Key takeaways:
- We are expecting a “persistent” period of higher costs across the supply chain in general. To provide the "levels of resiliency" the industry needs, it is not only about to increase size of global container vessel fleet, but also to increase port infrastructure, inland logistics, and related labour and workforce. With continued geopolitical and Covid situation, we expect shipping challenges to last until 2023-end.
- Talking about the Russia-Ukraine conflict that aggravates supply chain challenges already presence, Heath advised companies to increase awareness of business continuity planning and expect the unexpected.
- At EV Cargo, we are working with customers to enhance supply chain resilience, with three key things at the top of the list: to increase number of countries goods sourced from, to increase levels of safety stock, and to increase visibility and analytics.
- Talking about investment opportunity and strategy, we see very fertile M&A and investment landscape overall. At EmergeVest, we adopt a combination approach of traditional private equity M&A, and at the same time running an internal VC model focusing digitalization of the industry from the inside out. Our supply chain tech VC investment is focused on data analytics that help us get ahead of the curve of data management and prediction, enabling us to deliver innovative and sustainable supply chain solutions to our customers.
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