SHOCK TACTICS


‘The spread of digitization and automation throughout the supply chain has already made some roles obsolete and created a growing demand for supply chain professionals with digital and analytics skills.’


robotics. With increased usage of technology for manufacturing, intellectual property becomes a more important component in the value chain.


More companies are evolving their operational models towards micro supply chains, focusing on leveraging local production capacity. The flexible nature of micro supply chains gives firms the agility to alter production volume and adjust processes at short notice. This approach creates greater value by allowing companies to be closer to their customers and, in times of crisis or rapid change, to benefit from their independence.


Supply chains have become smarter and faster


The disruption to trade has caught many companies off guard, exposing gaps in digital capabilities with little or no visibility of their supply chain operations. Many organizations have started to analyze the chokepoints or failures exposed during the crisis and work on building resilience within their supply chain networks. Blockchain, IoT, AI, robotics,


automation, predictive analytics, and machine learning are the trending technologies used to enhance visibility and transparency to supply chains, and enable real-time decision-making capabilities and responsiveness.


According to a recent Fortune poll, 75% of CEOs said they were accelerating their digital plans. Businesses are prioritizing the realignment of operational capabilities to a post-COVID business model with key focus on digitalizing and automation of operations for efficiency and continuity. For example, Amazon has unveiled plans to build a $500 million robotic distribution center in Australia.


Talent wars and digital upskilling of existing staff


The spread of digitization and automation throughout the supply chain has already made some roles obsolete and created a growing demand for supply chain professionals with digital and analytics skills. However, every other part of the business is also going digital, so the competition for the best talent is intense. To keep pace with the speed at


which supply chain models and technologies are evolving, organizations must identify the specific capabilities they will need in the future and focus their energies on establishing effective, sustainable talent pipelines.


“The biggest challenge is the lag in training due to the speed of change as technology evolves and new processes take shape. Hence, it is necessary for supply chain security training to be constantly reviewed and updated to keep up with current market trends and developments,” said Tony Richter, Chief Executive of Bastian Consulting.


Lina Li, Chairperson of TAPA Asia Pacific, shared: “Global supply chains are now transforming and rebuilding their structures, bearing in mind the more strategic issues of supply chain resilience, visibility and security. The post-COVID world presents us with new and greater risks with newly- formed partnerships, changed cargo routes and remote working arrangements. The TAPA Security Standards 2020 provide the global requirements to enhance supply chain security and resilience levels. Businesses with these resilient foundations in place will see a genuine competitive advantage over those that do not in this ever-changing business climate.”


For more information about TAPA 2020 Standards, please email the APAC Secretariat at info@tapa-apac.org


Source: Bastian Consulting - Future of Supply Chain White Paper


‘The disruption to trade has caught many companies off guard, exposing gaps in digital capabilities with little or no visibility of their supply chain operations. Many organizations have started to analyze the chokepoints or failures exposed during the crisis and work on building resilience within their supply chain networks.’


9


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32