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30 August 2021 13:09

The BRICS CCI organized a webinar on Tracing the Evolution of Supply Chain and Prospects about its Future

The BRICS CCI organized a webinar on Tracing the Evolution of Supply Chain and Prospects about its Future

The BRICS Chamber of Commerce and Industry organized a webinar on Tracing the Evolution of Supply Chain and Prospects about its Future on August 27, 2021, 5:30 PM IST virtually.

In line with the BRICS 2021 Agenda, the BRICS Chamber of Commerce & Industry evaluated how new technologies that have the potential to further improve on how goods are shipped, handled, stored, and delivered. We also discussed how companies can reduce the carbon footprint of the supply chain by making it more efficient through use of technology and using cleaner fuel.

The panel discussion advocated solution-oriented dialogue where panelists and invitees pitched in ideas for efficient decision-making and effective supply chain. We also discussed that how collaboration between countries and companies can help in creating new technologies and deploy the current ones in the process of creating a more sustainable supply chain. We identified the means and ways by which the MSME and the unorganized sector can implement the supply chain technologies in their business.

The webinar was inaugurated with the opening address of our Chairman, Mr. Vishwas Tripathi who stated that, «The 21st century has changed the way the traditional supply chain works. Implementation of Artificial intelligence, Advance analytics, the Internet of things, Robotic process automation, Block chain and Machine learning has opened new prospects in the field and made supply chain more efficient and resilient».

The experts evaluated how new technologies that have the potential to further improve on how goods are shipped and stored 2.jpeg

The session was presided by Keynote speaker, Lt. Gen. D V Kalra, PVSM, AVSM (Retired) who stated that, «The development of IT is exponential. You are talking about AI, blockchain and many other terms. The supply chain is moving fast and the future is bright with continuous development».

The panel discussion explored a myriad of topics discussed by a cohort of diverse of panel of experts from all across the globe:-

Raveena Goyal (Supply Chain Consultant) said that, «Supply chain can be summed up into three words- Descriptive, Prescriptive and Predictive which will enable to enhance the trajectory of action and improve our inventory levels».

Ani Tonyan (Business trainer & Consultant in Sustainable Procurement Management, MBA Lecturer at MIRBIS International Business School) said that, «We need to be more eco-friendly to protect everyone in this chain. The traditional supply chain was a narrow concept but now the scenario has been changed to include innovation in diverse areas. It now delves into more transparency».

Sanjay Agarwal (President and Head, Supply Chain, Hindalco, Aditya Birla Group) said that, «In the recent pandemic, we have understood the importance of a resilience supply chain. What we need is not even a minute of shutdown and it is very crucial to select the right business partner. We have to not only invest in our business partner but also maintain long-lasting relations with them».

Akshay Kumar Deshwal (Director, Yayath Buildtech LLP.) said that, «The future of the supply chain is very bright and the warehouse is acting as a pillar. eCommerce is completely dependent on it now. Covid19 has boosted it a lot».

Minhaj Ashraf (Managing Partner, Shalimar Group) said that, «The biggest problem is the poor quality of infrastructure in India. Secondly, National highways carry 40 per cent of transportation. Thirdly, in cold chain logistics, there's a shortage of capacity. We have to develop something for the proper supply chain management».

The session was moderated by Lt. Gen. D V Kalra, PVSM, AVSM (Retired).

The event was concluded by the Vote of thanks delivered by Mr. Ruhail Ranjan (Governing Body Member, BRICS CCI).

YouTube Link: https://youtu.be/ekMKOypUX7w


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