BCG/Interos/LSEG: Maintaining procurement risk & resilience

Leading executives from BCG, Interos Resilience Lab and LSEG discuss risk & resilience in supply chain & procurement at Procurement & Supply Chain LIVE

April 2022, Procurement Magazine, Supply Chain Digital and Bizclik Media Group returned to the Tobacco Dock (London) to host our second Procurement & Supply Chain LIVE. 

Dubbed ‘The Risk & Resilience Conference’ the two-day hybrid event was held on the 27th and 28th of April, featuring keynotes, roundtables, Q&As, and 1-2-1s from inspirational and knowledgeable leaders in the procurement and supply chain space. 

David Shepherd, Geraint John, Daniel Weise: Supply Chain Risk & Resilience 

Taking to the Main Stage for the first panel of the event, Scott Birch, Chief Content Officer at BizClik Media Group was joined by Daniel Weise, Managing Director and Partner at BCG; Geraint John, Vice President of Interos Resilience Lab; and David Shepherd, Global Head of Strategic Partners Director and Risk at LSEG.

During the panel discussion, the four reflected on the current complexities in the supply chain and procurement industries, and the conversations being had among leaders in relation to risk, resilience and sustainability.

Is risk and resilience the only story in town?

“No but it is the highest priority now,” says Shepherd. “It is definitely the main story. The spotlight is on supply chains as a profession, which presents an opportunity for us to step up,” adds John.

Are these unprecedented times for the industry?

“They certainly are,” says John. “It has been a wave after wave of crises, and organisations are challenged with balancing their strategies to be prepared for the big disruptions while keeping an eye on the day to day challenges.”

“The pace of risk is changing,” adds Shepherd. “This is not the first time we have faced disruption and it won’t be the last, contingency planning will be important to navigate these challenges. And those that are the quickest to react to risk will gain a competitive advantage.”

Agreeing John says: “The acts of the last few years have put supply chain disruption and resilience front and centre, we all have a role to play and its important to build a risk-aware culture, instead of it being a tick box exercise.”

Is sustainability taking a back seat over risk and resilience?

Shepherd emphasises that this is not the case. “No conversation being had with stakeholders doesn’t look at this as a factor, the ESG story is incredibly strong, and sustainability is becoming a mature topic.”

John adds: “10 years ago, sustainability would be a low priority for procurement and supply chains, if you mentioned sustainability at a conference people would switch off. But today the general trend is that sustainability is being taken a lot more seriously.

“It is a common belief that action needs to be taken when it comes to ESG,” adds Weise. 

Did you see the ‘Supply Chain Risk & Resilience’ panel discussion when attending Procurement & Supply Chain LIVE 2022? Watch on-demand David Shepherd, Geraint John, Daniel Weise discuss risk, resilience and sustainability. 

To watch any of our other speakers from Procurement & Supply Chain LIVE: The Risk and Resilience Conference, click here

PROCUREMENT & SUPPLY CHAIN LIVE 2022

This October, Supply Chain Digital and Procurement Magazine return to London for an all-new event - PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022.

Click here, to find out how you can attend PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022.

Held at the QEII Centre between the 12th and 13th of October 2022, BMG’s all-new hybrid event incorporates two zones - SupplyChain LIVE and Procurement LIVE - to create a single EXPO style event. 

PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022 will give those attending the chance to showcase their values, products and services to partners and customers.

To find out more about PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022, click here

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