Supply Chain Resilience 2021
In association with The Times, Raconteur has recently published a very insightful report, entitled Supply Chain Resilience 2021. It covers many interesting stories. For example, the report urges us to rethink just-in-time ordering, because “the global semiconductor shortage has highlighted the pitfalls of procuring parts right at the moment they’re needed”. Another interesting article in the report asks what the supply chain industry can learn from the Greensill Capital collapse: “Greensill Capital, the ill-fated provider of supply chain finance, claimed to be offering vital support for hard-pressed small firms, but is SCF all that good for SMEs?” A third article I would like to highlight is about net-zero logistics: “The decarbonisation of supply chains is as critical to [a country’s] net-zero ambitions as it is difficult to achieve, but innovations are emerging to address the problem areas of air freight, shipping and road haulage.” Much of the report is in line with my own view of resilience.