Sankshetra aims to provide a dais where the veterans from the industry will interact and reflect with the budding managers on the recent trends and developments in Operations and Strategy. This year’s panel discussions are centered around the changing nature of the business landscape in both – Operations and Strategy spheres in light of the current pandemic and will be conducted in online mode.
The conclave aims to provide the student fraternity at IIM Amritsar with a holistic view of how a cohesive and competitive market responds dynamically to varying conditions. This year’s theme for the panel discussion on Operations Management would be – “Reinventing Supply Chains for Post-Pandemic World,” focusing mainly on the restructuring of supply chains and understanding the best practices across the industry in light of the current COVID-19 scenario. The Strategy panel will revolve around “Evolving Strategy and Consulting Amidst Changing Socioeconomic Outlook,” delving into how consulting strategies will evolve to accommodate changing business models and Socioeconomic outlook.
Supply chains have been inflicted by disasters in the last decade — including earthquakes, tsunamis, floods, and hurricanes but most companies still find themselves unprepared for the COVID-19 pandemic. With countries facing lockdowns, travel restrictions, manpower shortages, halted production, etc., the worldwide outbreak of COVID-19 has exposed the vulnerabilities of global supply chains.
The reinvention of supply chains is necessary to absorb this large-scale disruption caused by the pandemic. The key is to understand the best practices followed across the industry and the role of technology in improving supply chain visibility. The theme attempts to encapsulate this new normal in supply chain design, discussing the strategies to minimize the effects of disruptions and bounce back at the earliest.
The Coronavirus outbreak marks a major blow to the Strategy and Consulting domain as a whole. However, like any other crisis, it could also present an opportunity to formulate new strategies and improvise the existing ones. This topic delves into the disruptions caused by the pandemic across industries and how consulting strategies are evolving to accommodate changing business models amidst a Socioeconomic outlook.