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Live Chat 9/25: Minimizing Risk in the Global Supply Chain

169 comments on “Live Chat 9/25: Minimizing Risk in the Global Supply Chain

  1. Daniel
    September 25, 2014

    Hi all

  2. Daniel
    September 25, 2014

    Hope this will be an interesting section

  3. Hailey Lynne McKeefry
    September 25, 2014

    @Jacob, I hope you can make it…we'll be starting in about 90 minutes.

  4. Hailey Lynne McKeefry
    September 25, 2014

    Feel free to post questions or thoughts ahead of time.

  5. Hailey Lynne McKeefry
    September 25, 2014

    We should be getting started at the top of the hour, as soon as our guests arrive.  First, though, there are two housekeeping notes:

  6. Hailey Lynne McKeefry
    September 25, 2014

    First, please make a copy of your post before hitting the “post” button – just in case.  If the system “eats” one of your carefully crafted thoughts, please hit “Ctrl-Z” to recover it

     

  7. Hailey Lynne McKeefry
    September 25, 2014

    This will be a fun, fast, and friendly conversation, so please do not hold back with your comments or questions.  There are no dumb questions and we value everyone's point of view.

  8. Hailey Lynne McKeefry
    September 25, 2014

    Second, if you have problems posting, we suggest trying a different browser.  IE9 is a popular choice, but sometimes find Firefox, Chrome, or Safari work better.

  9. Hailey Lynne McKeefry
    September 25, 2014

    Questions, theories, ideas, real world experiences and even friendly rants are welcome here.

     

  10. Hailey Lynne McKeefry
    September 25, 2014

    As you arrive, please introduce yourself so we can offer words of welcome, and offer you a seat as well as a bit of EBN's famous virtual guacamole and chips.

  11. Dave Bowen_Xchanging
    September 25, 2014

    Hi Hailey, Dave is online

  12. Hailey Lynne McKeefry
    September 25, 2014

    Welcome, Dave…Glad you could be here. I'm looking forward to our discussion.

  13. Dave Bowen_Xchanging
    September 25, 2014

    Thank you Hailey, I too am looking forward to it!

     

  14. JimOReilly
    September 25, 2014

    Hi Dave, Hailey

  15. Hailey Lynne McKeefry
    September 25, 2014

    Hey everyone, we'll be getting started in about five minutes. Our guest today is Dave Bowen, CEO of MarketMaker 4. MarketMaker4 has extensive experience in e-procurement, online auctions, market intelligence, strategic sourcing, and supply chain consulting. We are talking about global and corporate risk.

  16. Hailey Lynne McKeefry
    September 25, 2014

    Hey Jim, so glad you could be with us! Pull up a chair… the guacamole is on the table to your left, so help yourself. 🙂

  17. JimOReilly
    September 25, 2014

    I brought margueritas!

  18. Dave Bowen_Xchanging
    September 25, 2014

    Now it's a party. 🙂

  19. Hailey Lynne McKeefry
    September 25, 2014

    I know i can always count on you, Jim.

  20. Hailey Lynne McKeefry
    September 25, 2014

    Dave, can you get the ball rolling by telling us a little bit about how you see the state of the electronics supply chain in terms of using technology. Is it still early days? Are people hanging on to their spreadsheets or have we hit mainstream?

  21. Susan Fourtané
    September 25, 2014

    Hello, everyone. I could make it, but maybe can't stay until the end. Let's see. :/ 

  22. JimOReilly
    September 25, 2014

    When the chat service upgrades can we get mariachi music in the background. That'd be cool!

  23. Hailey Lynne McKeefry
    September 25, 2014

    Hi Susan. Glad you could make it… I know it's late for you!

  24. Dave Bowen_Xchanging
    September 25, 2014

    I would say that the electronics supply chain industry (when it comes to using technology) continues to mature at a faster pace than most other industries.

  25. Susan Fourtané
    September 25, 2014

    I brought tea and English scones for those who prefer a non-alcoholic option. 😀

  26. Hailey Lynne McKeefry
    September 25, 2014

    @Jim, I'll put mariachi and maybe a pinata on the upgrade list.

