Insights Review by ICG: August 2021

The August 2021 edition of co-branded publication The Insights Review, produced by Internal Consulting Group, is out now

The August 2021 edition of The Insights Review, produced by the Internal Consulting group (ICG), is out now. ICG is a global network of consultants, with the goal of aiding professionals in their career effectiveness and development.

The Insights Review
 is a collection of abstract reviews of relevant ‘open published’ perspectives and research reports. The abstracts allow you to scan quickly for the most relevant content, and include links to the full articles. 
Article of the MonthArticle of the Month for August 2021 is  'Real-world supply chain resilience' – BCG

From the abstract

The authors have created a compelling description of the need for resilient supply
chains, having seen the pandemic highlight the downside of focusing on lowest cost and lean over the past two decades. Overlay on this the inherent complexity of product offerings and a reliance on a limited number of suppliers in a
low cost labour country, and there is an argument that this was an accident waiting to happen.

The six pillars of supply chain resilience are a practical guide to rethinking your supply chain strategy, especially the redesigning of global supply chain networks and setting new supply chain parameters.

ICG argues that there are two additional challenges that must be addressed to achieve a truly resilient supply chain. The first is the over-reliance on technology and algorithms to manage the supply chain at the expense of critical thinking. Supply chain leaders must reset this balance to ensure they and their teams really understand what is happening in their supply chains and what short-term actions are needed to address supply and demand imbalances.

Second, supply chain planning as a critical business capability needs to be re-established. This is where supply chains are configured to meet the demand needs of customers both strategically and tactically, including where to invest in resiliency in the form of inventory, supply capacity, and supply network based on
customer service and financial objectives.

This topic of supply chain resiliency is likely to remain an executive and board of directors topic for the foreseeable future. This article is an excellent read for both audiences.

We hope you enjoy reading it and please do get in touch with any comments and suggestions.

Read the August 2021 edition


Published: 10 Sep 2021
  • International regulation
  • Wealth Management
  • Training, Competence and Culture
  • Risk
  • Operations
  • Fintech
  • Corporate finance
  • Compliance
  • supply chain resilience
  • supply chain
  • Insights Review
  • ICG
  • Covid-19

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