Supply Chain Strategy

In this episode of Cargo Masterminds, presented by cargo.one, STAT Media Group editor Reji John interviews Prof Sheffi and asks him about the current changes and new trends in global supply chains in the wake of the pandemic and on account of rapid automation caused by artificial intelligence and robotics.

In a 2019 LinkedIn article, Dr. Yossi Sheffi from MIT wrote, “No self-respecting company is without a sustainability strategy, and at the center of these strategies lies the supply chain.” We’re now approaching 2024 and the focus on sustainability continues to grow, driven by many factors, including new regulations and legislation. What are the key trends and developments in this area? What actions should companies take to respond, as well as to prepare effectively for what comes next? 

The once overlooked realm of supply chains has surged into the forefront of public interest in the wake of the global pandemic and the sheer volume of disruptions that all seemed to come together at once. The world has witnessed how these disruptions and geopolitical tensions can send shockwaves across the intricate, global networks, laying bare their complexity and fragility.

A recent report by Goldman Sachs predicted that AI could replace the equivalent of 300 million full time jobs. What might the future hold for the job market?

MIT Professor Yossi Sheffi weighs in on ABC Live to discuss Supply Chains, AI, and his latest book. 

A book titled “The Magic Conveyor Belt” does an exceptionally good job of explaining the supply chain. Until a few years ago, explaining your role as a supply chain management professional was probably not a great conversation starter at parties. But when the pandemic began in 2020, suddenly the entire world at least had a cursory understanding of what the industry was about.

Read more for an academic book review of The Magic Conveyor Belt: Supply Chains, AI, and the Future of Work. The book's authors show how scenario planning methodology brings flexibility and pragmatism to the table that makes it a valuable interventional choice for any industry. Through case studies and shared artifacts, this book illustrates well the value of scenario planning to supply chain strategy. Useful terminology from both scenario planning and SCM can be learned from the book, bolstered by supplementary materials.

The book’s author, Dr. Yoshi Sheffi, is an expert in systems optimization, risk analysis, and supply chain management, which are deeply technical subjects, but this book is targeted to a much broader audience than just researchers in his field. 

Listen in as Yossi Sheffi discusses his new book, The Magic Conveyor Belt, and the state of supply chain management. On this episode of The Rebound, MIT professor and author Yossi Sheffi talks about his latest book and what supply chain leaders learned from the pandemic that’s making supply chains better than ever. ASCM (www.ascm.org) CEO Abe Eshkenazi and SCMR Editor Bob Trebilcock host.