China’s economic downturn has put many industries in struggle and made imperative for companies to better manage their supply chain. The European Chamber cordially invites you to explore the new trends in supply chain management that MNCs and Chinese organisations are starting to adjust in the face of 'New Normal'.
European Chamber is delighted to have Mr. Joseph Roussel, Global Operations Advisor, PwC to share his insights around the China's New Normal of slower growth, what impact the economy is having on different sectors, and how being fit for growth.
Cost: Ruthless cost cutting is in vogue and here for years
Rapid growth can no longer protect margins from underlying cost inflation or the inefficiencies of poorly streamlined supply chains. CxO's attention is moving to a multi-year focus on systematic cost reduction to enable efficient growth whilst protecting margins in a less stable economic environment. A whole host of options are now being worked through China: Operational Consolidation (e.g. Shared Service Centres Operational Integration), Strategic Sourcing Programs, LCCS, Lean Operations, Factory Footprint analysis and Value Engineering programs.
Customer: An expanding multi-segment customer base demands new capabilities
The customers of tomorrow are not just the customers of today. They are located further inland and across many smaller cities and towns. They increasingly research, compare, and buy on line and are aware of the disparity in pricing across channels and borders. But they all want higher service levels at lower price points. Understanding who your customers are and will be, how they can be segmented based on their product and service requirements and what this will demand of your supply chain in order to survive and thrive is critical and will require time to implement.
Innovation: A new option for advantage as competitive intensity rises
Companies competing on Innovation not only need speed, time to market, but also time to volume to satisfy demand. This means tighter integration of the supply chain with the design/development chain which requires coordination of processes, assets and information. In the immediate term, more responsiveness and flexibility through better integration can help fulfil demand at better prices and with controllable costs, will pave the way for strategic bleeding-edge capabilities like Industrial 4.0 which, given the massive increase in R&D and substantial manufacturing base, might just happen first in China.
Agenda:
15:30 - 16:00 Registration
16:00 - 16:10 Welcoming Remarks
16:10 - 17:00 “Adjusting for a China/Global 'New Normal' (Cost, Customer and Innovation)” by Mr. Joseph Roussel, Global Operations Advisor, PwC
17:00 - 17:30 Q&A Session
Terms & Conditions:
Events have limited seating so to ensure your attendance we encourage advance online registration and payment for ALL events. We cannot guarantee entry to anyone not registered in advance.
All our events are held in English and are off-the-record unless otherwise stated.
Cancellation Policy:
If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.
To cancel you can: 1) email jli@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.
