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Global Supply Chain Ecosystems: Strategies for Competitive Advantage in a Complex, Connected World, by Mark Millar
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With increased globalization, off-shoring, and outsourcing, global supply chain management is becoming an important issue for many businesses. Global supply chain management shares some of the main concerns of traditional supply chain management, such as lowering the costs of procurement and decreasing the risks related to purchasing activities. It also has the additional challenge of involving a company's worldwide interests and suppliers, covering numerous organizations across several countries, borders, time zones, cultures, and languages.
Global Supply Chain Ecosystems explores the latest market trends and industry developments across emerging, developing, and developed markets. Author Mark Millar presents practical insights that will help companies capitalize on market opportunities, overcome supply chain challenges, and make better informed business decisions. In addition to highlighting key supply chain shifts such as the move beyond globalization back towards regionalization, the book explains several critical aspects of global supply chain ecosystems, including visibility, risk, resilience, sustainability, and collaboration.
- Sales Rank: #175340 in Books
- Published on: 2015-06-28
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x .61" w x 6.14" l, 2.20 pounds
- Binding: Paperback
- 288 pages
Review
"Millar cites up-to-date research to support his astute observations on trending topics in the transportation industry. getAbstract recommends his guide to investors, transport professionals, logistics experts and leaders in supply chain management."
(getAbstract, Inc.)
"Mark Millar is recognized in Asia as a thought leader in supply chain management. His new book Global Supply Chain Ecosystems provides new insight on the multi-dimensional touchpoints across the supply chain, combined with a three-dimensional perspective on the complex ecosystem that dynamically interacts and ultimately defines the optimal movement of product across the globe. He includes discussion on the transformative technologies that can provide competitive advantage, practical case studies and shares his views on how these new methodologies can be creatively leveraged in the evolving developing countries. I strongly recommend this book to both seasoned
professionals and college students seeking to embrace this industry from a different vantage point." (Paul W. Bradley Chairman and CEO, Caprica International)
"A generous and erudite exploration of the contemporary global supply chain scene. A genuinely entertaining and informative read by one of the
real characters of the supply chain community." (Kimble Winter Global CEO, Logistics Executive Group)
"A must-read book for freight forwarders and supply chain practitioners – this book delivers an outstanding holistic view of global supply chain
ecosystems, including future directions such as the New Silk Road and how Africa could emerge as the next Asia." (Henrik Christensen Chairman of African Logistics Club and President of KTZ Express Hong Kong Ltd)
"This book just keeps on giving and giving; you just need to sit down, focus and then seek to implement its advice. For not even the cost of one hour of a consultant’s time, you are getting a goldmine. Even if you believe you are your country’s supply chain guru, surely you will find a new perspective, a new tip, a new idea or something actionable from this book."
(Darren Ingram Autamme.com)
"Mark Millar, one of the best known supply chain experts in Asia and beyond with more than 30 years of global business experience has set a further standard in his latest book Global Supply Chain Ecosystems. This book provides valuable insights for business leaders who are managing and developing their global supply chains – with a focus on the upcoming Asian era. Mark describes the different aspects a complex and global supply chain nowadays needs to reflect in order to become strategic as a business enabler and a revenue driver. He also highlights new developments to shape global business, such as the New Silk Road connecting Europe and Asia. Based on solid research and insightful practical case studies, Mark’s book offers a perceptive understanding of the roles the business and also the governments can play to create an enabling environment for global supply chains to thrive. Global Supply Chain Ecosystems is a must-read for anyone interested in strengthening their competitive supply chain position in our global economies." (Rolf Neise Global Logistics Programme Manager, British American Tobacco)
"Modern supply chains form a vast, inter-connected global network. Logistics and supply chain managers must be able to develop strategies that enable their companies to compete on an international scale. This book features real-world case studies, explores recent trends, and examines the critical elements necessary to maintain an effective supply chain ecosystem." (Jason McDowell Inbound Logistics)
About the Author
Mark Millar is Managing Director of M Power Associates, which provides consulting, education, and recruitment services to business and organizations. He has over 30 years of experience working with supply chains and logistics in Asia, and he is a Visiting Lecturer at Hong Kong Polytechnic University. He is currently Head of International Relations at Vietnam Supply Chain and Chairman of the Logistics Committee at the British Chamber of Commerce in Hong Kong, and he was included on the Supply & Demand Chain Executive 2014 list of "Top Pros-to-Know in Supply Chain."
Most helpful customer reviews
0 of 0 people found the following review helpful.
Very good
By Autamme_dot_com
The sheer scale and scope of modern-day global supply chains can be a sight to marvel at. It is something that (dependent on your age) our parents may not fully comprehend and it may confound our grandparents. Regular members of the public who don’t focus on how their latest tech toy gets into their hands or how fresh fruit arrives from the other side of the world to a supermarket probably underestimate the complexity behind their purchase.
