Masters of Scale Rapid Response: Inside "the most radical supply chain shift since World War II," w/Interos CEO Jennifer Bisceglie
Apr 2, 2022
Jennifer Bisceglie, CEO of Interos and an expert in supply chain risk management, discusses how Russia's invasion of Ukraine has triggered unprecedented supply chain shifts. She highlights the vulnerabilities exposed in extended systems, with many tech companies facing unexpected risks. Bisceglie emphasizes the urgent need for businesses to enhance resilience through supply chain transparency. She advocates for a move towards self-sufficient supply chains and innovative management strategies to thrive amidst global disruptions.
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Attack on Global Supply Chains
- The attack on Ukraine and sanctions on Russia are disrupting global supply chains.
- Over 300,000 companies worldwide are affected across various industries.
Hidden Interdependencies
- US and European companies have deeper interdependencies with Russia and Ukraine than realized.
- Over 190,000 US and 110,000 European firms are connected to Russian or Ukrainian suppliers.
Understanding Tiers and Ripple Effect
- Tier one suppliers are directly connected, tier two are their suppliers, and tier three are suppliers of tier two.
- A study of top aerospace and oil/gas companies revealed over 1 million interconnections, highlighting the ripple effect.