Current state of the market
- Integrated global supply chains have come under immense stress in the last three years beset by COVID-19 and geopolitical conflicts such as Russia-Ukraine war. Disruptions have wreaked havoc on maritime transport and logistics, clogging some ports and closing others, reconfiguring routes, extending delays and pushing up shipping costs multifold.
- Although delays have improved, congestion has eased and freight rates are normalizing to pre-pandemic levels, global supply chains and thus world trade remains vulnerable. The industry must shore up its resilience to future crises.
- The panel will discuss the current state of the market, their covid experience and learnings, and how they are building resiliency in their operations to serve ever changing customer needs.
Supply Chain Concentration Risks
- Over the last two decades, global supply chains embraced just -in-time, proven resilient and predictable in a normal demand environment, but we also witnessed significant rise in “Supply Chain Concentration Risks”. With pandemic, integrated global supply chains faced their toughest test and the evidence suggests global trading system came crumbling down. Distress was accentuated by congestion, land-side restrictions and equipment imbalances which even persist today, almost three years since the pandemic began.
- Disruptions in China has seen a global focus on emerging global supply chain shifts as China-plus-one sourcing strategy gains steam. How much weight does China+1 sourcing strategy carry ?
- Will we witness accelerated supply chain diversification with focus on predictability vs efficiency?
Decarbonizing global supply chains
- In the longer term, global supply chains need to decarbonize. There is an intense spotlight on supply chain emissions and the industry faces multitude of challenges to meet ambitious net-zero targets. The industry will need to understand key drivers and implications of an evolving regulatory framework.
- Panel will discuss what are the challenges on a path to decarbonization and the role of cross-industry collaboration.