  27. JimOReilly
    September 25, 2014

    Dave, what specifically are electronics companies doing?

  28. Hailey Lynne McKeefry
    September 25, 2014

    @Dave, that's surprising to me… I would have guessed that such a mature industry might be slower in the adoption curve. What do you think is driving that?

     

  29. Susan Fourtané
    September 25, 2014

    @Haley, thanks. Let's say I am having dinner with you, guys, today. 

  30. apek
    September 25, 2014

    @Hello

  31. Dave Bowen_Xchanging
    September 25, 2014

    For example we are seeing a healthy amount of technology deployed around negotiating with suppliers on production materials. We are also seeing a tremendous amount of demand for technology enabled solutions to aide in the thorough qualification of suppliers, the retention of supplier IP, and so forth.

  32. Dave Bowen_Xchanging
    September 25, 2014

    In my opinion, the key factor driving this is a ever-growing recognition of the importance of supply chain secruity on a global scale.

     

  33. apek
    September 25, 2014

    Dave…I have a question…with increasing multi-polr world, how do you see MNCs adjusting with geo-politics when it comes to managing supply chains.

  34. kdawson
    September 25, 2014

    What kind of technolpgy helps to qualify suppliers? I'm not seeing that…

  35. Hailey Lynne McKeefry
    September 25, 2014

    Hi Apek, glad to see you could make it…I'm sure you've got questions on this topic!

  36. JimOReilly
    September 25, 2014

    Dave, qualification has always been a major cost…Are we moving towards central clearing houses for establishing a company's quality level

  37. Dave Bowen_Xchanging
    September 25, 2014

    Knowing your vendors… Understanding their respective supply chains, is now critical when we begin to factor in geo-political risks, increasing labor rates in China,  etc.

  38. Susan Fourtané
    September 25, 2014

    @Dave, as @Hailey said, I am surprised about that, too. To me, the electronics SC seems to be a little slower in adoption when it comes to certain technologies. 

  39. Susan Fourtané
    September 25, 2014

    @apek, hello!

  40. Hailey Lynne McKeefry
    September 25, 2014

    Welcome, Keith.. help yourself to a chair and some refreshments. Dave is ready to answer all our questions. 

  41. Susan Fourtané
    September 25, 2014

    @kdawson! Yay! Hello! 🙂 

  42. kdawson
    September 25, 2014

    & hello Susan, long time no chat.

  43. Dave Bowen_Xchanging
    September 25, 2014

    We are seeing a healthy demand from MNCs across a wide variety of industries (certainly including electronics) for solutions that help track everything from relevant news, labor rates, market indicator trends, predictive analytics and more.

  44. JimOReilly
    September 25, 2014

    Are we trending to shorter supply chains…higher agility, samller inventory, lower mix risk ..overall lower cost?

  45. apek
    September 25, 2014

    @Hailey. Thanks.

    @Dave…I have questions about protection of Intelletual Property in this multi-polar world. Can MNCs be able to really influence US laws on LLCs and protect IP of US businesses. I really do not think this is feasible and some facts are staggerign especially w.r.t. introduction of counterfeit electronics into supply chains.

  46. Rodney Brown
    September 25, 2014

    Howdy folks. @Dave, is it possible to talk about handling corporate risks and geo-political risks at the same time? They seem worlds apart (aside fromt he fact they both affect a company).

  47. Susan Fourtané
    September 25, 2014

    @kdawson: Indeed. Super nice to see you here. 

  48. Hailey Lynne McKeefry
    September 25, 2014

    What are the benefits that these electronics organizations are tryting to capture around risk management?

     

  49. Susan Fourtané
    September 25, 2014

    @Dave, then it means more customer centric, right? 

  50. Susan Fourtané
    September 25, 2014

    @Rodney, hello! 🙂

  51. Scott Ferguson
    September 25, 2014

    Hi Everyone

  52. Susan Fourtané
    September 25, 2014

    @Rodney, hello! 🙂 monster monster, what have you done with my post? 🙁

  53. Hailey Lynne McKeefry
    September 25, 2014

    WElcome scott

     

  54. Susan Fourtané
    September 25, 2014

    Hello, @Scott! 🙂

  55. Dave Bowen_Xchanging
    September 25, 2014

    Yes, tailored customer solutions are where we see the most demand right now. Think of it in terms of aggregating risk indicators from multiple sources around the world. In other words, the problem isnt the availability of news, its ensuring access to the most relevant news. 

