DIGITAL MANUFACTURING
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Journey of an Idea to Innovation : Bindiya Vakil ( CEO , Resilinc )
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“ Investing in technologybased supply chain risk management solutions will improve a company ' s agility and responsiveness in times of crisis ”
BINDIYA VAKIL CEO AND CO-FOUNDER , RESILINC
The price of some chips surged from US $ 5 to US $ 110 in just a few days and this cost sourcing organisations tens of millions of dollars . Because of the pandemic , the usual safety , cleaning and maintenance procedures on site could not be carried out , contributing to a surge in factory fires post-COVID-19 . A supplier risk assessment on this particular Japan site later revealed that it didn ’ t have automatic sprinklers or a fire suppression system .”
The Taiwan Semiconductor Manufacturing Company ( TSMC ) controls about a fifth of global semiconductor manufacturing capacity and yet even they have experienced shortages of materials and workers , highlighting that issues heightened by the pandemic continue to impact supply chains .
In contrast , businesses that invested in mapping and monitoring their supply chains ahead of the pandemic emerged in far better shape .
“ COVID-19 was a wake-up call for supply chain managers . It highlighted the
74 August 2023