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As the pandemic rumbles on, many countries have been suffering shortages and panic buying as global supply chains wobble. Much of that will likely ease over the coming months, but systemic challenges remain.

In this episode, Dustin Burke, one of BCG’s leaders in manufacturing and supply chains, urges companies to use the experience of the last 18 months to build resilience and reliability into their operations without adding cost and redundancy. How do companies achieve better access to real-time data for greater visibility into potential shortages and risks? Could we see greater cooperation within—and even across—industries to protect supply chains of essential components? And looking to the long term, how can we expect automation and artificial intelligence to help ease labor shortages?

This podcast uses the following third-party services for analysis:

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This podcast uses the following third-party services for analysis:

Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp34:T537,

If you've tried to purchase new furniture recently, or chlorine for a pool, or even certain makes and models of new cars, you may have been told you'll have to wait several weeks - possibly several months before the product is back in stock. Items from lumber to clothing to electronics have been difficult to find in recent months. The reason is often tied to the supply chain, which has been adversely affected throughout the pandemic, forcing consumers to wait until their new purchases arrive. Ram Ganeshan is a Professor of Operations and Information Systems Management at William & Mary School of Business. He teaches supply chain management and digital strategies courses. His research and consulting interests include supply chain management and logistics strategy. Professor Ganeshan says the shortages we see now are the results of decades-long developments in supply chains, and the pandemic simply tipped it over the edge. He joins us today to discuss supply chains, their complexity, and why the shortages are happening.

Learn how the Raymond A. Mason School of Business at William and Mary can help you and your organization develop your top talent through customized executive education and professional development programs. Visit us at www.wmleadership.com. Thank you for listening.

35:T483,Imagine a company that, in a matter of weeks, can develop, prototype, build, and deliver innovative products. That’s exactly what Haier, one of the world’s largest home appliance manufacturers, achieved in 2019. When the city of Wuhan urgently needed mobile isolation wards to curb the spread of Covid-19, Haier leveraged their open digital supply chain platform to deliver in record time. In this episode, Kasra Ferdows, an operations management professor at Georgetown University, explains how open digital platforms facilitate innovation and problem solving by making the entire supply chain more transparent to suppliers. Key episode topics include: Supply chain management, strategy, innovation, competitive advantage, operations HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week. · Listen to the full HBR IdeaCast episode: Open Digital Platforms to Spur Innovation· Find more episodes of HBR IdeaCast· Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org36:Tdb1,

Creating More Resilient Supply Chains