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Supply Chain Volatility: The New Norm

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Brian Fuller
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Re:
Brian Fuller   3/10/2013 3:20:18 PM
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@prabhakar, great insights as always. Here's my question for you: Yes, the human element is important in understanding and reacting to supply chain volatiliry, but often the human element is based on "gut instinct" rather than data (or chooses to minimize what the data tell us).

How do you balance the two? (sometimes we ignore the data at our peril).

 

 

prabhakar_deosthali
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Supply Network Guru
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prabhakar_deosthali   3/9/2013 11:40:04 PM
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As has been rightly said, the supply chain volatility is the result of the globalization of the supply chain so much so that each and every event in any corner of the world is likely to affect your company's supply chain - be it a workers strike in a factory in China , or an embargo on a nation based on its nuclear warfare or a terrorist activity disrupting normal life somewhere, a flood or cyclone - you name it and it has some or the other effect.

To keep one's supply chain moving in an orderly fashion has surely become an herculean task but at the same the global connectivity and associated tools are there to help you maneuver your supply chain in such troubled waters.

This also underlines the importance the human decision making in the supply chain context to mitigate the risks, in my opinion.

Brian Fuller
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Volatility indeed
Brian Fuller   3/8/2013 5:54:06 PM
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Gerry, great post and thank you. 

Volatility is certainly the watchword for these times, and I think we all secretly realize it IS the new norm and not just a product of these last several sluggish/lousy/unsettling economic years. 

I hope you'll share with us your experiences at the China summit!

 



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