MIT Supply Chain Frontiers Global Supply Chain Risk and Innovation with Mark Bakker
4 snips
May 13, 2021 AI Snips
Chapters
Transcript
Episode notes
Planning is Everything
- Accurate planning and forecasting are crucial in supply chain management.
- Poor planning leads to either customer dissatisfaction (due to shortages) or financial losses (due to excess inventory).
Past Disruptions
- Mark Bakker discusses various supply chain disruptions he has witnessed.
- These include floods in Thailand, earthquakes and tsunamis in Japan, volcano eruptions in Iceland, and the Suez Canal blockage.
Pandemic Impact
- The COVID-19 pandemic impacted entire supply chains concurrently, unlike isolated incidents.
- This highlighted the need for greater agility and resilience.