Perspective : Global Supply Chain Management
In this episode of the Perspective Prog. based on Global Supply Chain Management. Supply chain disruptions have become a major challenge for the global economy since the start of Covid pandemic. According to the OECD, higher commodity prices and global shipping costs are currently adding 1.5% to inflation across G20 nations. By December, it could increase by 1.75% and further up by 1% in 2022. OECD estimates also suggest that the drag from the pandemic and supply bottlenecks is unlikely to ease in 2021. On the sidelines of the G20 summit several world leaders including Prime Minister Narendra Modi on Sunday participated in a summit on strengthening global supply chains. This summit convened by US President Joe Biden discussed ways in which governments can alleviate pressure points in the global supply chain ecosystem by working together and with the private sector. Prime Minister Modi underlined three critical aspects of trusted source, transparency and time-frame for improving the supply chains. All participating countries discussed strengthening key pillars of global supply chain resilience namely transparency, security, sustainability, Diversity, openness and predictability.
Source : Sansad TV YT