{"id":4779,"date":"2020-04-21T19:11:41","date_gmt":"2020-04-21T19:11:41","guid":{"rendered":"https:\/\/www.fictiv.com\/?post_type=cpt_blog&#038;p=4779"},"modified":"2021-07-23T13:29:16","modified_gmt":"2021-07-23T13:29:16","slug":"supply-chain-agility-and-resilience","status":"publish","type":"cpt_blog","link":"https:\/\/www.fictiv.com\/articles\/supply-chain-agility-and-resilience","title":{"rendered":"Supply Chain Agility and Resilience: Notes from the Supply Chain Bunker"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"lazyload\" loading=\"lazy\" title=\"Episode 5: The Journalist View Supply Chain Bunker  | Fictiv\" width=\"500\" height=\"281\" data-src=\"https:\/\/www.youtube.com\/embed\/T-YsWlv8eVU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>This week we brought together two guests who have not just spent years in the manufacturing and supply chain industries, but who are regularly published as experts in their field. First up was&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/sarahbarnescitp\/\">Sarah Barnes-Humphrey<\/a>, founder and host of podcast and blog \u201cLet\u2019s Talk Supply Chain\u201d (LTSC). With 20 years in logistics and supply chain, Sarah is also the co-founder and CEO of Shipz Inc. Sarah was joined by&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/ron-keith-206b952\/\">Ron Keith<\/a>, who has more than twenty years of operations and supply chain experience, and a reputation as an innovator, team builder, creative problem solver and strategic thinker who delivers straight talk and strong results.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Headlines from my co-host, journalist Philip Stoten:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>As we move through the COVID-19 crisis, we see increasing discussion on supply chains for a COVID recovery and in a longer-term post COVID world. Agility and resilience are two of the key words being used.<\/li><li><a href=\"https:\/\/www.dailywire.com\/news\/it-begins-japan-pays-billions-to-firms-to-leave-china-relocate-production-elsewhere\">Japan has announced a multi billion-dollar stimulus package to shift manufacturing dependence from China<\/a>, basically paying Japanese companies to manufacture elsewhere. Meanwhile, we are seeing momentum in the U.S. on reshoring manufacturing to reduce dependence. All while China is getting back online and moving back towards full capacity. What is clear to me is that brands and consumers won\u2019t want to pay extra for \u201cmade outside of China,\u201d so automation and the digital transformation of manufacturing and supply chain are the only solutions.<\/li><li>Manufacturers continue to step up and collaborate. We saw, perhaps for the first time, a headline with FLEX and Jabil: \u201c<a href=\"https:\/\/www.philips.com\/a-w\/about\/news\/archive\/standard\/news\/articles\/2020\/20200414-philips-joins-forces-with-flex-and-jabil-to-speed-the-production-of-hospital-ventilators.html\"><em>Philips announced that manufacturing partners Flex and Jabil are helping to further expand its hospital ventilator assembly lines and strengthen its supply chain<\/em><\/a><em>\u201d<\/em>.<\/li><li>Despite pockets of increased demand,&nbsp;<a href=\"https:\/\/www.reuters.com\/article\/us-usa-economy-manufacturing\/u-s-manufacturing-output-posts-largest-drop-since-1946-idUSKCN21X1X5\">National data shows manufacturing output fell at a 74-year record rate<\/a>&nbsp;in March 2020. Motor vehicle output plummeted 28% as consumer demand for auto products fell 27.2% and automakers closed their factories to prevent the spread of COVID-19.<\/li><\/ul>\n\n\n\n<p>Before our guests joined the group, I shared an excellent article from the Harvard Business Review, entitled \u201c<a href=\"https:\/\/hbr.org\/2020\/04\/bringing-manufacturing-back-to-the-u-s-is-easier-said-than-done\">Bringing Manufacturing Back to the U.S. Is Easier Said Than Done<\/a>\u201d by&nbsp;<a href=\"https:\/\/hbr.org\/search?term=willy%20c.%20shih\">Willy C. Shih<\/a>. I\u2019d recommend reading this piece and taking note of the comments relating to inventory being \u201cfundamentally evil\u201d and the relentless drive to reduce costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>From our guests<\/strong><\/h2>\n\n\n\n<p>It seems every week in the Bunker, \u201ccollaboration\u201d comes up as a key ingredient to success and to getting through challenging times. This week was no exception, with both guests underlining the need to not only work together, but to come together to share ideas and best practices.<\/p>\n\n\n\n<p>Sarah opened her segment with some encouraging input based on her own interviews and conversations with economists and industry experts. It\u2019s important at times like these to not have only doom and gloom and to look at what is fundamentally reliable in the world and the economy.