Future Trends of Supply Chain Management

Dr. Ioannis N. LagoudisDirector of Applied Research/Ass. Professor

lagoudis@mit.edu

FMM Export Conference 2013: Driving Export Sales

Thursday, 31st October 2013

Dr. Ioannis N. Lagoudis

Presentation Outline

MIT-Global SCALE Network

Supply Chain Management

Current SCM Issues

Future SCM Trends

The Challenges for Malaysia

Dr. Ioannis N. Lagoudis

An International Alliance of Leading Research and Education CentersDedicated to Supply Chain and Logistics Excellence Through Innovation

Dr. Ioannis N. Lagoudis

Malaysia Institute for Supply Chain Innovation

Dr. Ioannis N. Lagoudis

What is Supply Chain Management?

Dr. Ioannis N. Lagoudis

Typical Supply Chain

Vendors PlantsPartWarehouses

RetailOutlets

DistributionCenters

Dr. Ioannis N. Lagoudis

Some Supply Chain Issues…• Production scheduling• Production planning• Process optimization• Total quality management• Procurement• Forecasting• Distribution• Transportation• Warehousing• Financing• etc

Dr. Ioannis N. Lagoudis

Top Supply Chain Challenges

Globalization Drives Market Need for Supply Chain Segmentation: Research & Key Strategies, 2012, Peerless Research Group on behalf of Supply Chain Management Review and Logistics Management magazines for Amber Road

Dr. Ioannis N. Lagoudis

Top 10 Future Supply Chain Trends1. Globalization2. Volatility3. Talent shortfalls4. Transportation costs and reliability5. Customer expectations6. Networked economy7. Cost pressure8. Sustainability9. Increased risk and disruptions10.New technologies

Dr. Ioannis N. Lagoudis

Malaysia the way forward• Today it is not the products that compete but

their supply chains. Thus Malaysia should focus:– Development of supply chain management talent– Halal supply chains– Energy supply chains– Islamic Finance– Logistic hub for ASEAN

Dr. Ioannis N. Lagoudis

Thank you!