Improving Supply Chain Resilience through Risk Management
by George W. Prest, Chief Executive Officer, MHI | @mhi_ceo
Supply chain risk and the resulting disruption is a leading cause of business volatility. With more companies expanding into new and often emerging markets – using more complex and extended networks of suppliers and partners – the supply chain is at once a growth enabler and a key source of risk.
This is an area where we as an industry cannot afford to be complacent.
This issue of MHI Solutions tackles how to effectively manage supply chain risk from best practices and technologies that can reduce risk to offshoring versus nearshoring and the potential danger of outsourcing your brand reputation.
The current talent shortage also poses a significant risk to supply chains. This issue includes a special feature on women in supply chain. This article tells the stories of seven incredible leaders who are transforming our industry and changing the way the manufacturing and supply chain profession is perceived.
Our industry is a growing, diverse and vibrant one and leaders like these represent its changing face. It is great to see that our industry is transforming, but there is still much work to be done on that front.
The one common theme in addressing all these issues is collaboration. Collaboration between suppliers, the user community, academia, industry associations and government is essential to improve supply chain performance, increase operational efficiency and reduce business risk.
To this end, MHI has expanded the educational and networking offerings at our MHI Executive Summit and Annual Conference being held in October 4-7 in Ponte Vedra Beach, Florida. We are also encouraging MHI members and non-members to attend, creating a venue for this collaboration to take place.
During this conference, our industry is beginning the process to transform into a living, growing community that shares knowledge and collaborates to address current and future manufacturing, distribution and supply chain challenges and opportunities.
Luminaries like Paul Dittman (University of Tennessee Global Supply Chain Institute), David Butler (Coca-Cola), Patrick Murzyn (Caterpillar) and Lora Cecere (Supply Chain Insights) among others are sharing insights and strategies for transforming supply chains into next generation models.
Next year’s MHI Executive Summit and Annual Conference will be held October 16-15, 2016 at the Hilton El Conquistador in Tucson, Arizona. We hope you will make plans now to join us there.
Our objective is that this issue of MHI Solutions helps provide the information and resources you need to address risk, transform your supply chain and improve overall business performance.
Read the full issue of MHI Solutions.
