Businesses need to lead ‘transformational change’ in order to tackle the most urgent threats facing the planet and its people, including a radical overhaul of supply chains… We must work together, because the engine of global business – its supply chain – is broken, and requires transformational, cross-industry collaboration to fix it,” Grant F. Reid, CEO Mars Company.
Based on the above predictive statement before the advent of current pandemic situation, you are asked to choose a sector/industry (e.g., food, technology, healthcare, retail, services, automotive), and critically:
i. Discuss the supply chain visibility and agility, i.e., the ability of companies in the chosen sector/industry to build and manage more cost-effective, efficient, responsible and customer-focused supply chains given the disruption caused by COVID-19.
ii. Identify both internal and external COVID-19 risks for the companies in the sector/industry and discuss how the companies build supply chain resilience to quantify and rebalance those risks by emphasising cross-industry collaboration.
iii. Discuss how state-of-the-art technologies and/or new forms of supply chains (e.g., Additive Manufacturing, Big Data analytics, Internet of Things, Omnichannel, blockchain) help companies within the chosen sector to tackle those urgent supply chain threats and remain competitive during and after the pandemic. For more details pls see attached file
