The McKinsey Podcast How to create a resilient supply chain strategy
Dec 9, 2021
Dan Swan, a leader in McKinsey's operations practice, and Knut Alicke, a McKinsey partner, share insights on building resilient supply chains in today's unpredictable landscape. They discuss the importance of adapting talent strategies to labor market challenges and the need for proactive measures like scenario planning. The impact of rising inflation on supply chains is also examined, highlighting cost allocation and regional price disparities. Additionally, they stress the significance of flexibility and sustainability in supply chain strategies for long-term success.
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Triple Challenge in Supply Chains
- Supply chain leaders face a triple threat: soaring material costs, labor shortages, and transportation hiccups.
- These combined factors create a uniquely challenging environment demanding urgent strategic focus.
Complex Labor Challenges
- Labor shortages stem from high job openings and workforce exits accelerated by the pandemic.
- Pay alone doesn't retain workers; purpose and commitment are equally crucial.
Europe's Digital Talent Gap
- Europe struggles with a digital talent gap especially in supply chain planning roles.
- Organizations focus on reskilling existing staff and seeking scarce external digital expertise.