  56. Hailey Lynne McKeefry
    September 25, 2014

    And Rodney! I didn't see you there in teh corner.

  57. JimOReilly
    September 25, 2014

    Customer-centric to me implies a short and felxible supply chain, which implies more extensive on-shoring of assembly and/or configuration

  58. apek
    September 25, 2014

    Hi Scott

  59. Rodney Brown
    September 25, 2014

    Howdy Susan. Yeah, I hate when the word-hungry chat gnome eats my posts too.

  60. Scott Ferguson
    September 25, 2014

    I have a question for the guest: Considering the state of affairs in the world right now with conflict in Eastern Europe and the Middle East. How is that affecting supply chains around the globe. If we're all connected then it must be showing up somewhere. 

  61. Rodney Brown
    September 25, 2014

    Hey Hailey. I lurk well.

  62. Susan Fourtané
    September 25, 2014

    @Hailey, and for those on Macs, instead of Ctl+Z for recovering a post as PC users do, it's Cmd Z for Mac users.

  63. JimOReilly
    September 25, 2014

    Will 3D printing impact the electronics industry

  64. apek
    September 25, 2014

    Customer centric supply chains need to cater to local economies and should have autonomous decision making at local level. Hence, I think MNCs should transition from centralized supply chains to a more decentralized one to achieve that goal

  65. Dave Bowen_Xchanging
    September 25, 2014

    Rodney, while I think its possible to discuss corporate and geo-political risk at the same time, technology solutions need to ensure that they offer DEEP answers to both. On one hand, there is a level of predictive intelligence (certainly on the geo-political front) that a MNC should expect from a provider. When it comes to corporate risk, the demand lies more in the bespoke data points relating to suppliers, government requirements, and audit worth data retention.

  66. Susan Fourtané
    September 25, 2014

    @Jim, Yes, SCs' tendency is to be/become more customer centric, shorter SCs, and more focused. 

  67. Hailey Lynne McKeefry
    September 25, 2014

    @Susan thanks for the tip. I'm a Mac person too.

  68. JimOReilly
    September 25, 2014

    China is awakening from a long slumber. With the Dragon flexing muscle in the China Sea area, will trade barriers be a risk issue in the next few years?

  69. Dave Bowen_Xchanging
    September 25, 2014

    Scott, supply chains are being forced to adapt to growing unrest and geo-poilitical uncertainty. For example, one of our clients is the largest retailer in Russia and has been forced to identify, qualify and onboard vendors from Asia/S America for the first time in their history due to recent embargos levied on US & W Europe goods/produce. How do they find these suppliers? How do they ensure these suppliers are capable of meeting their demands?

  70. apek
    September 25, 2014

    @Dave..please elaborate on Predictive intelligence

  71. Dave Bowen_Xchanging
    September 25, 2014

    Jim, great question. The biggest trend we see right now around China is directly related to labor rates. In the last 6 months the number of inbound requests we've had to help MNC create “CHINA+1” strategies has quadrupled.

  72. Susan Fourtané
    September 25, 2014

    @Scott: That's a great question. I am pretty sure it affects globally. Let's see what @Dave says … 

  73. Hailey Lynne McKeefry
    September 25, 2014

    @Jim, i was at the designer of things conference earlier this week and i saw 3D printed shoes and early days on fabrics. Cool stuff.

  74. Rodney Brown
    September 25, 2014

    Thanks @Dave. It just seems like all a company can do geo-politically is have a good insurance provider and a good news feed. Much more actionable corporate data.

  75. Susan Fourtané
    September 25, 2014

    @Rodney, Yep. Not that I was calling you “monster” 😀

  76. Scott Ferguson
    September 25, 2014

    @Dave: Thanks.

  77. Hailey Lynne McKeefry
    September 25, 2014

    China + 1 as a strategy makes sense, but i can also believe it makes things more complex.

