The latest CBI Food and Drink Supply Chain Forum heard from Malcolm Harrison, Chief Executive at CIPS (The Chartered Institute of Procurement & Supply) on driving resilience in the supply chain.
It has been two years since a surge in shipping delays and freight costs rocked the global economy and the waves are still being felt. So economic headwinds remain, challenging supply chains and increasing inflationary pressures and sourcing goods. In response, businesses must be agile, and develop robust resilience strategies.
Malcolm Harrison has over 35 years of expertise across the food and drink supply chain, including leading roles in Mars Confectionary, Pedigree Petfoods, Bass Brewers and Britvic. The key messages from his session include the need to understand supply chain bottlenecks, focus on resilient supply chains and increase collaboration even amongst competitors to tackle the biggest challenges.
1. Understand your bottlenecks
Understanding your weaknesses can help you to mitigate your risk. PwC’s 2021 Global Crisis Survey revealed 95% of business leaders reported that their crisis management capabilities needed improvement.
Organisations can reduce their exposure to the effects of risks by embedding innovative solutions a
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