WHAT’S THE ISSUE?
Our global supply chain has been strained by the pandemic and other trade-related earthquakes, so how can we make it more resilient for the future?
The European Supply Chain Forum is the leading collaboration platform designed to help solve supply chain challenges using technology, innovative thinking and what it calls out-of-the-box solutions. Its Director is Tom Van Woensel, Professor of Freight Transport and Logistics at Eindhoven University of Technology.
Here, Tom joins The Agenda’s Stephen Cole to explain the impossible task of planning for the ‘unknown-unknowns’ and why it’s not always feasible for a company to build supply chains from scratch which can sufficiently cope with unlikely, but severe, natural disasters:
“If you talk about a situation like a pandemic or Brexit or any old or natural disasters, this is what we call unknown unknowns. We don't know what the severity will be or the magnitude. We also don't know when they will be happening (or) how they will be happening. And the key question is how can you build a supply chain that is sufficiently coping with these kinds of situations? That’s not easy.”
MEET THE EXPERT
Tom van Woonsel is Director of The European Supply Chain Forum (ESCF).
He’s also Professor of Logistics at Eindhoven Technical University.
In addition, Tom Woosnel is Academic Director of the Global Supply Chain Program at Antwerp Business School.
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