Supply Chain Issues and the Intersection With Advisory

I sat in on a fascinating discussion on Supply Chain, and the intersection with Accounting. The objectives of the roundtable are as follows:

• To explore the role of supply chains in entities and how finance teams interact with these.
• To explore how finance functions contribute effectively to supply chain activities.
• To consider the current supply chain issues that organisations face and the impact of the pandemic has changed these.
• To consider how developments in supply chains are impacting the finance teams.
• To explore the nature of the ongoing relationship between finance and procurement teams.

Here are some of the takeaways from the conversation.

A collapse in good behaviour happens very quickly when there is a supply chain issue. Think PPE, Petrol, Toilet paper… Overreaction can increase prices.

In 2019, we were in a good position to move forward and embrace ethics and sustainability in our supply chain, however with current and future issues, will this movement suffer? I suspect the answer is yes.

The pandemic and Brexit have fastened supply chain issues. Refer to the table showing a dramatic increase in disruptions, comparing the first half of…