FutureChain podcasts will bring you lessons from leaders in the industry on the evolution of supply chain management, including artificial intelligence, machine learning and predictive analytics solutions. FutureChain.org
John Bozzella, President and CEO, Alliance for Automotive Innovation on Auto Supply Chains
Listen to the visionary for the only automotive trade association that represents OEMs, suppliers and mobility companies. Get the inside track on the evolution of internal combustion (ICE) supply chains to electric vehicle (EV) and autonomous vehicle (AV) supply chains.
3:31 the automotive supply/value chain. Operating at the intersection of innovation, production and policy. 4:55 semiconductor supply shortage impact on automotive supply chains resulting in loss of 1-2M units of production (after auto production had ceased completely in 2020). 8:28 reinforcing US domestic semiconductor/automotive supply chains to address disruptions. 9:53 evolution of industry to electrification and autonomy. 10:20 shift from drilling for oil, to mining for minerals. 11:21 impact on exhaust systems, fuel systems and emissions. 13:38 impact on labor. 15:12 policy critical to this transition. 16:14 regulatory blueprint to drive adoption of EVs & AVs. 18:12 fleets as a ‘vehicle’ to scale new markets. 19:22 adoption will come from a combination of regulation and economic factors. 20:02 Automatic Driver Assist Systems (ADAS). 22:02 building an EV charging infrastructure. 24:21 new supply chains for EVs/AVs and the batteries that power them. 27:10 domestic supply chains for lithium-ion/solid state batteries (Panasonic, LG Chem). 31:35 total cost of ownership threshold, “cost-parity” and “convenience-parity”. 33:24 timeline for scale. 35:25 global leadership for US in AVs. 37:12 sensors and ADAS technology for vehicle safety. 39:12 environmental impact/sustainability of sourcing. 40:45 competition between US and China for OEM production of EVs. 42:26 global competitive landscape for AVs, US needs to seize its technology advantage. 44:00 innovators in EV and AV space achieved through partnerships (convergence of mobility and technology). 47:10 GM’s and Honda’s investment in Cruise, Ford’s investment in Argo, Toyota partnering with Uber. 48:07 AI as a key technology input for AVs through awareness and perception algorithms (enables accessibility as well). 49:33 FCC needs to address importance of connectivity (V2V critical). 51:19 achievability of Paris Climate Accord GHG/emissions goals depends not just on the automotive industry but the entire ecosystem (grid resiliency, reimagined supply chains, industrial retooling, workforce evolution, consumer awareness, access/affordability). 53:12 Biden administration, Gina McCarthy communicating the needs for reduced emissions and transition to electrification. 53:40 Autos 2050 conference on the intersection of innovation and policy to address environmental, economic and safety goals.
Edmund Zagorin, Founder of Bid Ops
How Bid Ops has automated supplier negotiations and brought artificial intelligence to supply chain management. Strategic sourcing trends for 2021 and so much more!
John Cooper/Industrial Exchange on increased SKUs increasing management costs 7:12. ‘Spend fragmentation’ 8:17. Volatility and disruption 8:43. Massive congestion at ports 9:07. Instability associated with economic inequality 9:46. Strategy for identifying mission critical processes 10:09. Increasing optionality and process speed 10:52. How AI can automate supplier negotiations 11:33. Smart defaults 13:38. Cunningham’s law 14:06. Default pricing 15:23. Winners curse 16:23. AI and ML make automating intelligent price recommendations at scale possible 16:50. 2-5x cost saving 18:23. Adaptive target pricing 18:31. How behavioral economics informs the development of AI 20:49. Daniel Kahneman’s “Thinking Fast and Slow” 21:14. Fair Markets and Ariba 22:29 Leading with ‘best outcome’ 23:39. Inefficiencies in supplier negotiations 26:09. Adverse and auspicious selection 26:41. Sourcing enablement 28:39. Sourcing collaboration 31:31. Criteria for selecting strategic sourcing solutions 35:26. ROI from Bid Ops solutions 41:15. UCB Biopharma 45:40. BASF chemical manufacturing 48:15. Holman ARI Automotive 50:29. Bell Food and Beverage 52:18. Consumer Packaged Goods 53:14. The importance of a digital strategy 54:34. Embracing the cloud 55:34. Prepare for volatility 58:45. Optionality + Agility = Resiliency 1:04:22. Agility 1:08:07. Building deeper supplier relationships 1:09:56. The rise of sustainability as a business imperative 1:13:08. EV sustainable procurement (Lordstown and Nikola) 1:16:39. The most talented workers are drawn to companies with a mission for social good 1:17:28. CSR measurement companies EcoVadis and IntegrityNext 1:18:25. Role of data management in AI 1:20:42. Coupa and Netsuite ERP solutions 1:27:53. Procure to play companies SourceDay and Procurify 1:28:07.
Randall Pappal, Vice President Purchasing, Supply Chain and Business Development at Automotive Tier 1 supplier Shape Corporation
Randall Pappal, veteran of OEM (GM) and Tier 1 supply chains talks about the global automotive supply chain.
