Insights

The U.N. Intergovernmental Panel on Climate Change’s final report warns of imminent catastrophic global warming. Calls for immediate transition away from fossil fuels and drastic cuts in GHG emissions are predominant. Nations and companies need to reduce not only their own emissions, but also those within their supply chains. Limited successes in Supply Chain Sustainability necessitate seeking expert assistance, such as that offered by New Dominion Consulting.

St. Patrick’s Day is crucial for St. James Gate Brewery’s supply chain management, as they plan for the celebration like others do for Christmas. The company prepares for the holiday annually by forecasting demand and coordinating with suppliers. To supply Guinness to 150 countries, they manage the inbound supply chain across 49 brewing locations and coordinate the delivery of over 600,000 lbs of barley, distributing 6,500 tons of beer globally.

The Global Supply Chain Pressure Index (GSCPI), monitored by the Federal Reserve Bank of New York, fell below its historical average in February 2023, indicating reduced supply chain pressures. Though providing relief for businesses, experts caution against neglecting supply chain management and advocate transforming supply chains for increased resilience and flexibility.