CEL Zoom Talk: SUPPLY CHAIN RESILIENCE
Time & Location
About The Event
This event has taken place. To watch the video recording, please click HERE.RESILIENT CHARACTERISTICS TO BE A COMMON FUTURE OF GLOBAL SUPPLY CHAIN
The global supply chain in 2020-21 has experienced dramatic shocks including Covid-19 pandemic, prolonged vaccine delivery lead time, container shortage, Suez canal incident, international trade conflicts and who knows what more.
In May, experts from MNEs and SMEs operating in a wide range of industries including FMCG, agriculture, pharmacy and air cargo service, joined CEL’s roundtable discussion on remedies that can make the supply chain of firms survive through severe shocks.
Increasing trends of these days reunite into one common term so-called Resilience. The roundtable session addressed two aspects: how resilience can be defined with different angles of managers in different businesses, and practices that are implemented by our guest speakers’ companies. According to Ms. Le, resilience can be understood as the flexibility to adapt to crises and the readiness of human resources and systems to catch up with those adaptation measures. At Sanofi, a practical measure is proactive scheduling for staff working in warehouses or factories in order to adapt with daily changes caused by Covid-19 waves.
Mr. Tuan from BUNGE Vietnam shared his experience in how agricultural production survives during Covid. Advanced analytics must be conducted to quantify days of impacts during lost production and risks in case a shock happens, then what various possible options can be to minimise the risks along with keeping minimum stock.
With an angle of a MNE logistics sector from Nestle, Mr. Kien raised that resilience is a quantitative ability to prepare for events and how to react to potential disruption. Practical actions implemented in his organisation include reviewing materials quickly and sharing BCP (Business Continuity Plan) transparently with their suppliers and customers. Maintaining trust among the loop and requiring suppliers to define if they have risks are critical actions to keep business on the go.
Mr. Chris works in providing value-added services of fresh products for multiple airlines and has experience in the vaccination campaign with ADB. According to him, firms need to utilise every single piece of the business network to facilitate shipment and overcome the tremendous price rise of shipping containers. Working together is the key to tackle upcoming challenges.
CEL would like to express our thanks to the speakers Ms. Le Lam (Indochina Supply Chain Head, Sanofi Vietnam), Mr. Kien Ly (Group Logistics Manager, Nestle Vietnam), Mr. Chris Catto-Smith (Director at Fresh Ports, and the Advisor of Vietnam Supply Chain), Mr. Tuan Le Minh (Logistics & Operations Manager, Vietnam Agribusiness Ltd. - BUNGE).