Use Scenario Planning to Build Supply Chain Resilience

On Monday, August 24, leading research and advisory company Gartner, hosted a webinar titled, “Use Scenario Planning to Build Supply Chain Resilience” Gartner Senior Analyst, Kamala Raman led the discussion, which focused on how companies can design supply chain networks to balance conflicting objectives. Ms. Raman described how companies have always invested in improving resiliency and mitigating risk in their supply chains, however she noted that most investments in these areas have been made in silos. Ms. Raman underscored the idea that immense global uncertainty should not deter companies from more robust forms of planning. 

Ms. Raman described how companies should consider adapting their supply chain networks. While globalization has increased efficiency, even before COVID-19 companies had started to shift to more regional supply chains due to changing tradeoffs between speed and service relative to cost. The trend towards regionalization of supply chains can be attributed to the realization that inflexible global supply chains are not ideal in terms of a company’s ability to respond to the needs of its customers. Additionally, as the cost gap between China and alternative manufacturing locations in emerging market diminishes, the idea of diversifying manufacturing centers has become an attractive option.  

According to Ms. Raman, there is a growing need for flexibility, agility, sustainability and resiliency in supply chains as the world continues to face shocks and disruptions like COVID-19. While companies continue to navigate the COVID-19 trade landscape, they must consider a range of scenarios and actions in order to best protect their interests and business objectives. 

More Posts

Coworkers collaborating at a meeting

Driving Company-Wide CTPAT Awareness

For most companies, the 12 Minimum Security Criteria (MSC) sections touch various departments, so making compliance a team effort is vital. The first step is to ensure that all key employees are aware of CTPAT requirements by having them participate in compliance efforts on a regular basis.

Webinar Replay | Future-Proofing Your CTPAT Ecosystem

On December 8, CT Strategies hosted the Future-Proofing Your CTPAT Ecosystem webinar. The purpose of the webinar was to provide information and advice on how to cultivate an internal CTPAT compliance ecosystem for long-term success at home and abroad.

10 Tips to Tackle Counterfeit Goods This Holiday Season

With 10 tips, the U.S. Chamber of Commerce, in partnership with U.S. Customs and Border Protection (CBP) and others, raises awareness this holiday shopping season by warning shoppers about the dangers of counterfeit goods, as well as how to avoid scams.

CTPAT Webinar | Future-Proofing Your Compliance Ecosystem

For global logistics and trade compliance professionals, 2022 has been the year of significant changes, and CBP is keeping us on our toes as secure trade becomes an even greater focus across companies and customs organizations worldwide. As a business, your goal is to keep goods moving seamlessly, which is why it’s more important now than ever to understand how changes to the program will affect operations across your enterprise.

This website uses cookies to ensure you get the best experience on our website.