Supply-chain paradigm shift
The third major wave of change is the paradigm shift around perceptions and tolerance levels relating to supply chains and supply risks. As global networks and connectivity grow and as previously marginalized groups become socio-economically empowered – there is less tolerance for disruptions to the supply of information, products and services.
This is accelerating the process of disintermediation, shortening supply chains and blurring traditional boundaries between producers, traders, distributers, consumers and stakeholders.
Resource and infrastructure sector businesses must – and are – increasingly developing innovative preventative measures and contingency plans for supply disruptions and losses from natural disasters, piracy, theft, terrorism and military conflict – such as cyber-security, satellite-based maritime surveillance, logistics management technologies – and smart infrastructure systems.