May 14, 2009 LQ Symposium
LQ’s May 14 2009 Symposium
Top Line Performance in an Unpredictable Business Environment: Strategies to Transform Your Supply Chain
Today’s bitter economic downturn affords us an opportunity to rethink and refine supply chain practices. LQ’s May 14th Symposium will focus on answering questions such as: What are some of the opportunities afforded by today’s supply chain challenges and how will supply chains emerge from the financial downturn we’re facing?
An example of one trend and a short-term response is the practice of “destocking” by firms that have purchased inventory some time ago and as the price of this product has dropped they have been compelled to write it down and, not surprisingly, they are often reluctant to restock.
Instead, firms could develop more efficient and flexible supply chains to facilitate emerging from today’s economic circumstances with stronger more adaptable supply chains, capable of making the most of a rebounding economy.
It’s LQ's view that the financial downtown is prompting more businesses executives to identify new opportunities with fresh thinking in order to apply innovative solutions. Manufacturers changed their business practices and reshaped their supply chains, for example, during the 1970s downturn. In the early 1990s the recession prompted more outsourcing growth. In other words, when the economy is growing many companies continue to do what they've always done. But in tough times, there is a tendency to apply fresh thinking and consider entirely new ways of doing things. Today, the drive to create new business efficiencies is unprecedented. And there are plenty of areas to improve on:
• It’s estimated consumer product and retail firms lose an estimated $40 billion annually or 3.5 percent of their sales due to supply chain inefficiencies in the U.S.
- The gridlock in our cities is calling for more agile and flexible transportation operations. Gridlock on congested U.S. highways – a well-documented problem - is estimated to cost $78 billion annually.
- Green Supply Chains: More companies are focusing their efforts on developing greener and sustainable supply chains to reduce their carbon footprint and find new efficiencies.
Background on LQ's Symposiums
LQ’s Symposiums are unique. They offer:
Thought leadership from across North America
Short, insightful presentations by keynote speakers
Discussion-based sessions - LQ's "Executive Exchange" of ideas
Limited seating to ensure a friendly and personalize exchange of ideas
Good partnerships are essential in a global economy. In fact, according to the late Robert V. Delaney in his 11th Annual State of Logistics Report, "relationships will carry the logistics industry into the future?" Developing and improving relationships with 3PL providers in a global economy, however, is often not easy for logistics users and providers.
LQ's Executive Exchange is an international forum to exchange ideas between leaders from Canada and the United States. In today's global economy, Canada and the United States remains a partnership that is, in many ways, unique. Trade last year between the United States and Canada almost matched that of the United States and the combined 25 member states of the European Union.
LQ's Executive Exchange builds on a tradition of introducing and demonstrating new leading ideas by senior-level practitioners in North America for supply chain management executives.
This Executive Exchange's keynote speakers will cover topics designed to help improve your company's global performance. Join us, and participate in a program that provides collective thinking and passion to find solutions in a world with emerging economies, unprecedented technologies and new business models.
LQ's Executive Exchange will break new ground in supply chain knowledge sharing – up to half of the session time will be dedicated to a workshop format to discuss the practical applications and implications with the world class speakers and other logistics leaders that attend