Sustainability is a Must-Have not a Nice-To-Have

Sustainability is not a buzzword anymore, however, the concept of sustainability remains abstract and complex if it lacks context to make it relatable to people’s day-to-day experience. Though everyone may have different understandings and interpretations of sustainability, we all know that the goal is to minimize negative environmental impact resulting from human activities. This explains why food & beverage, pharmaceutical and apparel industries are taking a lead in sustainability and supply chain transparency. For electronic products, sustainability will never come...

Manufacturing Sector- The Growth Engine of the Economy

GDP dynamics - An important factor for developing supply chain strategies Manufacturing sector has been the growth engine of the global economy for the better part of the last two centuries. The transition from an agrarian to manufacturing economy is still an important indicator of growth, prosperity and rise in living standards for a country. For developing nations, improving and investing in the manufacturing sector continue to be a strategic focus area. Even for a country like India, which has a...

Risk and Uncertainty

 Is risk a synonym for uncertainty? The thesaurus in Microsoft Word suggests that it is and a Google search confirms it however, when thinking about managing supply chains, there are a different set of actions for risk than those taken to address uncertainty.  The primary supply chain actions to reduce risk involve alternate sourcing, inventory and supplier selection criteria whereas actions to remove uncertainty involve data.  If they really are the same, the risk reduction approach should be the same. Paraphrasing...

‘Ethical Sourcing’ The Next Electronic Industry Trend

What is ethical sourcing? Essentially, adoption of ethical sourcing reflects the respect to the people and our plant. Ethical sourcing gets rid of the outdated opinion of making profits by solely focusing on needs of end customers in terms of quality, price, delivery and service.  Instead, it incorporates needs from more comprehensive stakeholders along the supply chain, especially those from frontline workers. Ethical sourcing practices are to ensure that products being sourced are manufactured by legal workers who work...

Disruptive Strategy: Ethical Sourcing

Any principled sourcing manager, if asked, should raise Ethical Sourcing to be a top priority. It is one of those things that makes obvious sense from a human condition perspective but has not yet been used as a differentiator by electronics companies. Starbucks and other consumer facing companies have acted on it, but beyond the ethically sourced Fairphone of the Netherlands and Fair Mouse from Nager IT in Germany, it’s hard to find examples. In my blog, Professor Rosling is an...

Professor Rosling is an interesting fellow

Professor Hans Rosling is an interesting fellow. In his documentary Don't Panic: How to End Poverty in 15 Years, which details the United Nations’ plan to end poverty in 15 years, he describes two paths to economic prosperity while improving the human condition. These paths have great importance to the supply chains of the future. The first path he describes is one that, historically, has been taken by the USA, Great Britain and many countries guided by the World Bank....