Global Trade Shifts Focus to Supply Chain Resilience š
⢠Global Shift: Supply chains are moving from pure cost/efficiency to strategic resilience to survive geopolitical tensions, climate events, and route disruptions. ⢠Core Pillars: ⢠Diversification: Sourcing across multiple regions, alternative ports, and freight providers to prevent single-source failure. ⢠Technology: Using real-time tracking, digital platforms, AI, and predictive analytics for early hazard detection and visibility. ⢠Flexibility & Inventory: Combining multimodal transport (sea, air, road, rail) and adopting strategic safety-stock models over strict lean inventory. ⢠Sustainability: Integrating energy-efficient operations and eco-friendly logistics to mitigate long-term climate risks. ⢠Sri Lanka's Opportunity: Proximity to major sea lanes positions the nation to strengthen port infrastructure, logistics parks, digital trade services, and modern customs to enhance its standing as a regional transshipment hub. ⢠Local Business Impact: Key national trade sectors including tea, apparel & textiles, and ICT/BPM can build competitive resilience through supplier diversification, contingent planning, and improved shipment monitoring.