Despite the global recovery, sixteen countries have had their ratings downgraded since the start of 2010 showing a prevalent commercial risk. However, Australia has bucked the trend with its risk grade being upgraded and even championed as the “safest country to invest”.
However, to maintain strong trading relationships and to continue to attract foreign investment to their shores, Australia must at the very minimum be building a secure supply chain that matches their inevitable growth. So Australia’s business leaders are uniting with their global partners with this in mind at the illustrious Next Generation Supply Chain congress scheduled to be held in Queensland. The closed private committee, which includes thought leaders from Australia’s Divisions of Coca-Cola, McDonalds, Bayer, BlueScope Steel and Quantas are set to re-evaluate existing processes to ensure that their infrastructure can not only open up further distribution channels to Europe/US for their growth in product output, but to also give the world a competitive route to a burgeoning consumer market.
“As the rest of the world recovers, global competition will intensify. Therefore, we need to ensure our focus on reform, and strong economic management through global supply and demand channels must continue, and that is why a meeting such as the NG Supply Chain Summit (run by GDS International) is vital to our development,” said a source from the NG Supply visionary committee.
Such reform obviously comes at a cost so the consortium wants to ensure that the right processes are in place for the “long-term” focused discussions on sustainability.
“Sustainability is more than just a hot topic in the world of supply chain: it’s a standard of practice that can be used to not only differentiate oneself from the competition, but become more lean and efficient in the process.”
Such analysis into various sustainability techniques and processes can create a whole new factor of competitive advantage for supply chain in the enterprise and such a meeting could allow for Australia’s Green supply chain model to be the envy of the world.
“The critical factor now is how Australia’s executives respond to this improving environment. We need to maintain our growth momentum in the quarters ahead if we are to continue to perform, it has been a pleasure to be invited to oversee this meeting which will lead to further growth in the region,” Summit Director Australia Tyron McGurgan.
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