A common word used to describe today’s global supply chain is volatility. It is a familiar topic for the chemical industry and one LogiChem 2012, the 11th Annual Chemical Supply Chain & Global Logistics Conference, put center-stage.
The three-day conference held in April in Antwerp, Belgium, assembled top experts from the chemical and supply chain industries to share strategies for managing the challenges of economic uncertainty and emerging markets.
Attendees heard case studies from top chemical manufacturing companies and shared best practices on supply chain strategies, demand planning, and improving operational performance and logistics management by establishing key performance indicators.
OL&T’s Managing Director of European Headquarters, Toine Matthijssen, discussed the benefits of a strategic partnership with a Lead Logistics Provider (LLP) for effective management of today’s global supply chain.
Mr. Matthijssen provided three key elements for the successful implementation of an LLP partnership.
- A commitment by the company for identifying and supporting a Project Lead
- An alignment of objectives between the company and the LLP
- The development of the best integration model for the company’s logistics services
“There is a lot of volatility in the global supply chain,” explained Mr. Matthijssen, “there is more uncertainty and companies are taking a longer time to define their logistics and supply chain strategies.”
Mr. Matthijssen cautioned about the danger of “doing nothing,” where companies lose the full benefit of service, cost controls, and efficiencies that the right partnership delivers.
Copies of the presentations are available for download for attendees of the event at the LogiChem 2012 site.