Supply Chain Collaboration – Innovative Practices for Global Supply Chain

The webinar began with Kartik Nagarajan - Managing Director - Business Consulting & Global Business Services (Sales), Nexdigm providing an overview of the webinar with the keynotes. Kartik addresses how supply chain leaders are battling on multiple fronts, such as cost inflation and resiliency due to the Ukraine war, along with a response strategy. He then talks about how close relations between organizations and suppliers can help create value and ease of operations.

Marc Lessem - Senior Executive Director, Nexdigm, then introduces the panel and begins the discussion segment. Steve Younts - Senior Global Business Adviser, Nexdigm, discusses how the ongoing volatility impacts supply chain planning and management. Steve emphasizes that all businesses need to look into a variety of strategies and initiatives in order to improve demand and supply alignment.

Next, Abby Pratt - Senior Vice President - Global Strategy & Analysis, Advanced Medical Technology Association (AdvaMed), talks about how they managed to adapt its supply chain during COVID and the onset of geopolitical situations like the Ukraine war. Here, Abby addresses some of the key supply chain challenges that companies, specifically in the healthcare sector face and how those challenges differ from those faced by other industries.

Post Abby’s insights, Murugan Pugalenthi - Director, Global Procurement Data Science and Analytics, Johnson & Johnson, talks about how business demands for analytics and technology adoption have changed from the pre-COVID days along with the related impact this has on supplier collaboration.

Ramakrishnan Kasinathan - Senior Consultant, Supply Chain, Nexdigm, speaks on how companies are switching to technology with the underway digital transformation drive. Additionally, Ramakrishnan also discusses how these digital initiatives play a crucial part in delivering the desired results. Murugan and Steve then add to this discussion by providing their personalized takes on the need for digital transformation and how companies can get the most out of the new norm.

The panelists then talk about:

• The various strategies companies are adopting in the healthcare space to address the supply chain challenges.
• The major bottleneck for driving co-innovation for companies working alongside key supply chain partners.
• Some of the looming supply chain challenges and potential risks within the foreseeable future.
• Whether anything more can be done with regards to logistics and network optimization associated with the carbon footprint.
• What more can be done in a senior management role to foster a collaborative culture.

The webinar concluded with discussions on future of the supply chain industry with automation being a contributor to helping organizations make and react to decisions quicker. This is the need of the hour as the supply chain process is a stressful one and one of the main drivers for the success of any business.