Sharing risks, this is how to build a resilience supply chain for a whole industry. This point of view indicated Mr. Dustin's depth thinking about the supply networks.
Pooling risks in this way is not only a brilliant suggestion for maintaining supply chain agility while building resilience, but is on point towards achieving greater sustainability in operations in a way that also supports a healthier bottom line. Very insightful presentation indeed.
If you consider the supply chain, the costs go up steeply. Large companies may be able to lay out multiple supply chains to share the risk, smaller companies simply don't have that ability.
sharing risk - difference between insurance is that companies are competitors not neighbors, if your competitor has a supply chain disruption, that is a positive advantage for your company - which may even be survival
lighten the burden by letting people have the free time to do the works they find enjoyable! I want to grow food and do repairs! end forced labor! no more evictions from primary residences! let the people and the planet rest!
This is very interesting. I've seen companies like OpenTrade doing this in Africa but because of legal disclosure policies (POPI act in South Africa), how can you view your suppliers' suppliers if they do not give consent to show who they're supplying?
When restaurants were shut down, they should have still had them prepare food or at least package them, then the government could have subsidized the cost. But instead we threw all that food away because it wasn't packaged to consumers. Same with cruise ships, they could've processed that food. You saw the lines of middle class waiting at food banks.
@@IamReallySantaapparently he didn’t know the history of the lost milk in the river,at that time the payment for the logistics and packages is unaffordable as there is too much milk in the market with much less customers.
You have to know who your supplier's suppliers are, where those supplier’s suppliers get their raw materials, who else is buying from those suppliers, and who else is competing for those raw materials. Often what looks like several unrelated product lines can be traced back to a single source. **Noted**
QUESTION - supply chain issues now seem like a "perfect storm" similar to Great Depression - economic and ecological issues occurring at the same time - how much of this is 1 in 100 year supply issues? Don't know, just asking
while both supply chain disruptions and issues are like Great Depression can have significant economic consequences, they differ in terms of scope, duration, underlying causes, and required responses. Supply chain disruptions are typically temporary and localized issues, whereas the Great Depression was a systemic crisis with far-reaching impacts.
lighten the burden by producing for need instead of profit. end forced labor. let the people and the planet rest. no more evictions from primary residences!!
Another crazy thought allow ships to dock rather than anchoring outside of ports for weeks if not months because...science. or even crazier, don't mandate an allready struggling industry.
How would you know who your supplier's suppliers are? They will not share that data with us because its proprietary. You do not have direct authority over them and you can demand it through your supplier, because its his business and he will not share that information with you. This is illogical.
its always easy to put the blame on the unavailable information. unfortunately thats almost never the reason for supply chains to fail. Its never about data not being available, but instead about incentives not being adjustetdwell enough to enable analysts to earnestly watch out for possible threats. From 2020 on there were thousands of warning signs and thousands of researchers and experts publishing about this topic. unfortunately many companies didnt take the warning to heart, because the prize of shifting policies was and oftentimes still is too high. its not a technology issue. its an issue of bad leadership and wrong incentives. again.
Pooling risks in this way is not only a brilliant suggestion for maintaining supply chain agility while building resilience, but is on point towards achieving greater sustainability in operations in a way that also supports a healthier bottom line. Very insightful presentation indeed.
this guy is very well spoken. absolute professional
It is very important to learn from these experts how they share the knowledge about the experience in Logistics and Supply chain.
Sharing risks, this is how to build a resilience supply chain for a whole industry.
This point of view indicated Mr. Dustin's depth thinking about the supply networks.
Pooling risks in this way is not only a brilliant suggestion for maintaining supply chain agility while building resilience, but is on point towards achieving greater sustainability in operations in a way that also supports a healthier bottom line. Very insightful presentation indeed.
If you consider the supply chain, the costs go up steeply. Large companies may be able to lay out multiple supply chains to share the risk, smaller companies simply don't have that ability.
sharing risk - difference between insurance is that companies are competitors not neighbors, if your competitor has a supply chain disruption, that is a positive advantage for your company - which may even be survival
Quite commendable piece of advice on supply chain management. Really its an honour to hear from these experience people
It happened everywhere, Australia too. One only per person in the supermarket. It still ran out.
Very informative and easy to understand. Thank you
Vedant.20 insta
Work in community and prosperity will come.
what a great speaker really captivating
Thank you.