  78. Susan Fourtané
    September 25, 2014

    @Jim, No doubt about it. 3D printing is already impacting the electronics industry. And much more to come with all the newest nanotech advancement. Super interesting applications we are going to see in the near future. 

  79. Dave Bowen_Xchanging
    September 25, 2014

    Apek, sorry forgot to clarify on that as I am typing as fast as possible :). One example of predictive intelligence takes initial analysis of commodities (take PCB materials for example – tantalum, etc) and tracks both the underlying trends of the commodity itself while cross-referencing ITAR and geo-political trends that may impact the supply chain (including availability) beyond merely commodity prices

  80. JimOReilly
    September 25, 2014

    Oil and gas are changing global pacts considerably. The US is no longer dependant on Middle-East oil, which eases constraints on policy there, while China is exposed by being oil-poor. Russia is playing the gas card, and much of the EU fell for the green energy scam, leaving Europe on a limb, while Russia has 5+ years of major revenue loss if they cut back supplies. It will take that long before China comes on-stream as a customer for Siberian gas.

  81. Hailey Lynne McKeefry
    September 25, 2014

    Organizations are also concered about corporate risk. Is that concern more intnese than it seems to have been in the past?

  82. Dave Bowen_Xchanging
    September 25, 2014

    Hailey, thanks for the note. China+1 may make things more complex initially but when it comes to mitigating long term supply chain risk in Asia, the long-term rewards certainly out-weigh the challenges in many cases.

  83. Rodney Brown
    September 25, 2014

    @Dave, OK, I modify my response based on your reply to Apek. That's is a good point about materials supply.

  84. apek
    September 25, 2014

    @Dave…Thanks. So….how can supply chains hep in reducing thebhumanitarian also now geo-political crisis in Congo?

  85. Dave Bowen_Xchanging
    September 25, 2014

    Hailey, in this era of information overload, corporate risk receives far more focus (intensity) as the infraction of gov regulation, child labor, conflict minerals and other “hot” topics can effect shareholder value immediately. 

  86. Ashu001
    September 25, 2014

    Does the Congo have a massive Electronics Supplier Base established today?

  87. JimOReilly
    September 25, 2014

    apek, Ebola is a disaster..handled poorly, partly because the disease may have evolved to infect faster. Local political turmoil hasn't helped

  88. Ashu001
    September 25, 2014

    Is it fair to say we don't really know(even today) what really causes Ebola?

  89. Hailey Lynne McKeefry
    September 25, 2014

    what sort of investment do organizations need to capture the benefits around measuring and addressing risk with a technology solution? What do you see as the stumbling blocks?

  90. apek
    September 25, 2014

    @jim…agreed

  91. Hailey Lynne McKeefry
    September 25, 2014

    Boy the message here is that everything (oil, ebola, conflict minerals, etc) affects everything.

  92. Dave Bowen_Xchanging
    September 25, 2014

    Jim I completely agree with your point re oil & gas and certainly this should not be overlooked by any MNC as they seek to secure/de-risk their global supply chain. There are multiple factors at play here though. Keep in mind China's focus over the last 10 years in stockpiling other precious minerals in order to combat the relative reliance on foreign sources for oil.

  93. JimOReilly
    September 25, 2014

    China has become very cozy with Iran, and is building out new oilfields with them….Is this the next Gulf crisis in the making?

  94. Rodney Brown
    September 25, 2014

    @tech4people, I'm pretty sure we know what virus causes Ebola. The issue in West Africa is a medical resource one, not lack of core knowledge.

  95. Hailey Lynne McKeefry
    September 25, 2014

    Hi Tech4People. Glad you could stop by. welcome!

     

  96. apek
    September 25, 2014

    @Hailey..spot on. now…i wanted to check with ave whether he agrees that strong local economy in can solve geo-poltical and supply chain problems

  97. Dave Bowen_Xchanging
    September 25, 2014

    Hailey, to address your question re stumbling blocks, I think the key metric to determine the viability of investments is RELEVANCE. if a technology provider can demonstrate the accessability of aggregated relevant data – you may want to pursue further. Without a clearly demonstrated ability to customize intelligence however, an MNC should take pause.

