Just-in-case inventory management has really swung in a lot of industries to just-in-time , and there is a real nuance between those two positions
Resilience is key
“ It requires broad forward-thinking by supply chain leaders in terms of settling on the regions they want to be in and in what capacity . One of the big things we are seeing is how to go about building redundancy and resiliency without a massive cost outlay .
“ Just-in-case inventory management has really swung in a lot of industries to just-intime , and there is a real nuance between those two positions . On top of that , from cyber-attacks hitting critical infrastructure to weather-related disruption , resilience is key .
“ In terms of regionalization of the supply chain , there will be some areas that are essentially going to be written off by quite a lot of businesses , with capital unlikely to be invested for a long time . Regionalization though , is really dependent on access to resources and skills . Some resources are only available in certain locations . While it ’ s possible to regionalize some parts of the supply chain , there will always be constraints . I suspect , in reality , what will happen is there ’ ll still continue to be a reasonable amount of investment in those regions close to natural resources . In terms of sustainability , there is a natural tension between localizing supply chains and having to source from the other side of the globe . From a carbon emissions perspective , there will always be trade-offs .”
Phil ’ s motivation , and his reason for founding 7bridges , has always been about building a platform focused on an outcome-driven supply chain .
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