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Supply chain optimization initiatives European executives can implement

The current unpredictable geopolitical environment makes corporate planning more challenging than ever before. Simon Knowles, Chief Marketing Officer at Maine Pointe, argues that, along with the problems uncertainty creates, there is a significant opportunity for executives to improve productivity and increase competitiveness.

This practical insights paper for UK manufacturing CEOs and supply chain leaders discusses 4 practical and pragmatic ways to protect your global supply chain.

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What's in this eBook?

A shifting global landscape
 
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Exploring new markets

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Why reshore?

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Introduction

The current unpredictable geopolitical environment makes corporate planning more challenging than ever before. Simon Knowles, Chief Marketing Officer at Maine Pointe, argues that, along with the problems uncertainty creates, there is a significant opportunity for executives to improve productivity and increase competitiveness.

Earlier this year, making good on his election promise, President Trump announced tariffs on solar panels. Since then, the situation has escalated quickly, leading to tariffs (or the threat of tariffs) on billions of dollars of goods among the world’s largest trading partners. The Bank of England has done some simulations and estimated that a full-blown global trade war could end up hitting global GDP by 2.5% over three years, with the UK economy suffering a 2% hit. A recent survey of 100 CEOs and chairs carried out by recruiting firm, Odgers Berndston, showed that 60% of UK firms are concerned about the impact of tariffs and rising nationalism on their business.

With Brexit negotiations offering little reason for optimism, the continuity of global supply chains is under threat. With so much uncertainty, it’s all too easy to adopt a ‘wait and see’ approach, but this is the last thing business leaders should be doing. Now is the time to start thinking practically and pragmatically about what you need to do to protect your supply chain.

eBook: Supply chain optimization initiatives European executives can implement

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