  98. Hailey Lynne McKeefry
    September 25, 2014

    @Dave, how does an organization determine relevance? Is it trial and error? Any tips?

  99. apek
    September 25, 2014

    @Dave…Do you agree that when there is a strong local economy…then there is more control of local people on domestic supply chains and it also helps create more domestic jobs and financial stability in regions. Additionally, when local economy is robust..it is immune to Geo-political tensions.

  100. Dave Bowen_Xchanging
    September 25, 2014

    Jim, great point (again). Parking battleships in an Iranian port was quite a statement. While I don't feel as though a crisis sits on the horizon, I do think China realizes it needs to develop its relationships in other parts of the world. Another more pertinent example is China's development/investment in Africa.

  101. Ashu001
    September 25, 2014

    @Apek-When there is a strong LOcal Economy the need for Exports and Imports(as well as Outside Expertise is limited).

  102. Rodney Brown
    September 25, 2014

    @Dave, I think Hailey's point about complexity is a great one. How do you know what geo-political data to ignore?

  103. Hailey Lynne McKeefry
    September 25, 2014

    @Tech4People, i would argue against that. In today's quickly shifting world, there's a need to be aware of and involved globally. No one country is strong enough or expert enough to not need exports or imports.

  104. Dave Bowen_Xchanging
    September 25, 2014

    Apek, I think the more self-sufficient a particular country/region is (resources/talent/technology/infrastructure/etc), the more immune it may be. However, I would also argue that such self-sufficiency has been borne from refusing to underestimate geo-political risk and staying abreast of both the risks AND opportunities for growth globally.

  105. Ashu001
    September 25, 2014

    @Dave-Why do you feel China parking one Ship in an Iranian Port is a Big Deal?

    Iran and China have very close Business Dealings (for a long time);This Warship is just an extension of that Relationship.

    If anyone should be worried its about the Warmonger in Chief(aka USA) when you have clowns like John McCain in-charge.

     

  106. apek
    September 25, 2014

     @tech4people…why do you think so…every region in world is blessed with some resources which should be harnessed and used for local economic growth. rather than giving away local resources to developed world…if they are used they should be readily converted into finished products to create robust local economies. trade will continue as all regions of world do not have everything and they have to import what they dont have and export what is in surplus

  107. Dave Bowen_Xchanging
    September 25, 2014

    When it comes to geo-political data, I think the question is one of quality v quantity more than “what to ingore”… as we've seen in the last 6 months alone (with conflicts / unrest / embargos / and more) global MNCs need to ensure that they are getting their data from reliable sources and their technology solutions should help prevent “overload”

  108. Ashu001
    September 25, 2014

    @Hailey-Many of the More Contained Economies actually can do very well in the abscence of Exports/Imports.

     

  109. Hailey Lynne McKeefry
    September 25, 2014

    @Dave, great point about opportunity…it's the other side of risk. We tend to consider only the negative side of the equation but if an organization can spot an opportunity earlier and measure it more fully that could make a really positive difference.

     

  110. Dave Bowen_Xchanging
    September 25, 2014

    Tech4people. Good point! I thought the timing was a bit intriguing though… 🙂 However the data source I used did not provide a very balanced view and is a perfect example of the “quality” of data I just alluded to.

  111. Hailey Lynne McKeefry
    September 25, 2014

    @Tech4People, do you think that independence is sustainable over the long haul?

  112. Ashu001
    September 25, 2014

    @Apek-Fair enough.Its not neccesary to have an extensive amount of Trade going around if a country is self-Sufficient in its needs.

    Look at the way our(American/Western) Consumerism has taken hold.

    Do you REALLY need to upgrade your Phone every year?

    Do you Really need to upgrade your Car every 3-5 years?

    And so on.

    I know I am in the minority amongst my friends,etc who believes in using something until it absolutely Konks on you!

    I also pay for everything in Cash only.No Credit whatsoever.

     

  113. Dave Bowen_Xchanging
    September 25, 2014

    Hailey, I think “opportunities” is getting to the heart of the matter. Our clients use solutions every day to aid their analysis and decisions around global expansion, investment and improvement. By no means should geo-political or corporate risk solutions be solely compartmentalized as “negative”… Rather, they ensure bsuinesses of all types are able to scale and succeed in our ever-flattening world.

