If the past year has shown us anything, it’s that disruptions occur when you least expect them. As the old adage says, crisis is a catalyst for positive change. The best companies worldwide have adopted new ways to find competitive advantages and drive profitability during the lockdowns and other disruptions; the rest have not.
The best have capitalized on trends sharping the global supply chain networks today; the rest failed to do so. Here at Industry Leaders Magazine, we thought it’s an opportune time to learn what happens next so companies can take to develop resilience and use the crisis as a catalyst for change.
Until 2020, supply chain management (SCM) was a function which largely operated in the background, receiving little recognition in either the media or our day-to-day lives. Our deliveries that largely arrive on time, and everything ran like clockwork, bar the occasional holidays. As it is said, ‘you don’t know what you’ve got till it’s gone’ seemed to be true in 2020. With countries around the world implementing measures to slow the spread of the novel coronavirus, from nationwide quarantines and social distancing measures, these measures exposed the biggest holes in SCM, causing huge delays and massive disruptions, which affected our daily lives.
The past can help inform our approach. While the global scale of the coronavirus crisis is unparalleled, many supply chain leaders across the globe – including Kearney and Crisp, Inc. – have a wealth of wisdom on adapting to the current crisis and beyond.
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POWERFUL WOMEN IN FINANCE
The coronavirus is not only a public health crisis of magnitude – it’s also a looming reshuffle of the global economic order. Leading through the pandemic and economic crisis is not a minor accomplishment, but the events of this past year haven’t stopped the 10 trailblazers who make up Industry Leaders’ Most Powerful Women in Finance list.
GERMANY ADOPTS NEW LAW TO HASTEN THE END OF COAL PLANTS
A new climate law adopted by Germany requires that all coal-fired power plants be shut down before the promulgated 2038 deadline. In January 2020, the German government had negotiated a deal worth €40 billion to phase out coal power by 2038, but now it seems the country is in a hurry to end its dependence on coal power due to urgent climate concerns.
IRS AND JUSTICE DEPARTMENT INVESTIGATING CRYPTO EXCHANGE BINANCE
Singapore-based Binance was co-founded in 2017 by Changpeng Zhao, and is the largest cryptocurrency exchange in the world. The US Commodity Futures Trading Commission (CFTC) is probing money laundering and tax-related offenses on the platform by any US citizen. They are investigating whether any illegal trading of derivatives linked to digital tokens was done. The United States residents can only purchase these kinds of products from firms registered with the CFTC.
GEN Z ANGELS
INVESTORS SEEM TO BE GETTING YOUNGER AND YOUNGER.
Biggest AI Talent Grab of the Year
In a post-COVID-19 world, the role of Mergers and Acquisitions (M&A) will be redefined. Companies striving to defend their existing markets and accelerate recovery are looking at a wide range of strategies such as alliances and partnerships. In addition, deal-makings now have to reflect the new environmental and societal priorities of the post-crisis world, which include making organic changes like going virtual, remote collaborations, and potentially less inperson networking.
PANDEMIC BRINGS GOOD SALES GROWTH FOR LUXURY CAR BRANDS
GOOGLE PLANS TO BUILD A COMMERCIAL QUANTUM COMPUTER BY 2029
Google is confident it can build a commercial-grade quantum computer by 2029. The search engine giant’s chief executive Sundar Pichai announced the plan to build a quantum computer during the Google I/O stream. To follow through on this ambitious journey is an important milestone in the form of a new Quantum AI campus in Santa Barbara, California, where Google engineers and scientists will be hard to work to build the world’s first commercial quantum computer.
ARCHITECTS PICK THEIR FAVORITE BUILDING MATERIAL
Henry Ford, the father of assembly-line manufacturing, had a saying: “Any customer can have a car painted any color that he wants so long as it is black.”
BEYOND THE STARS
The dream of space tourism is alive and well.
2021 SEMICONDUCTOR CHIP SHORTAGE
The semiconductor chip shortage is far from over but this hasn’t stopped governments around the globe from getting creative to move production ahead. The impact of the chip crisis on the automotive market has been debilitating, resulting in competition between automakers and electronics manufacturers.
NOT SET IN STONE
Keeping pace with the changing times has been key for retail heavyweight Landmark Group even as it continues to expand, reveals its CEO and chairwoman Renuka Jagtiani
With the talk of scrappage policy, the End-Of-Life (ELV) journey of an automobile is once again under the spotlight.
Environmentally Sound Management of ELVs in India
The first lecture of the two-part environment series provided an overview of the supplier and the OEM function, regulations and policy, and the economic impact of recycling ELVs.
Kearney is king of Europe's try scorers
Peter Jackson gets out his stats book to reveal this seaon’s leading scorers in Europe’s top leagues