Key players from the shipping industry were in Singapore last week for Singapore Maritime Week (SMW) and the Singapore Shipping Forum , where themes discussed included decarbonisation, digitisation of the shipping sector and improving the flexibility of supply chains. The industry has undergone a period of significant change and instability over the past few years. In this article, we explore how supply chains need to change post-Covid, in particular through better contingency planning and use of technology. Supply Chain Aftershocks in a Post-Pandemic World Supply chains are becoming increasingly complex with the chances of delays and disruptions on the rise. This has a knock-on effect for businesses so building a flexible supply chain resilient to change is vital. The pandemic only increased the growing emphasis on contingency planning and collaboration. The Singapore government is already exploring ways to move goods more efficiently between sea ports and land checkpoints. However, ship owners should make their own plans to avoid disruption following these four core components: Preparation Analysis Response planning Implementing preparedness “Plans should be realistic, practical and simple to implement ensuring that businesses can best protect themselves against risks of supply chain vulnerabilities,” said Danny Chua , Senior Partner at […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
