1. CHALLENGES AND
TRENDS IN GLOBAL
SUPPLY CHAINS
• SUBMITTED BY: Riken Dalasaniya
(000898559)
• Mihir Joshi (000899227)
• Roshni
• Global Business Management (673)
• Global Supply Chain Management
• SUBMITTED TO: ZAFAR SIDDIQUI
• DATE SUBMITTED: April 06,2024
2. Challenges and
Trends in Global
Supply Chains
• Global supply chains have faced a
series of unprecedented legal,
contractual, and geopolitical
challenges in recent years. From
navigating pandemic-related
regulations to ensuring
environmental sustainability and
labor standards, supply chain
managers have had to adapt quickly
to an ever-changing landscape. This
presentation will explore the key
trends and strategies for addressing
these complex issues and maintaining
4. Pandemic-
related
Regulatio
ns
1. Safety Protocols
Implementing safety measures to protect workers, such as
social distancing, personal protective equipment, and
sanitization procedures.
2. Minimizing Disruptions
Adapting operations to comply with lockdowns, travel
restrictions, and other pandemic-related disruptions to maintain
continuity.
3. Workforce Management
Addressing workforce challenges like absenteeism, remote
work, and labor shortages caused by the pandemic.
5. Environmental Regulations
Carbon Emissions Waste Management Sustainable Sourcing
Complying with laws limiting
carbon emissions requires
reorganizing transportation
and operations.
Adhering to regulations on
waste disposal and recycling
to minimize the environmental
impact of supply chain
activities.
Ensuring suppliers meet
sustainability criteria and
sourcing materials from eco-
friendly sources.
6. Labor Standards
Wage Compliance Safe Working
Conditions
Transparency and
Accountability
Ensuring workers are
paid fair and legal wages
across international
operations.
Providing safe and
suitable working
environments for all
supply chain employees.
Improving visibility and
accountability throughout
the supply chain to
uphold labor standards.
7. Contractual Disputes
Clear Contracts:-
Establishing clear contractual frameworks to define rights, obligations, and
dispute resolution processes.
Effective Communication:-
Maintaining open communication channels with suppliers to address issues
and find mutually beneficial solutions.
Risk Management:-
Developing contingency plans and agile initiatives to minimize disruptions
caused by contractual disputes.
8. Data Privacy and
Security
Data Protection
Implementing robust data
protection mechanisms,
such as encryption, access
controls, and monitoring
tools, to safeguard
sensitive information.
Balancing Insights
and Security
Addressing the challenges
of leveraging data-driven
insights while ensuring the
integrity and security of the
supply chain's information.
Integrated Approach
Developing a
comprehensive system that
seamlessly integrates data
privacy and security across
the entire supply chain
ecosystem.
10. Proactive Compliance
Management
Regulatory Monitoring Automated Auditing Compliance System
Staying up-to-date with
evolving regulations and
quickly adapting to changes.
Leveraging technology to
enhance the accuracy and
timeliness of compliance
activities.
Implementing an effective
compliance program to identify
and address potential issues.
11. Supplier Engagement and
Collaboration
Transparent
Communication
Strategic Partnerships
Training and
Coordination
Establishing clear
expectations and fostering
open dialogue with suppliers
to ensure alignment and joint
compliance efforts.
Engaging in collaborative
initiatives with suppliers to
reduce risks, solve
compliance problems, and
build a resilient supply chain
network.
Providing training and
facilitating strategy sessions
to improve supplier
understanding and adherence
to compliance requirements.
12. Contractual Clarity and
Risk Mitigation
Contractual Provisions:-
Drafting contracts with clear definitions of rights, obligations, and dispute
resolution processes to reduce ambiguity.
Contract Management Systems:-
Implementing robust contract management systems to streamline
administration and minimize the likelihood of disputes.
Risk Contingency Planning:-
Developing comprehensive risk mitigation strategies to address potential
disruptions and ensure supply chain resilience.
13. Sustainability
Integration
Product Design:- Supplier Selection:- Performance
Measurement:-
Incorporating sustainability
criteria into product design and
manufacturing processes to
minimize environmental
impact.
Selecting suppliers based on
their adherence to
sustainability standards and
environmental regulations.
Employing data analytics and
metrics to measure, report, and
continuously improve the
sustainability of supply chain
operations.