Shape’s role in the Automotive supply chain 3:05. Body exterior supply chain 4:14. GM supply chain 5:22. Automotive supply chains in Mexico (Nemak, Metalsa, Vitro) 6:15. Automotive supply chains in Asia 7:53. Single sourcing 10:23. Obstacles to nationalizing supply chains 12:11. Continuous improvement, lean manufacturing and Kaizen 12:44. ROI from process methodologies 14:17. Supply chain management solutions (Plex) 15:17. AI/ML critical to solutions 16:15. Metrics to evaluate success 17:01. Digitization 17:40. Pandemic influence on elevating supply chain as a business concept 18:15. Economic outlook for automotive industry 20:02. Policy to foster development of electrification and autonomy 21:29. Shape’s role in new markets 22:46.
Jack Freeman, Principal of PeakSpan Capital
PeakSpan supply chain and procurement growth-stage investment strategy.
Episode notes: PeakSpan mission 6:37. PeakSpan supply chain technology platforms 9:54. Efficiency targets for investments 13:46. Distinction in investments at 3-5M vs 25M+ 17:29. Value of Zenefits, Netsuite and Oracle perspective 18:27. Why supply chain? 21:01. Cold chain 23:35. Front of the house vs back of the house software adoption 28:03. Omnichannel 29:10. Valuing cost-saving as much as revenue generation 29:40. Importance of data 32:42. Coupa spend management 34:50. ERP market penetration 36:33. Logistics value 38:49. Importance of Labor 42:06. Thesis for XOi investment 46:09. Trends to watch for in 2021 50:54.
PeakSpan's Top 10 Predictions for #SupplyChain and #Procurement #Software in 2021. https://tinyurl.com/y6rl2txf
Barry McGeough, Global Vice President of Innovation at Wolverine Worldwide
Master class on innovation. Footwear and apparel supply chain to surprise and delight customers 2:47. Innovation at PVH to build in sustainability to dress shirts with Unify 3:55. Influence and negotiation to build global supply chain for 10M units of “whiter white” fabric 7:23 (largest sustainability success story). ROI of top line sales and market share 8:07. Challenge of operating in real time addressed by influence from “legal to landfill” 10:11. Apparel and footwear as a relationship business 12:03. KPMG model to drive innovation connected to strategy, mission and vision 12:30. Consumer centricity 17:20. Ecommerce penetrations of 20-30% 18:43. COVID impact on supply chains 19:48 (cancellations, sell-offs of raw materials, closure of factories, pent-up demand). Responding to increased demand from K-shaped recovery 25:23. Dollar General opening 1,050 doors to address value end of consumer-base 28:15. Concept of circularity 28:48. The “messy middle” 29:20. Digital transformation through connected product and connected experience 29:54. Product as a service as illustrated by Lululemon’s white space division/acquisition of Mirror driving new revenue streams 35:55. AI & ML in supply chains is ubiquitous as illustrated by Stitchfix demonstrating that brands know their consumers 41:29 (Shelly Palmer futurist). Super Apps in China demonstrating tradeoffs of privacy vs convenience 44:43. Singularity ushering in AI 45:49 (Tim Urban podcast “Wait, but why?”). Supply chain ecommerce solutions, including social prospecting, to identify consumer intent 53:04. Supply chain optimization tools (C3, IBM Watson), including automated manufacturing to lower operational costs 56:52. Speed over cost 1:00:24. Circularity as illustrated by fast fashion making new fiber from old fiber 1:02:09. Upcycling 1:05:32. Value chain of the future to meet customer expectations 1:06:25. Ambient computing (EA, FIFA, Adidas & Google gamification) 1:10:22. Strava 1:13:13. COVID as an accelerant for supply chain innovation powered by 5G (voicification, shoppable closets, real-time holograms in store, etc.) 1:15:12. Importance of closing the digital divide 1:18:44.
Ilir Skendaj, Director of Omnichannel and Supply Chain for Logic Information Systems
Building solutions for Logic’s clients.
Retail supply chains 3:56. Omni-channel for top-line growth 6:49. Holiday retail 7:58. Optimizing processes for demand forecasting 8:42. AI analysis for demand planning/forecasting 9:47. Curbside retailing 11:21. Supply chain optimization 13:30. Right product, price, inventory 14:41. Leveraging existing investments in tools and solutions to maximize ROI 15:34. Internal processes vs external partners 19:10. Finding ‘best of breed’ solutions to offer customers omni-channel options 20:35. Breaking down the omni-channel experience 22:17. ‘Headless approach’ 26:26. Digital transformation for frictionless commerce 27:16. Importance of “fixing” data 27:58. Case studies (improved efficiencies resulting in savings of $4M/yr) 30:51. Exposing inventory to a customer, wherever they are 33:07. Importance of platforms over point solutions 33:47. 10x ROI targets 36:28. Pandemic impact on retail 37:13. Differentiating against Amazon 38:32. Transforming malls into online marketplaces 39:30.
This podcast is a very deep dive into the supply chain world which is something I never even considered until the pandemic this podcast has opened my eyes to the importance of supply chain
The host is also excellent he is a good listener and has on such informative guest