As a business leader, you have had to deal with numerous challenges in recent years: the Covid-19 pandemic, criminal cyberattacks, extreme weather events, geopolitical tensions, and more. Now you can add inflation woes to your list of potential challenges. Shifting Central Bank Priorities In the 2010s, inflation in major economies was largely at historically low…
Summery: Massachusetts-based Shawmut scrambled to expand production to meet the soaring demand for N95 masks and hospital gowns during the pandemic. Its experiences illustrates a crucial point that policymakers should take to heart: Once a country loses its industrial commons points — the capabilities needed to support the development and production of many goods — restoring…
(Reuters) – Toyota may have pioneered the just-in-time manufacturing strategy but when it comes to chips, its decision to stockpile what have become key components in cars goes back a decade to the Fukushima disaster. After the catastrophe severed Toyota’s supply chains on March 11, 2011, the world’s biggest automaker realised the lead-time for semiconductors…
Recorded: November 15, 2020 About the podcast In our last podcast, “Supply Chains in a VUCA World”, Ron and Joseph shared the risks to supply chains in a world that is not settled and predictable (and probably will never really be). Under such circumstances, what are some of the countermeasures that can be deployed by…
Supply chain leaders can evaluate the capabilities from this Hype Cycle to make strategic decisions on pilot projects and investments. In this year of uncertainty and disruption, supply chain leaders must strive to balance a focus on foundational capabilities with the pursuit of innovation. Organizations that set the base for their success now will be…