S3E4 | The End of Global Supply Chains? | Health Pulse Podcast

What has disruption taught us about global supply chains? Dr. Robert Handfield shares his vision on what agile and resilient supply chain models look like in the future. He is Professor of Operations and Supply Chain Management at North Carolina State University, as well as Founder and Executive Director of The Supply Chain Resource Cooperative. On this episode, Handfield joins host Alex Maiersperger to talk about the impact of the pandemic on global supply chains and provide insights into what has worked, what hasn’t, and what learnings we can apply in the future. Handfield speaks about the dependency on global supply chains for urgent medical supplies during the COVID-19 pandemic and inadequate national stock, due to a just-in-time inventory management system. Having strategic national stockpiles in place has become a major governmental and industry focus, as well as the effort to increase domestic sourcing of certain medical and pharmaceutical products. Handfield speaks about a shift towards near shoring, a concept where a company transfers work to suppliers nearby in the region where possible, despite remaining dependent on certain products from global supply chains. Finally, Handfield emphasizes that having the right technology, training and workforce in place, will be key to resilient and agile supply chain systems in the future. Topic Outline 00:00 – Welcome 01:38 – Rethinking health care supply chains 04:03 – Global vs just-in-time supply system 05:08 – Health Care inventory planning today 07:23 – Government policies on domestic sourcing 09:50 – Innovative retail winners 12:08 – New health care stock planning 14:10 – Retail supply chain disruption 17:40 – Near Shoring 22:50 – Supply Chain disruption timeline 24:50 – (R)evolution supply chain flow 28:20 – Future outlook Additional resources ◉ Life sciences industry page on SAS.com – https://www.sas.com/lifesciences ◉ Health care industry page on SAS.com – https://www.sas.com/healthcare ◉ The Health Pulse Podcast – https://sas.com/thehealthpulse Disclaimer: All presentations represent the opinions of the presenter and do not represent the position or the opinion of SAS. SUBSCRIBE TO THE SAS SOFTWARE YOUTUBE CHANNEL https://www.youtube.com/SASSoftware?s... ABOUT SAS SAS is a trusted analytics powerhouse for organizations seeking immediate value from their data. A deep bench of analytics solutions and broad industry knowledge keep our customers coming back and feeling confident. With SAS®, you can discover insights from your data and make sense of it all. Identify what’s working and fix what isn’t. Make more intelligent decisions. And drive relevant change. #SASSoftware #TheHealthPulse CONNECT WITH SAS SAS ► https://www.sas.com SAS Customer Support ► https://support.sas.com SAS Communities ► https://communities.sas.com SAS Analytics Explorers ► https://explorers.sas.com Facebook ►   / sassoftware   Twitter ►   / sassoftware   LinkedIn ►   / sas   Blogs ► https://blogs.sas.com RSS ► https://www.sas.com/rss