Supply Chain Reset
Article from MHI Solutions Magazine
In retrospect, the just-in-time, single-source, ultra-streamlined supply chain was never built to last.
Wages in developing nations can rise, and labor disputes can bring manufacturing and shipping to a halt. Values of international currencies fluctuate, tax and environmental policies change, and fuel prices are historically volatile. Authoritarian governments are unpredictable, and in an interconnected world, a war in a single country can create a global shortage of essential products. Natural disasters and pandemics are parts of life.
Amid all that uncertainty, toss in growing consumer expectations for corporations to reduce their carbon footprint and to disclose their environmental impact, and C-Suite executives have their work cut out for them. The response has been a global supply chain reset aimed at enhancing sustainability, visibility and resilience.
“I think the importance of sustainability is really clear with all the global issues we see now,” said David Duque Lozano, a sustainability project manager for MHI member Vanderlande. “Sustainability is becoming a license to operate…”
