Supply Chain Disruption – Thematic Intelligence
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A supply chain comprises the activities and processes that organizations perform to manufacture and deliver goods and services to consumers. Supply chain disruption occurs when these processes are compromised. The global supply chains organized to optimize profit and speed for over two decades were flipped upside down by the COVID-19 pandemic. Companies had to adopt a just-in-case strategy for their supply chains where hoarding inventory offered a safety net for unforeseen supply chain disruptions.
Supply Chain Disruption – Core Routes and Respective Choke Points
Core routes support the most important commercial shipping flows that service major markets, and secondary routes are mostly connectors between smaller markets. Choke points are specific locations that play a strategic role in supply chain networks due to geography, geopolitics, and trade flows. They can be classified into two main categories: primary choke points and secondary choke points.
Supply Chain Core Routes and Choke Points
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Supply Chain Management (SCM) – Key Solutions
The key solutions to overcome supply chain disruptions are advanced data analytics, alternative energy sources, digital twins, factory floor digitalization, reshoring, nearshoring, and friendshoring, recycling, social media, and synthetics.
Advanced data analytics: Key technologies such as artificial intelligence (AI), internet of things (IoT), and blockchain among others can provide insights into the supply chain health and performance of companies.
Alternative energy sources: Local alternative energy sources will reduce reliance on external countries for power.
Digital Twins: Supply chain managers can use digital twins to identify risks early and model solutions after monitoring all aspects of the value chain in real time.
Scope
Reworking supply chains is complex and expensive, with no quick fixes. Slowing growth and increasing conflict are making companies' operating environments riskier, more complex, and costlier. To improve supply chain resilience, companies should prioritize safety and reliability over profit by relocating production closer to home, diversifying their supply chain, digitalizing their networks, and adopting a circular economy model.
Key Highlights
Slowing growth and increasing conflict are making companies' operating environments riskier, more complex, and costlier. To improve supply chain resilience, companies should prioritize safety and reliability over profit by relocating production closer to home, diversifying their supply chain, digitalizing their networks, and adopting a circular economy model.
In the aftermath of the pandemic, many companies have reverted to a just-in-time strategy, as high interest rates make it more expensive for companies to carry large inventories. Recent global challenges, including the US-China trade war and the Ukraine conflict, alongside the growing impact of climate change, will force companies to rework supply chains and decouple from non-geopolitically aligned regions.
China dominates global supply chains, from raw materials to end products. So, despite the billions of dollars in government aid directed towards reshoring supply chains, there is unlikely to be a complete decoupling of supply chains from China in the foreseeable future. That said, some nearshoring and friendshoring locations in Latin America and Southeast Asia can help companies decouple from China while keeping production costs low.
Reasons to Buy
Understand the impact of supply chain disruptions on the global economy.
Identify how leading companies are adapting to supply chain risks.
Learn about the global challenges increasing the frequency of supply chain disruptions.
Apple
ASE
ASML
Avery Dennison
Bosch
BYD
CemAI
Contemporary Amperex Technology (CATL)
CropX
Foxconn
Ginkgo Bioworks
Goertek
Infineon
Intel
Jabil
Micron
Oracle
Stellantis
Systech
Tecsys
Tesla
TSMC
Vendanta
Volkswagen
Xpeng
Table of Contents
Frequently asked questions
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What are the key solutions to overcome supply chain disruptions?
The key solutions to overcome supply chain disruptions are advanced data analytics, alternative energy sources, digital twins, factory floor digitalization, reshoring, nearshoring, and friendshoring, recycling, social media, and synthetics.
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Which are the key players offering SCM solutions?
The key players offering SCM solutions are IBM, Microsoft, Amazon, Alphabet, Apple, Bentley Systems, Dassault Systèmes, and SAP among others.
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Which companies are the leading adopters of SCM solutions?
The key adopters of SCM solutions are ABB, Amazon, Alibaba, NextEra Energy, KUKA, Universal Robots, Impossible Foods, Bolt Threads, and Carbios among others.
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