Supply Chain Risk And Innovation Management In The Next Normal

This book focuses on latest cutting-edge research to address the interaction between risk and innovation management in supply chains. It is predicted that future operations and supply chain management will be more digital. The collection aims on investigating how digital technologies have helped or can help organisations and supply chains being more resilient. The work is a compilation of selected papers from the 2021 International Conference on Operations and Supply Chain Management: Supply Chain Risk & Innovation Management In “The Next Normal” (ICOSCM 2021). The contents make valuable contributions to academic researchers, practitioners in the industry, and policy makers of respective authorities. Those who lack digital capabilities will find the collection useful in improving their capabilities.

This book focuses on latest cutting-edge research to address the interaction between risk and innovation management in supply chains. It is predicted that future operations and supply chain management will be more digital. The collection aims on investigating how digital technologies have helped or can help organisations and supply chains being more resilient. The work is a compilation of selected papers from the 2021 International Conference on Operations and Supply Chain Management: Supply Chain Risk & Innovation Management In "The Next Normal" (ICOSCM 2021). The contents make valuable contributions to academic researchers, practitioners in the industry, and policy makers of respective authorities. Those who lack digital capabilities will find the collection useful in improving their capabilities.

This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.

From natural disasters and geopolitical shifts, to climate change and unprecedented pandemics, global crises are becoming more frequent - and our supply chains are more exposed to them than ever. But, with little to no warning about where or when these major events may strike, what can procurement and supply chain leaders practically do to safeguard against them? Risk And Your Supply Chain: Preparing for the Next Global Crisis re-examines the fundamentals of risk management through the lens of today's complex, global supply chains, sharing valuable lessons and insights from two decades of crisis management to help you prepare for whatever tomorrow brings. ------------------------- “Successful crisis management requires both a strong strategy, and the right immediate tactical responses. That’s exactly what you’ll find here—a blend of strategic and tactical insights that come together to make risk management feel much more manageable.” Steve Listzwan, Vice President Global Procurement, Moderna “Risk And Your Supply Chain does a great job of explaining one of the most valuable lessons I’ve learned in my career—that no matter where in the world you work, risk will always play a pivotal role in supply chain management. Wherever you work, if you work in procurement, there’s something to learn here.” Brian Golden, Global Materials Leader, Suntory Holdings

Much has been written about Covid-19 victims, how scientists raced to understand and treat the disease, and how governments did (or did not) protect their citizens. Less has been written about the pandemic's impact on the global economy and how companies coped as the competitive environment was upended.In his new book, "The New (Ab)Normal", MIT Professor Yossi Sheffi maps how the Covid-19 pandemic impacted business, supply chains, and society. He exposes the critical role supply chains play in helping people, governments, and companies to manage the crisis. The book draws on executive interviews, pandemic media coverage, and historical analyses. Sheffi also builds on themes from his books "The Resilient Enterprise" (2005) and "The Power of Resilience" (2015) to enrich the narrative. The author paints a compelling picture of how the Covid-19 virus is changing many facets of human life and what our post-pandemic world might look like. This must-read book helps companies to redefine their business models and adjust to a fast-evolving economic landscape.The stage is setIn Part 1 of the book, "What Happened," the author looks at how companies fought to mend the global economic fabric even as the virus ripped more holes in it. Part 2, "Living with Uncertainty," views the crisis through a supply chain risk management lens derived from Yossi Sheffi's previous books. This perspective shows how companies create corporate immune systems to quickly recognize and manage large-scale disruptions.The ongoing pandemic is creating a new normal in life, work, and education-covered in Part 3, "Adjustment Required." Consumer fears about the contagion as well as government mandates require businesses in industries such as retail, hospitality, entertainment, sports, and education to create "safe zones" for workers and customers.Many elements of the book - especially in Part 4, "Supply Chains for the Future" - show how the virus accelerated preexisting trends in technology adoption.China was the epicenter of the pandemic; it also was the first nation to be disrupted and recover. Part 5 of the book, "Of Politics and Pandemics," explains why reports that companies are abandoning China in favor of other offshore manufacturing centers do not reflect reality. Fundamentally, The New (Ab)Normal is about businesses trying to create a better future in a time of extreme uncertainty - a point emphasized in Part 6, "The Next Opportunities." The outlook is not necessarily gloomy. The advance of technology is accelerating, a trend that can level the playing field between small and large companies. Nimble small businesses are using a growing array of off-the-shelf cloud computing and mobile apps to deploy sophisticated technologies in their supply chains and customer interfaces. The New (Ab)NormalThe ongoing pandemic is creating a new normal in life, work, and education-covered in Part 3, "Adjustment Required." Consumer fears about the contagion as well as government mandates require businesses in industries such as retail, hospitality, entertainment, sports, and education to create "safe zones" for workers and customers. Another new normal is working from home. Remote working enables individuals to live anywhere and companies to recruit talent from anywhere. Education, especially higher education, faces a major disruption (and major opportunity) that is likely to shake the high-cost model of in-person education in favor of online or hybrid education. Regrettably, the book recognizes one trend accentuated by Covid-19--the growing inequality, and anticipates that the new normal will be more stratified.