  114. Hailey Lynne McKeefry
    September 25, 2014

    @Dave, in a more technology vein, are organizatoins looking for best of breed solutions that they can bring together in terms of supply chain management or a fully-functional suite or platform?  There are a lot of choices out there and tight IT budgets. How can procurement and supply chain folks identify what types of tools will work best in thier organizations?

  115. Ashu001
    September 25, 2014

    @Hailey-I would argue that the rate at which we are Depleting Resources(especially Energy) today;Various Countries and Societies have no choice but to become independent today.

    Estimates from BP say that The World has Enough Oil to last barely 50 years today(at current Rates of Consumption and Production).

    So Somethings gotta Give eventually-Either Consumption Falls or Price of the Oil goes up sharply to balance Demand-Supply issues over the next 50 years.

     

  116. apek
    September 25, 2014

    @Tech4people..Glad you agree.

  117. Ashu001
    September 25, 2014

    @Dave-When it comes to Information;The World is definitely becoming more FLAT today,everywhere else Not so sure.

  118. Hailey Lynne McKeefry
    September 25, 2014

    @Tech4People, let me weigh in that not all americans are consumerist…. my car has been around as long as my youngest kid (and she's in middle school) and i'm toting an iPhone 4. (I do like my iPhone though)

  119. Dave Bowen_Xchanging
    September 25, 2014

    Great question Hailey. We are seeing organizations that are looking for best-of-breed technology solutions that combine intuitive (easy to use) U/I, customizable applications that can be tailored to meet the specific needs that a company may require and access to this information in every format (including mobile)

  120. Ashu001
    September 25, 2014

    @Hailey-You are amongst the Smart Ones.LOL!

  121. Hailey Lynne McKeefry
    September 25, 2014

    @all, we are at the three quarters of an hour mark. start thinking about any wrapup questions that are burning for you!

  122. apek
    September 25, 2014

    @Tech4people…the solution to coming crisis is a balanced economic growth. Supply and demand should grow in proportion….this is way we can achieve sustainable economies and environmental balance.

  123. Hailey Lynne McKeefry
    September 25, 2014

    @Dave, what are organizations doing to handle the need to have visibilty across the supply chain? There's no wyay, unless you are very big, that you can demand your suppliers use the same solution you do.

  124. Dave Bowen_Xchanging
    September 25, 2014

    Also keep in mind that while technology continues to improve – the availability of affordable tech solutions increases. ROIs in the 100s are commonplace with supply chain solutions – ie the payback can be extraordinary

  125. Hailey Lynne McKeefry
    September 25, 2014

    One of our top blogs today talked about the importance of procurement moving from being a cost center to being a true strategic part of the organization. This kind of technology would help in doing that.

  126. Kim Davis
    September 25, 2014

    100 percent ROIs commonplace?  Don't often hear that.

  127. Ashu001
    September 25, 2014

    @Apek-Are you following the Latest Fraud out of China?Apparently they over-stated Exports by over 10 billion Dollars to make their GDP look Bigger than it is.

    Italy ,Greece and France are past masters at those tricks.

  128. Dave Bowen_Xchanging
    September 25, 2014

    Hailey, great questions. With improved technology solutions the level of “adoption” by both clients and their suppliers/partners/vendors continues to increase. My comment earlier around U/I (user interface) is one main driver but demonstrating value to ALL users is critical. This is another metric companies may wish to deploy when evaluating solutions

  129. Susan Fourtané
    September 25, 2014

    @Tech4people, you need to upgrade your phone and your car because technology is evolving so fast that if you don't upgrade you can only do half of the things you need to do with your old technology. 

  130. Kim Davis
    September 25, 2014

    Hailey, isn't it possible to give supply partners access to your system?  Securely of course (after what happened to Home Depot).

  131. Dave Bowen_Xchanging
    September 25, 2014

    Kim, we have a client (global packaging manufacturer) who has seen 75, 100, 150X ROI over the last three years due to increased adoption around the world. Technology should be deployed to make your organization more successful, help get maximum results from your employees, etc. We see this regularly.