So it was a pleasure to read this professionally orientated book that looks at global supply chain ecosystems. The author takes both industry newbie and more experienced participant on a fast-paced, informative tour of some of the latest trends and industry developments that are affecting this industry segment, looking at how they impact emerging, developing and developed markets alike.
Make no mistake, this is a specialist book but it is also something that a generalist or non-industry participant could get a lot of knowledge from. Managing the supply chain can require the skills of a chess grandmaster – looking at multi-dimensional views of your network whilst analysing contingency plans and looking for that competitive edge.
A global supply chain is not just for the big business players; its impacts can affect us all. Clearly there is greater global supply chain complexity for Apple to make a worldwide launch of its iPhone than someone buying a spare part from a Chinese e-retailer, yet that spare part will have been subjected to many supply chain issues before it was sold and certainly many more before it lands in your hand.
Some of the examples given by the author are stunning in their own right and should encourage anyone who can to look over their processes. Such as Australia’s largest department store managing (in 2010-11) saving 25 million dollars by transforming its supply chain. The company didn’t stop buying products; it just got them to its stores in a more streamlined, efficient and managed fashion. In other words 25 million dollars of “free money.” When the supply chain can be responsible for between 63-90 per cent of a company’s total spend (a survey noted) this is a great potential area to save on; even a few per cent of a lot of money is a lot of money.
But wait, there’s more. The author notes that savings in the supply chain also lead to further potential impact on the balance sheet as accounts receivable and cash assets will be bettered by order fill rates, invoice accuracy and lead times. Supply relationships, supply management and inventory policies will influence balance sheet inventory too. You may be running a tighter, faster and more reactive ship in the long run!
This book just keeps on giving and giving; you just need to sit down, focus and then seek to implement its advice. For not even the cost of one hour of a consultant’s time, you are getting a goldmine. Even if you believe you are your country’s supply chain guru, surely you will find a new perspective, a new tip, a new idea or something actionable from this book… and if you don’t? Well, it will confirm that you are perfection personified and right on top of your game, won’t it!
0 of 0 people found the following review helpful.
An elevated look at supply chain management and influence
By Kelly McCarthy Barner
…today’s supply chains encompass complex webs of interdependencies, frequently spanning the globe, designed and deployed to optimize critical attributes – such as speed, agility, and resilience – that drive competitive advantage. (p. 11)
Global Supply Chain Ecosystems: Strategies for Competitive Advantage in a Complex World by Mark Millar provides a multi-dimensional look at supply chains. The ecosystem concept was originally used by the Financial Times to describe the increasingly complex nature of business in general. When it is applied to supply chain operations, it provides us with the idea that chains are more spherical than linear and non-consecutive.
One of the things I realized early in my reading of the book is that Millar is writing from a much different perspective than the authors we am used to hearing from. His biography lists him as a speaker, presenter, and board member. His view of supply chains in general, and their potential value contribution to the modern competitive enterprise, is more elevated.
For instance, there is no lament that supply chain leaders do not often enough have an established position at the executive table – Millar has held too many executive level roles at globally recognized companies for that to make any sense. Instead, he advocates for supply chain leaders to play a greater role in the boardroom. He also poses a compelling question about when CEOs will realize that, in fact, the supply chain IS the business. This realization will change both the influence trajectory of supply chain operations and the ability of the enterprise to adjust to changing conditions.
Marketing is positioned as a critical internal partner for supply chain, with Finance as more of a secondary concern – another break from the status quo that make me think that a view from the trenches is causing us to unknowingly pursue limited strategies.
Some things seem to be the same no matter how high your role is. Collaboration is acknowledged as a challenge, rooted in the natural human inclination to hold information close to the vest. I liked the points Millar made about visibility – something we all pursue more of - only being possible through collaboration. Because of the interconnected nature of supply chain ecosystems, visibility can only be achieved through collaboration because at this point one internal operation, no matter how robust) is like looking at a single data point.
The requisite topics of risk (which is related to but not synonymous with vulnerability) and talent (where challenges exist in both developed and undeveloped economies) both make an appearance. More compelling is Millar’s discussion of trade agreements, both new and proposed, and how they can be anticipated to affect business strategy. Compliance with these agreements must be pursued at multiple tiers of the chain, especially in more heavily regulated industries.
Looking forward to a future of supply chain innovation, infrastructure investments are key, requiring public and private sector entities to work closely together (note: this is the second supply chain title in as many weeks that I have read this idea in. The blurring of the line between the two sectors is something to watch). Warehouse robotics, 3D printing, drones, and omni-channel supply chains (something you are actually familiar with even if you don’t know the term) are all being explored by thought leaders for their potential contributions to competitive advantage.
The book is light on in-text citations, especially around numbers and statistics, something that only research wonks like me probably care about. I would think of reading this book like getting the opportunity to pick the brain of someone well beyond your pay grade over lunch. Millar is open about his ideas, most of which push us to set our goals higher than many of us think is possible. You just have to be prepared to overcome some of your fears to accomplish them.
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