13.09.2024
FEPORT attended the European Shippers’ Council’s event "Resilience in the Supply Chain: Bouncing Back Stronger After Unexpected Disruptions" on the 13th of September 2024.
Key discussions highlighted the growing complexity of global supply chains, where disruptions, such as the Suez Canal blockage, have demonstrated the need for improved resilience. Companies are increasingly focused on building resilience through collaboration, flexibility, and visibility of supply chains, recognising the need for agile decision-making to quickly respond to disruptions.
Participants emphasized the importance of diversifying supply chains, improving transparency, and addressing risks like geopolitical tensions, climate change, and financial instability. Nearshoring and dual-sourcing were noted as crucial strategies to increase supply chain stability.
The event also addressed the ongoing challenge of convincing companies to invest in resilience measures, with many still hesitant due to the complexity of transformations and uncertainty in value generation. Key recommendations included fostering supply chain maturity through collaboration and adapting risk management strategies to be more dynamic and data-driven.
Resilience in the port sector was also discussed, highlighting the need for better alignment between different nodes within the supply chain and the importance of digital platforms for information exchange.