Resilience is the capacity to withstand or recover quickly from difficulties.. While this word has been associated with Supply Chain for the past few decades, businesses seem to have only started to take notice of the term “Supply Chain Resilience” after a few international disruptions..
Starting with the earthquake and tsunami in Japan in 2011 and continuing with the US/China trade wars in the late 2010s, the term gained more popularity once COVID-19 hit..
With the increase in e-commerce and fast-changing consumer trends, more and more businesses are looking to create resilient supply chains..
Successful businesses depend on an efficient, flexible, transparent, and resilient supply chain to navigate disruptions, remain competitive, and meet consumer demand..
Two of the key ingredients for a truly resilient supply chain are “Collaboration” and “Visibility”.. Collaboration in supply chain is enhanced through visibility enabled by data sharing and standards..
Lack of visibility into supply chain is a common problem cited by cargo owners.. As per DCSA’s State of the Industry Report 2024 which provides insights on digital evolution in container shipping, 41% of cargo owners see supply chain visibility and access to real-time data as top operational priorities..
Data standards form the foundation that makes visibility and connectivity possible as it ensures that all parties in the supply chain can exchange information in a common language.. Without standards, even the best and most connected systems will struggle to communicate effectively..
The saying “If you can’t see it, you can’t manage it” perfectly captures the essence of modern supply chain challenges..
This is going to be the key topic in a panel discussion titled “Enhancing Supply Chain Collaboration through Visibility” on the 15th of October – 09:00 ET and 14:00 BST..
I will be moderating an expert panel consisting of
- Fraser Robinson, Co-Founder & CEO, Beacon
- James Hookham, Director, Global Shippers Forum
- Kshitij Parashar, Program Lead Track & Trace/ Cargo Visibility, DCSA
The panel will explore how visibility, along with supply chain connectivity and data standards, enables supply chain resilience and drives digital transformation..
Don’t miss out – Register here or by clicking the button below..
