Episode 1: Supply Chain and Scenario Planning in an Era of Uncertainty

JOIN US FOR THE FIRST IN A SERIES OF BI-WEEKLY PODCASTS WHERE BOB HESS, VICE CHAIRMAN OF GLOBAL STRATEGY AT NEWMARK KNIGHT FRANK, SPEAKS WITH SUPPLY CHAIN EXPERTS LIKE JOHN EVANS, THE MANAGING DIRECTOR & CO-FOUNDER OF TRACTUS ASIA.

They discuss current events and impacts on the global supply chain and corporate location strategies in the time of COVID-19. This week, Mr. Evans and Mr. Hess discussed the extenuating shocks to factors of the supply chain such as labor, tariffs, and shipping. These interruptions are encouraging companies to change strategy, such as by moving their manufacturing locations. Crisis management and forward thinking are of utmost importance for companies to strategize around right now.

Supply chain risk management has become a pressing issue in many businesses and is often necessary for business continuity in the uncertain times we find ourselves in. The presentation on supply chain scenario planning helps businesses to understand how important proactive thinking is in moments of uncertainty.

Integrated business planning in local and global supply chains requires crisis management strategies if businesses want to maintain a competitive advantage. The COVID 19 pandemic is only one example of why risk management is so important and how quickly demand scenarios can change among consumers.

Due to new restrictions in supply chain management, some businesses might want to change their operation locations to avoid stringent regulations. This creates potential risks in terms of local economies and the exportation of raw materials. Future opportunities could, therefore, lie in emerging markets run by external businesses.

While demand patterns continue to change, scenario planning remains essential. We will take a closer look at what it takes to develop scenarios and strategies to mitigate this. We will also explore potential risks and different scenarios that may impact the supply chain further. Join us to stay ahead of the curve with information on supply chain scenarios.