CEO Josh Wood emphasized the importance of interconnectedness in the supply chain, highlighting the need for comprehensive legislation to enhance supply chain resiliency and job creation. The Council is pushing for policy changes that address the entire supply chain rather than focusing on individual segments such as ports or trucking. Hussain pointed out that the interconnected nature of the supply chain means that policies affecting one area can have unintended consequences for another. The recent CrowdStrike IT outage exemplifies the impact of supply chain interconnectivity, demonstrating the need for resilience in the face of such challenges. Wood stressed the importance of redundancy and real-time data sharing within the supply chain to enhance resiliency.

Source: Wall Street Journal July 26, 2024 03:45 UTC