The 2020 pandemic was the tipping point bringing new challenges for supply chains all over the world. Recent surveys show that 20% of the retail business will not survive the next 5 years and over 50% of customers shopping online for groceries, clothes, and other items, will not go back to brick and mortar stores after the pandemic. Changes in the economy, society, and technology are quickly redefining the way businesses operate. Companies that fail to adapt to the New Normal, may not survive in the long run. This book discusses the latest trends and brings examples of advanced strategies and best practices in supply chain that can help executives not only to survive but to step ahead of the competition in the New Normal. Horizontalization of the Supply Chain, Supply Chain Segmentation, Risk Management, Process Mining, Factory 4.0, Digital Twins, Robotic Process Automation, and Drones are just a few of the tools and strategies discussed here.Follow the steps of industry leaders and learn how to weaponize your Supply Chain, crushing your competitors, and becoming more attractive to your customers.

The Fourth Industrial Revolution is now transforming logistics and supply chain industries. Consumer habits are changing fast and supply chains are having to adapt to meet the challenges created by this dynamic new environment. Traditional logistics operating models are under threat. Incumbent freight operators across the entire transport and warehousing spectrum have been forced to develop strategies to effectively compete with new start-ups. The Logistics and Supply Chain Innovation Handbook provides a comprehensive overview of all the major new technologies and business models currently under development and looks at this process of disruption in detail. The Logistics and Supply Chain Innovation Handbook covers many important topics, such as crowd sourcing and shipping, on-demand delivery, autonomous vehicles, automation in the warehouse, electric vehicles and alternative fuels. It provides readers with a straightforward and easy to understand assessment of these innovations and their impact on the industry. Online supporting resources include PowerPoints and sample case studies.

In this book, a risk management approach starts off by discussing important issues related to managing supply chain disruption risks from various perspectives during VUCA times. It explores the essence and principles relating to managing these risks and provides the framework and multi-goal model groups for managing such unknown-unknown risks and subsequent disruptions at a global scale. The book explores and presents the latest developments across different emerging topics in supply chain risk and disruption management. These include (i) an overview of supply chain risk, and disruption management tools, techniques, and approaches, (ii) a review on uncertainty modeling for decentralized supply chain systems, (iii) supply chain deep uncertainties and risks - the 'new normal', (iv) emergent technologies for supply chain risk and disruption management, (v) supply chain resilience strategies for times of unprecedented uncertainty, (vi) the role of blockchain in developing supply chain resilience against disruptions, (vii) a qualitative study on supply chain risk management adopting blockchain technology, (viii) assessment of risks and risk management for agriculture supply chain, (ix) resilience of agri-food supply chains: Australian developments after a decade of supply and demand shocks, (x) prioritization of risks in the pharmaceutical supply chains (xi) improving medical supply chain disruption management with the blockchain technology, and (xii) impacts of resilience practices on supply chain sustainability. The book contributes significantly to the growing body of knowledge concerning the theory and practice of managing supply chain risks and disruptions in strategic management, operations and supply chain, and sustainability literature. It presents contemporary, innovative and latest developments in applying smart management tools, techniques and approaches for managing supply chain risk and disruption and future-proofing supply chains to become agile, resilient and sustainable.