Amazon / UCB
Phil Kaminsky examines how companies can manage risks and build adaptable supply chains, using examples from biotech, manufacturing, and retail to illustrate effective strategies.
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Phil Kaminsky discussed the vulnerabilities of modern supply chains, which often prioritize efficiency at the expense of resilience. He explained that leaner operations and smaller inventory buffers can leave supply chains exposed to disruptions. Kaminsky highlighted the importance of leveraging data and advanced modeling tools to assess risks and create flexible, adaptive supply chains that can respond to unexpected challenges.
Drawing from real-world examples, Kaminsky shared insights from Amazon’s regionalized network design, which balances cost efficiency with adaptability to shifts in demand and transportation. He also described a biotech plant that successfully used flexible manufacturing techniques to navigate disruptions. These case studies demonstrated how strategies like redundancy, rapid sensing, and flexibility can help mitigate risks and ensure smoother operations.
Kaminsky concluded by emphasizing that investing in adaptability and risk management is essential for long-term success. He urged companies to foster collaboration with suppliers and integrate risk considerations into supply chain design, enabling resilience in a constantly changing global environment.
PPI works to increase the value Engineering and Construction provides to the economy and society. PPI researches and disseminates knowledge related to the application of Project Production Management (PPM) and technology for the optimization of complex and critical energy, industrial and civil infrastructure projects.
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