Business leaders, logistics experts, and tech innovators convened at the 13th Annual Global Supply Chain Excellence Summit in Long Beach, California, this week, addressing mounting concerns over tariffs, trade disruptions, and the urgent need for adaptive solutions. Hosted by the University of Southern California's Marshall School of Business, the event highlighted strategies to balance sustainability, resilience, and digital transformation in an era of geopolitical and economic volatility.
Executives emphasized the growing strain on global trade networks, with rising tariffs complicating cost projections and supplier relationships. Port authorities shared insights on reducing bottlenecks through AI-driven logistics platforms, while sustainability advocates pushed for greener shipping alternatives. Discussions also explored blockchain applications to enhance transparency in cross-border transactions.
The summit underscored a collective shift toward regionalized supply chains, with several panelists advocating for 'nearshoring' manufacturing hubs to mitigate risks. However, debates persisted about balancing efficiency with ethical labor practices and carbon reduction targets.
Reference(s):
Businesses fret over global supply chain, trade amid tariffs
cgtn.com