Inbound Logistics | March 2022


Want to join the conversation? FOLLOW US: DROP US A LINE: the landscape for both commodities trading and supply chain management. –Marc C. Hebert Partner, Corporate Practice Group Jones Walker LLP

Re. Good Question: How can brick-and-mortar retail make a comeback?

The basics will win—inventory, customer service, selection, convenient hours, and a great purchase experience. –Danny R. Schnautz Clark Freight Lines Re. 2022 Supply Chain Predictions Supply chain management has transformed across the globe through technological innovation. The pandemic has accelerated this process, and decarbonization has taken a lead role in shaping that transformation. Embedded in this transformation are legal, regulatory compliance, and data transparency issues that all companies must deal with. In the United States, efforts are underway to pursue a customs modernization act, called the 21st Century Customs Framework, bringing U.S. customs laws and regulations into the 21st century to match up with e-commerce challenges and address money laundering, cybersecurity, trade facilitation, and intellectual property rights enforcement, among other issues. The market will respond and develop programs that increase data transparency and reduce risk, strengthening accountability across the supply chain. We can expect this to be accomplished through blockchain technologies based on cryptocurrency platforms formatted for compliance with U.S. and other countries’ nancial services regulatory systems. These new programs will reshape

Global VIEW

All eyes are on Ukraine as the

PERSPECTIVE Women in Supply Chain

Russian invasion wreaks havoc on already strained supply chains. It is imperative the world plans for both the short- and long-term consequences. In the short term, the exodus from Russian investments and SWIFT legislation is severely complicating payments. Prices across the board—from energy to transport and manufactured goods—are soaring. The world’s reliance on Russia for commodities such as wheat and sunower oil is being exposed and goods that are transported through the Black Sea face signicant difculties. Shipping from Ukrainian ports has practically ceased and as airlines warn of Russian airspace closures, transportation costs will soar, making some routes unusable. With sales and trading with Russia increasingly ceasing, procurement leaders must create lasting solutions should the sanctions become permanent and ultimately isolate the Russian market from global business. Supply chains can no longer ignore geopolitical risks in Europe. The conict must become a fundamental pillar of procurement strategies. –Simon Geale Executive Vice President Proxima

Recently, I attended a conference that hosted a Women in Supply Chain luncheon. I assumed the event would be almost exclusively female, giving us the opportunity to discuss key challenges we have experienced or are seeking advice on as a leader or emerging leader in supply chain. Surprisingly, the room was also lled with many of our male colleagues. I was taken aback by this. I realized this was an important milestone—not only do we need female representation in supply chain leadership roles to encourage women to be a part of this vibrant industry, we also need support and acknowledgment from our male colleagues that women equally deserve to be in these roles and at the boardroom table. After all, businesses with diversity, and not just gender diversity, are more likely to be successful and grow. Although the proportion of women in senior management roles grew to 31% globally in 2021, according to Catalyst, diversity is clearly still lacking. It takes our entire industry to promote change.

–Karin Stevens General Manager

Overhaul via email

12 Inbound Logistics • March 2022

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