&nbsp;<\/p>\n\n\n\n<p>In exploring supply chains, both Sarah and Ron agreed that current solutions are far too document-driven and manual. This creates a ton of opportunity for those wanting to accelerate the digitization of the supply chain management process, particularly those with SaaS (Software-as-a-Service) plays. According to Sarah, the freight forwarding community has been focused on this digital thread connecting demand to fulfilment for some time. Now, it seems even more important and urgent. Sarah added that this is no time to be building your own software; it\u2019s just not doable and not flexible enough, particularly in such uncertain, volatile times. When it comes to sectors like retail, we\u2019d ideally want to be able to predict consumer behavior, and we can only do that with data and analytics.&nbsp;<\/p>\n\n\n\n<p>When Ron joined the discussion, the debate moved to the issues of manufacturing footprints, exploring the options to move manufacturing out of China and the reduction of supply chain dependency. We talked about the Toyota model of building a manufacturing city, where tier one and two suppliers sit cheek-by-jowl with the primary brand. Ron shared his experience with larger contract manufacturers doing something similar, especially when entering new geographies like Mexico in the very early 2000s.<\/p>\n\n\n\n<p>Exploring the \u201creshoring\u201d or \u201cregionalization\u201d question, the panel agreed that no one would really want to pay more for products to be \u201cMade in America,\u201d so those costs would have to be absorbed somewhere. Contract Manufacturers, or CMs, have notoriously low, single-digit margins, so that leaves the brands to pick up the bill. Both guests agreed that efficiencies in the supply chain could contribute, but cost would be an issue. After all, we\u2019ve debated the cost of sustainability for years, and it seems there, too, consumers want more sustainable products but don\u2019t want to pay a higher price. Just a reality check: It\u2019s important to understand that China has built an impressive manufacturing and supply chain capacity, with over $4 trillion capacity. Compare that to, say, Vietnam, with around $40 billion; that\u2019s 100x smaller.<\/p>\n\n\n\n<p>As you\u2019d expect with two guests used to holding a microphone, there was no shortage of debate and interaction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Here are a few of the key takeaways from The Supply Chain Bunker (Episode #5) \u2013 the journalist\u2019s view:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Disruption may be the enemy of lean manufacturing principles<\/li><li>We\u2019re replacing just-in-time with just in case<\/li><li>&nbsp;People won\u2019t pay more for \u201cmade outside of China\u201d<\/li><li>Digital transformation can drive efficiency<\/li><li>Don\u2019t depend on government initiatives; create your own plan B<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This week we brought together two guests who have not just spent years in the manufacturing and supply chain industries, but who are regularly published as experts in their field. First up was&nbsp;Sarah Barnes-Humphrey, founder and host of podcast and blog \u201cLet\u2019s Talk Supply Chain\u201d (LTSC). With 20 years in logistics and supply chain, Sarah [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":5211,"parent":0,"menu_order":0,"template":"","fictiv_role":[39],"fictiv_topic":[58,163],"fictiv_industry":[],"fictiv_manufacturing_process":[],"coauthors":[43],"class_list":["post-4779","cpt_blog","type-cpt_blog","status-publish","has-post-thumbnail","hentry","fictiv_topic-supply-chain-management","fictiv_topic-supply-chain-optimization"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supply Chain Agility and Resilience: Notes from the Supply Chain Bunker - Fictiv<\/title>\n<meta name=\"description\" content=\"Sarah Barnes-Humphrey, founder and host of podcast and blog \u201cLet\u2019s Talk Supply Chain\u201d (LTSC) and Ron Keith, who has more than twenty years of operations and supply chain experience, share their thoughts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fictiv.com\/articles\/supply-chain-agility-and-resilience\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Agility and Resilience: Notes from the Supply Chain Bunker\" \/>\n<meta property=\"og:description\" content=\"Sarah Barnes-Humphrey, founder and host of podcast and blog \u201cLet\u2019s Talk Supply Chain\u201d (LTSC) and Ron Keith, who has more than twenty years of operations and supply chain experience, share their thoughts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fictiv.com\/articles\/supply-chain-agility-and-resilience\" \/>\n<meta property=\"og:site_name\" content=\"Fictiv\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-23T13:29:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fictiv.com\/wp-content\/uploads\/2020\/09\/supply-chain-agility-header.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Dave Evans\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fictiv.com\/articles\/supply-chain-agility-and-resilience\",\"url\":\"https:\/\/www.fictiv.com\/articles\/supply-chain-agility-and-resilience\",\"name\":\"Supply Chain Agility and Resilience: Notes from the Supply Chain Bunker - 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