Embracing Uncertainty With Smarter Sourcing

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I'm a Mechanical engineer with a postgraduate degree in management and have gained 35 years of rich industrial experience in construction and mining equipment, auto components, and alloy steel foundry. I have served in senior positions for a construction and mining equipment manufacturer for two decades, and then at CII as a nominated member for various projects and task forces. Currently working as an independent consultant.

Q2. What approaches can be used to evaluate and quantify the trade-offs between efficiency and resilience in global supply chain strategies, especially amid ongoing inflation, tariff fluctuations, and geopolitical risks?

We need a more dynamic global supply chain strategy framework to mitigate the risk since disruptions are unknown. Agility and flexibility need to be built into supply chain design. Global value chain capability continues to improve and spread across the world, along with challenges. Leading global companies evolved their framework after COVID with a necessary review mechanism. Best practices exist in the industry to replicate.

Q3. In your experience, what role does sustainability and ESG compliance play in sourcing decisions and risk…