CSCMP Recap from the Singapore Conference
22-24 January 2014
Stephen E. Lovejoy
Senior Vice President, Asia, Global Channels and Global Store Development Supply Chain
Starbucks Coffee Company
Karen M. Reddington
Regional Vice President, South Pacific
Federal Express Pacific, Inc.
CSCMP’s Singapore Conference 2014 entitled “Effective Strategies for Managing Supply Chain Risk: Assuring the Viability of Your Supply Chain,” attracted nearly 200 high-ranking delegates from manufacturing, logistics, government, and academia throughout Asia and the world.
In his opening speech, Mr. Teo Ser Luck, Singapore’s Minister of State for Trade and Industry stated that Singapore was well positioned to support the supply chain risk management needs of companies looking to grow in Asia as a world-class transportation hub strategically located at the crossroads of major trade lanes. He added that the republic has a strong pipeline of cross-disciplinary talents across different supply chain-relevant areas, and that the government maintains a close working relationship with the industry to establish best practices in supply chain security.
The conference focused on key supply chain risks, strategies for assessing them, and approaches for mitigating them once they occur. Among the major risks faced by global supply chains, speakers cited natural disasters, regulations, and quality breaches; several also highlighted the need to protect employees, partners, and customers involved in the supply chain.
Presenters identified assets, company image and brand reputation, service levels and business continuity as key elements all requiring protection. They stressed the importance of constantly reviewing strategies, with evaluations conducted at least annually.
Attendees were advised that they should map their supply chains for exposure to risks such as floods, tornadoes, earthquakes, and other disasters, producing separate maps for each eventuality.
The vital importance of communication was also stressed: the audience was told employees must know that their company will communicate if a major disaster occurred, and top management must demonstrate its awareness of, and commitment to, the risk management strategy.
Presentation 1: An Integrated Approach to Managing Operational and Reputational Risk
Presentation 2: Managing Supply Chain Risk at Intel
Presentation 3: Supply Chain Risk Assessment Through Contract Negotiations
Presentation 4: Managing Supply Network Risk and Volatility to Win in Asia – P&G Perspective
Presentation 5: Approaches for Managing the Impact of Natural Disasters on the Supply Chain