What is the story about?
What's Happening?
At the ASCM CHAINge conference, a keynote panel emphasized the need for supply chains to be recognized as strategic imperatives within organizations. Former U.S. Commerce Secretary Gina Raimondo stressed that supply chains should be elevated to the boardroom level, highlighting their role as both a strategic risk and opportunity. The panel, led by CNBC's Lori Ann LaRocco, included industry leaders who discussed the challenges posed by tariffs, infrastructure investment, and the need for collaboration and transparency in managing ongoing disruptions.
Why It's Important?
The discussion at the ASCM CHAINge conference underscores the evolving role of supply chains in global business strategy. As disruptions continue to affect industries worldwide, recognizing supply chains as strategic assets is crucial for resilience and competitive advantage. Elevating supply chain management to the boardroom can lead to better decision-making and resource allocation, ultimately enhancing organizational agility and responsiveness. This shift in perspective is vital for companies seeking to navigate complex global trade environments and mitigate risks associated with supply chain disruptions.
What's Next?
Organizations may begin to integrate supply chain considerations into their strategic planning processes, potentially leading to increased investment in supply chain technologies and infrastructure. As supply chains become more central to business strategy, companies might explore new partnerships and collaborations to enhance resilience and efficiency. The ongoing dialogue about supply chain elevation could influence policy decisions and industry standards, shaping the future of global trade and logistics.
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