11:00 – 11:30
How resilient are your Supply Chains?
Resilience vs. Efficiency vs. Redundancy
For years, companies have been busy eliminating redundancies in sourcing to reduce costs and increase efficiency. During the global pandemic however, companies with redundant and diversified supply chains were able to deal better with supply chain disruptions than their streamlined competitors. Is this a paradigm shift? Is resilience a combination of efficiency and redundancy, or a completely different animal?
Discuss with logistics experts and political officials how a nation’s lifeline – its supply chains – can be prepared to better deal with external shocks.