  132. Ashu001
    September 25, 2014

    @Susan-LOL!!! Your kidding right?

    My 2 year old phone does everything I need it to today[Make Calls,SMSes,Web Surfing,Document Editing,Videosharing,etc].

    Why should i Upgrade???

    Especially since everything is moving to the Cloud Decisively today;you actually need Less and Less Storage Space(and Memory) in-house on the Phone.

  133. Hailey Lynne McKeefry
    September 25, 2014

    @Kim, there are ways. I would say that security is one area that the supply chain falls behind (And hi Kim!! Glad you are here).  In the past, electronics OEMs used heavily siloed, home-grown systems–and so they don't think about data in the same way. ANd of course, supply chain is all about financial, corporate and design information which is highly valuable.

  134. apek
    September 25, 2014

    @Susan Fourtane…agreed. However, The benefits of technology have yet to reach majority of world population. I see a tremendous potential for progress of Mooree's law when consumer purchasing power of people is increased tremendously. ..if everyone is able to benefit from the technological growth.

  135. Hailey Lynne McKeefry
    September 25, 2014

    Those are pretty amazing numbers, Dave.

  136. Kim Davis
    September 25, 2014

    @apek Still a long way to go before everyone is benefiting.

  137. Dave Bowen_Xchanging
    September 25, 2014

    Hailey, I think the age of companies viewing supply chain/procurement as strategic has certainly arrived. We work with MNCs globally and the amount of emphasis/focus around procurement is staggering when compared with a decade ago. the CPO (chief procurement officer) is a player.

  138. apek
    September 25, 2014

    @Kim…yes…profound Macroeconomic reforms would help pave that way for benefetting the mankind

  139. Ashu001
    September 25, 2014

    @SUsan-As for Cars the less said the better.My Old beatup car gets me 30 mpg even today(its average has fallen by barely 10% since I purchased it ages ago).

  140. Dave Bowen_Xchanging
    September 25, 2014

    Apek and Susan, I love this. You're spot on. The pace at which technology is being developed now is fantastic not just for large organizations but for mid-caps, SMBs and soon.. the consumer. Business applications (including MM4 :)) focus on creating a consumer-like environment for supply chain practicioners. This trend will only continue to accelerate.

  141. Hailey Lynne McKeefry
    September 25, 2014

    Looks like we are hitting the one hour mark. Thanks so much for the full and rich conversation. We've hit a lot of cool points, but it seems like there's always more to talk about… any last questions?

  142. Susan Fourtané
    September 25, 2014

    @Tech4people: 😀 Not everyone needs to upgrade to the latest phone. It depends on what you use it for. But, if you need some apps they may only be available for the latest OS. So, it depends on many things. Now, manufacturers could release phones every 2.5 instead of every year, or every six months.

  143. apek
    September 25, 2014

    Thanks Dave, Hailey and rest EBN bloggers 🙂

  144. Hailey Lynne McKeefry
    September 25, 2014

    @susan, i wasn't able to upgrade my iPhone to the new iOS…phone was too old. 🙁

  145. Dave Bowen_Xchanging
    September 25, 2014

    I too wanted to thank everyone for such a dynamic discussion. I will stay on to answer our last questions but wanted to ensure to pass along my gratitude as well.

  146. Susan Fourtané
    September 25, 2014

    @Apek, yes, that's true. 

  147. Hailey Lynne McKeefry
    September 25, 2014

    Dave, we appreciate you taking the time to come by and talk with us. I hope you'll come again! This has been a great chat.

  148. Ashu001
    September 25, 2014

    @Susan-I would argue that's why they are losing Business and making disasters like Bendy iPhone6 Plus,Which can't even do Wi-Fi effectively.

  149. Kim Davis
    September 25, 2014

    Thanks, Dave and everyone.

  150. Ashu001
    September 25, 2014

    I had a question for folks here-I read a very condescending(&Disgusting to me personally) article in CNBC recently

    Its titled “The real Problem with Millenials”.

    Apparently because Millenials are not going into Debt enough to buy Homes ,Cars,etc they are making a foolish mistake(according to the other).

