As a result, proactive CEOs are looking to get on the front foot by increasing investment in detecting disruption and transforming innovation processes while leveraging emerging technologies to build resilience and sustainability into their supply chains.
A recent White House Economic Report painted a grim picture of vulnerable and frail global supply chains (GSC). Over the last couple of years, climate change, the pandemic, international conflict, economic uncertainty, labour shortages, and the evolving financial crisis have all contributed to mountain problems for the industry and consumers as empty shelves became the norm.
The economic environment continues to deliver more challenges. The world is beginning to accept that the risks of a climate disaster are rapidly becoming the biggest threat to the future of humanity. But the impacts have been particularly impacted Asia Pacific, with a recent KPMG study stating it’s time for the region to rethink supply.
