The Global Corona pandemic presents tremendous challenges to the company, health of the colleagues, interrupted value chains, shutdown activities, reduced demand. The issue now is, what can be done from origins, an output, and a supply chain viewpoint in the short and medium-term during the crisis management process. Right now business leaders are Go all out for solving the challenges required to keep the business as stable as possible. Making strategies to Maintain a strategic edge to boost market growth as markets continue to recover.
The 12th Inflection Supply chain & Logistics innovation also focused on how the supply chain and logistics should prepare to successfully respond to coronavirus disruption?
The Panel Discussion Kick-Started with Mohit Jauhari, Head SCM, Shriram Pistons and Rings
The panelists represented BrishBhan (UBER), Tapaswi PVN (Henkel Adhesives), Saurabh Gupta (AkzoNobel), Pratap S Chauhan (Trident), Sameer Gupta (JK Tyres), Amit Saluja (NASSCOM).- Mr. Jauhari began talking about the issues that we and the business encountered in the scenario and its obstacles.
He outlined four major challenges.
- Complexity Challenge
- Risk Challenge
- Flexibility Challenge
- Talent Challenge
Continuing to speak about it and what steps are required to create resilience and reshape the performance.
- Sameer Gupta made a point that not only small but big companies are also affecting as they have resources located in a single place. As the market is too far from their inventory label. He suggested that:-
- We have to optimize the cost and should have backup capacity
- Redesigning of the secondary sources
- Technology use in the supply chain
- Focus on Business Forecasting
- Mr. BrishBhan speaks about how should we plan to handle the variability in demand.
At this point when the government has restricted everything and so mainly in the transportation sector. Then in this scenario, the main key role is Market Insights. What people need and what we can serve them according to the current situation?
- Amit Saluza describes the whole thing with the term VUCAi.e
Volatility, Uncertainty, Complexity, and Ambiguity. These are the four kinds of parameter that describes overall.
- According to TapaswiPVN Covid is across the market but to overcome this we have to challenge cost and pricing. Analyze the demand and supply and target at least 40-50% cost reduction is necessary.
- Saurabh Gupta and Pratap S Chauhan shared a point that as prior the organizations were shaping up in a very different way as compared to Today. Small Organizations will get a better opportunity for growth now. How the firm is getting impacted on account of the mass labor and what actions should be planned to take counter that too much is the concerned matter now?
Finally, this webinar is ended with the India’s most prestigious award ceremony where the top Industry leaders of India got awarded.