    Its a question of dumb and dumber here.Millenials now they need to extra mobile in todays economy and so they are not that rooted to Assets.What's wrong in that?

  151. Susan Fourtané
    September 25, 2014

    @Tech4people, Cars might soon fly. 😀 As for autonomous car, they are rolling on the streets in Sweden as we speak. 🙂 

  152. Hailey Lynne McKeefry
    September 25, 2014

    @Tech4People…i have to admit, i'm a Gen-Xer… so i'm not sure. I can see just from the titel why you would be offended!

  153. Ashu001
    September 25, 2014

    @Susan-LOL! It will take a while before Driverless cars are launched in my country.When it happens I will think about it.

  154. Ashu001
    September 25, 2014

    @Hailey-Please read it.Its a pathetic article.

  155. Dave Bowen_Xchanging
    September 25, 2014

    I read that article too. As an employer of 100s of millenials I would agree that the piece was misguided. It took far too simplistic a view.

  156. Susan Fourtané
    September 25, 2014

    @Tech4People: I can tell you almost everything about autonomous cars. 😀 I am almost an expert now after all my interesting research. 🙂 So exciting. 

  157. Susan Fourtané
    September 25, 2014

    @Dave: Thanks for being here today. It was a nice discussion. 🙂 

  158. Susan Fourtané
    September 25, 2014

    @Hailey: That's exactly what I mean. If you have old hardware you can't have the latest software. They are simply not compatible because they belong to different technolgical momentums. So, you end up with not suported hardware. Then, you have to choose either to upgrade your hardware, or to live without the latest software.  

  159. Susan Fourtané
    September 25, 2014

    It seems I am already talking to myself. 😀 Good night, everybody. I will see you next time. 

  160. Ashu001
    September 25, 2014

    @Dave-Its beyond Misguided.Its just an attempt to propagate the Ponzi scheme that is our Economy further.

    Guess what?

    The Millenials are'nt interested and are opting out.

    Most of them have ZERO interest in the Rat race for a Bigger Home and Shinier iThingy every single Year(even if they can afford it on Credit).

     

  161. apek
    September 25, 2014

    good night @Susan 🙂

  162. Ashu001
    September 25, 2014

    @Susan-You obviously have'nt understood how the Cloud works.

    With the CLoud-You DON'T need the Latest Hardware.Even your Old stuff works and works well.

    I am running Chrome OS on Pre-historic machines/Laptops(by your Definition-3-5 years old) today without any issue.

  163. Ashu001
    September 25, 2014

    I saw something in Scotland too.

    The Younger crowd(The Millenials) wanted to break away almost decisively from the Shackles of the UK but its the Older crowd which wanted the Comfort Blanket of the UK.

  164. apek
    September 25, 2014

    @tech4people…are you from scotland? I plan to visit UK, ireland and scotland in Novemeber. Lets try to meet up 🙂

  165. Susan Fourtané
    September 25, 2014

    @Tech4People: I haven't understood the cloud? LOL How funny. 😀 The fact is that if you have, for example, an old iPhone you can't install the new iOS. No cloud involved in the equation. 😀 Only the ones up in the sky in today's super cloudy day.

  166. Susan Fourtané
    September 25, 2014

    I haven't understood the cloud. 😀 Gee, Ashish. 😀 I am laughing and laughing here. 😀 

  167. Susan Fourtané
    September 25, 2014

    @Apek, good night. 🙂 

  168. Susan Fourtané
    September 25, 2014

    @Tech4people, but you are talking about computers now. We were talking about upgrading phones, weren't we? :/ Yes, you can always run Chrome on older hardware thanks to the cloud. 😀 

  169. Susan Fourtané
    September 25, 2014

    Also, Tech4people, I am not even saying I have the newest phone. I have an iPhone 3GS and mostly serves me for what I need it, which is not much after almost two years of my experiment exploring life without a phone. 😀 I doubt I will upgrade my phone any time soon. But, I still support what I said before, which has nothing to do with my phone usage, but it's just about facts of incompatibility with old hardware (phones in this case) and new software, even new broadband connections. You see? 🙂 

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