Very well explained, thank you!
Yes, please, lessons learned instead of repeating the cycle (meaning never learning from/changing behavior).
lighten the burden by letting people have the free time to do the works they find enjoyable! I want to grow food and do repairs! end forced labor! no more evictions from primary residences! let the people and the planet rest!
Excellent presentation indeed..
Understandable, Thank you for your explanation ❤
This is very interesting. I've seen companies like OpenTrade doing this in Africa but because of legal disclosure policies (POPI act in South Africa), how can you view your suppliers' suppliers if they do not give consent to show who they're supplying?
When restaurants were shut down, they should have still had them prepare food or at least package them, then the government could have subsidized the cost. But instead we threw all that food away because it wasn't packaged to consumers. Same with cruise ships, they could've processed that food. You saw the lines of middle class waiting at food banks.
How about nothing should have been shut down ?
@Santa Claus yeah, we didn't even have testing for a month so you want to send people into the unknown. You first.
@@IamReallySantaapparently he didn’t know the history of the lost milk in the river,at that time the payment for the logistics and packages is unaffordable as there is too much milk in the market with much less customers.
You have to know who your supplier's suppliers are,
where those supplier’s suppliers get their raw materials,
who else is buying from those suppliers,
and who else is competing for those raw materials.
Often what looks like several unrelated product lines
can be traced back to a single source.
**Noted**
QUESTION - supply chain issues now seem like a "perfect storm" similar to Great Depression - economic and ecological issues occurring at the same time - how much of this is 1 in 100 year supply issues? Don't know, just asking
while both supply chain disruptions and issues are like Great Depression can have significant economic consequences, they differ in terms of scope, duration, underlying causes, and required responses. Supply chain disruptions are typically temporary and localized issues, whereas the Great Depression was a systemic crisis with far-reaching impacts.
Insurance might be a bad analogy. How well would insurance companies fare if everyone got into a car crash at the same time?
Thank you for this information
Pretty good talk. Liked a lot Dustin.
Great video!
Insightful
Outstanding
Thanks 🙏
You didn't do the outro music :(
lighten the burden by producing for need instead of profit. end forced labor. let the people and the planet rest. no more evictions from primary residences!!
Very insightful!
Dustin nice presentation-Jim
Jim well said-Josiah
Josiah facts- Nolan
@@HaniaGamer
Good point- Harold
great video
Is this Ted from Breaking Bad? I thought that dude ran his company into the ground.
Basically, have a back up!
Simple answer. Remove idiots and lobbyists from politics. Problem solves itself.
Another crazy thought allow ships to dock rather than anchoring outside of ports for weeks if not months because...science. or even crazier, don't mandate an allready struggling industry.
Answer: AUTOMATION
those who don't study history are DOOMED to repeat them
I think the consumers are part of the problem.. Many ppl had to throw away their toiletpapers because they bought too much of.
Russia is listening 👀
How would you know who your supplier's suppliers are? They will not share that data with us because its proprietary. You do not have direct authority over them and you can demand it through your supplier, because its his business and he will not share that information with you. This is illogical.
I feel like this guy is just saying things, everything is so surface level
Stop growing the same stuff and make sure there's enough of everything instead of just the rubbish we get the most of.
Jesus loves you he died on the cross for your sins. All you have to do is believe in him and you will be saved. ❤
Count less on foreign goods and focus on made in America products.
International trade is fine, but fundamental needs like ⚡, 💦 & food should be mostly localized.
How Do You Fix Broken Election?
Stick Around For The Next Trump Talk!
I dis agrees with this solution
its always easy to put the blame on the unavailable information. unfortunately thats almost never the reason for supply chains to fail.
Its never about data not being available, but instead about incentives not being adjustetdwell enough to enable analysts to earnestly watch out for possible threats. From 2020 on there were thousands of warning signs and thousands of researchers and experts publishing about this topic. unfortunately many companies didnt take the warning to heart, because the prize of shifting policies was and oftentimes still is too high.
its not a technology issue. its an issue of bad leadership and wrong incentives. again.
😘💓
OMG! An a speaker be any more boring!?!
Pooling risks in this way is not only a brilliant suggestion for maintaining supply chain agility while building resilience, but is on point towards achieving greater sustainability in operations in a way that also supports a healthier bottom line. Very insightful presentation indeed.
Thanks 🙏