Disruption continues to rattle global supply chains: Red Sea disruptions, congestion at transshipment hubs (including Singapore, Kelang, and Tanjung Pelepas), the ongoing Panama Canal drought, recent US announcements on tariffs. Not to mention equipment availability shortages, China and North East Asia loading port congestion, and deteriorating sailing schedule reliability and transit times. All of these factors have significant consequences for international trade.
Despite these challenges, at Ligentia we are still optimistic and see opportunities in this chaos. How can companies treat this volatility as a chance to prove their supply chain resilience?
We’re excited to take part as Network Sponsors of the Forefront Events Supply Chain NSW Summit in Sydney on Wednesday, June 19. We expect a number of pressing issues will be raised and have outlined some key topics of discussion by industry vertical below.
Construction:
No strangers to cyclical demand, the construction sector sees oversupply looming and cannot afford costly supply chain disruptions. Key issues include downtime due to delayed deliveries, insufficient information from overseas suppliers, and quality and quantity shortcomings discovered upon arrival at the site.
Opportunity: How can ‘more eyes’ monitor supply chain alterations and collaborate on ‘course adjustments’ to cope with these challenges?
Food & Beverage:
Consumers can be fickle yet supply chains can take weeks or months to adapt.
Opportunity: How can companies become more adaptive to ensure supply decisions are made as late as possible, without risking huge inventory volumes being stored at expensive locations?
Fashion & Retail:
Apart from global turmoil, an Instagram influencer wearing one of your garments posts a reel of her pet wombat sneakily pilfering her kitten’s milk while it naps… 3.5 million views overnight. That garment must be on shelves (or ready for click & collect/home delivery) at once.
Opportunity: What analytical capabilities do you have to balance the cost/benefit of this demand spike? Do you know exactly where all stocks are and the to-store lead time?
Large format department stores
A German-made appliance is popular and sells for a premium price, though supplies keep getting stuck enroute. Can they be railed or trucked to Far East Asia then transported via a ‘non-disrupted’ sea route? This may sound counterproductive, but many do it.
Opportunity: What visibility and data manipulation tools can you access to help you find the best route to market for your flagship products?
These opportunities and more will be discussed at the exclusive Forefront Supply Chain NSW Summit, Wednesday 19th June, Sydney. We look forward to engaging with industry leaders and exploring solutions to these pressing supply chain challenges.
Tim Polson has worked across many facets of supply chain including the retail and construction industries over his 20 year career. In that time, he’s participated in a variety of infrastructure projects including the Sydney Convention Centre, Gladstone LNG, Diamantina Power Station Upgrade, Wiggins Island Coal Terminal, Amrun and more. Tim is a knowledge seeker who is passionate about delivering innovative solutions to address our customers’ supply chain challenges.
