As we peer into the Looking Glass, we know that uncertainty is staring back. Our exponential world and all its building blocks and scenarios has created this looking glass phenomenon – something I explored in this Leadership Course back in 2017. COVID-19 underscores this uncertainty, serving as both an accelerant and an obstacle. A good example is explored in this Article on automation. Will the pandemic serve as an automation accelerant, as businesses replace laid off employees via automation? Or is it an obstacle to the capital investment required to enable automation?
TCS Colleague Kevin Benedict recently interviewed expert Joe Carson, CEO of Spend Strategies LLC, (former Chief Procurement Officer of both Micron Technologies and Lucent) to further explore how the pandemic is impacting global supply chains and risk management strategies today and in the future. The interview can be found Here. I wanted to make my Blog audience aware of this insightful conversation. They explore the following questions:
Although it’s now popular to ask how life will change after the Coronavirus pandemic, truth is we were already on a path towards massive change. Nationalism was already a growing movement, immigration was already a hot button issue, the world was already moving towards a Post-World War Two order, the negative impact of globalization on jobs in developed countries already had leaders promising to bring manufacturing back, while automation promised a jobless era of localization. The pandemic serves as an accelerant in some instances – and an obstacle in others. But let prognosticators be warned; past predictions of life after pandemics have not Gone Well.
UPDATED 3:00 March 19th: one of my Blog readers pointed me to this article titled Whatever the virus kills, it won’t be globalism. Since I am a big believer that Predictions are a fools errand, this walk through the bold post-pandemic predictions of our past is instructive. This point of view says that sounding the alarm on the death of globalization may be a bit premature.
There are many questions that require answers as we look towards a new normal post the current pandemic. One such question centers on supply chains and the globalization phenomenon of the past three decades. Multiple forces were already threatening the globalist agenda. From the rise of populism and associated tariff wars, to the advancement of automation and other innovations, the move towards localization seems inevitable.
As science and technology continue their rapid advance, traditional constructs are challenged; Supply chains are no exception. Here is a brief video that highlights many of the advances that transform how we think about supply chains in the future. As it wraps up, a curated set of videos that touch on several of these advances is provided. Special thanks to Bill Quinn, Rose Castellon-Rodriguez, and Kevin Mulcahy for producing the video.
Be sure to visit the Reimagining the Future YouTube Channel to explore additional topics.