chain transparency and disclosure are similarly uncertain; legislation may be rolled back in some jurisdictions but strengthened in others. For example, as the U.S. looks to weaken the Dodd-Frank Act, which requires corporate disclosure on tax payments and on conflict minerals due diligence, France adopted the “duty of care” law, requiring French companies to implement due diligence plans to address human rights and environmental risks. As the U.S. regrettably announced its intent to withdraw from the Paris Agreement, hundreds of university presidents, mayors, and governors in U.S. cities and states redoubled their commitments to the international accord.
Time: Dec. 15 - Dec. 18
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Speakers & Topics
Session: Wed. 16 Dec. 2020 11:00 AM GMT+7
Topic: AUGMENTING SUPPLY CHAIN RESPONSES TO COVID19 CHALLENGES WITH AUTOMATION
The Covid19 Pandemic has caused serious health and economic issues, across many countries for more than 10 months. The supply chains of many businesses are impacted and also transformed quickly to meet the challenges posed by Covid19. We are sharing how logistics automation are augmenting supply chain capacities & capabilities, to stockpile the essential goods eg medical & food. Cold Chain strategy can be used for food stockpile and distribution during lockdowns or limited outdoor dining. The eCommerce purchases have soared 5 to 6 times above the pre-Covid volumes, and have been a lifeline for many retail business during this difficult period. Logistics automation are augmenting these 3 key strategies in the execution.
Dickson Yeo, Senior Logistic Consultant, Swisslog - Logistic Automation Southeast Asia
Dickson Yeo is the Senior Logistic Consultant of the Logistic Automation of Swisslog since November 2016. He provides specialist support in logistics operations, translating client’s requirement and processes into the warehouse automation designs and automation project realisations in the South East Asia region. Prior to this, Dickson Yeo was the Senior Consultant with io Consultants and had been involved in the healthcare logistics consultancy for a large hospital, and industrial & logistics automation consultancy for an industrial estate project. Dickson Yeo has been in the logistics industry for more than 20 years. As a Director (Supply Chain) NTUC Fairprice for 12 years since 2003, he had managed the cold chain food logistics of a 180,000 sq. ft Fresh Food DC and the grocery distribution of 2 automated Distribution Centre. The latest automation project implemented in 2014, was the Automated Storage & Caddy Pick Distribution Centre using Swisslog solution; with a 52,000 pallets ASRS storage capacity and picking throughput of 120,000 cartons per day. Dickson had strong experience in 3rd Party Logistics, having set up and managed logistics operations for many MNC clients in Singapore, Malaysia and Dubai. He had also started up a logistics company in Dubai Jebel Ali Free Zone and established the logistics business there in 1998. He was with CWT from 1995 to 2001, and with Menlo Worldwide thereafter.
Session: Wed. 16 Dec. 2020 14:00 PM - 15:00 PM GMT+7
Topic: SUPPLY CHAIN & LOGISTICS OF THE FUTURE 2025
Imagine what the future will look like in the Supply Chain and Logistics! We don’t mean the near future, but the very distant future. There are articles which describe what the future of Supply Chain & Logistics will be like in 2025, or even 2030. But is that enough of a far-reaching vision to offer much more than an incremental view of what we see today based on existing technology? Any view of the near future is more likely to describe incremental changes and incremental advancements based on the current knowledge base. But an extremely distant vision of the future is more likely to offer revolutionary ideas as to what future possibilities are. Join this session to learn more and discuss.
Gopal R, Global Leader - Supply Chain & Logistics Practice, Frost & Sullivan Dubai, UAE
Gopal leads Frost & Sullivan’s global Supply Chain & Logistics (SC&L) Practice. He is responsible for nurturing senior client relationships in Supply Chain & Logistics, conceptualizing as well as managing advisory engagements. His expertise in the regional markets has helped in developing relationships with local and regional companies, augmenting networks, capabilities and advisory focus. His regional expertise is backed well with knowledge and experience of working with global third party logistics companies. He is also an invited thought leadership speaker at more than 75 Supply Chain & Logistics conferences globally.
More will be updated later
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|HQTS is a premier quality control inspection company in Vietnam, providing in-factory inspections, field inspections, quality control inspections, production monitoring, and sourcing to clients across Southeast Asia and the world. Its quality control inspections and consumer products testing solutions can help ensure your products meet the required standards.|
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