WHERE ARE THE NEW GLOBAL SUPPLY CHAINS?

The discussion highlights the importance of agility and contingency planning in supply chains, emphasizing the need for trusted partners and management policies. Companies must invest in technology and public-private partnerships to enhance visibility and resilience. The conversation also touches on the challenges of geopolitical issues and the necessity of geographic diversification to mitigate risks. Real-time visibility is crucial, yet only a small percentage of companies have achieved it. The pandemic underscored the fragility of supply chains, with even minor components causing disruptions. The focus is on building infrastructure in trusted locations and leveraging natural resources efficiently. The role of energy transition and infrastructure investment is also discussed as a means to support future demands.