RIS RISK & OPPORTUNITIES KAMALASEN CHETTY, SOUTH AFRICA 09 MAY - - PowerPoint PPT Presentation
RIS RISK & OPPORTUNITIES KAMALASEN CHETTY, SOUTH AFRICA 09 MAY 2020 WE ARE LIVING THROUGH UNPRECEDENTED TIMES ARE WE REALLY 4mil 3mil 50mil DEATHS DUE TO DEATHS DUE TO HUNGER CANCER BIRTHS 600k 850k
KAMALASEN CHETTY, SOUTH AFRICA 09 MAY 2020
150 by spouse/partner per day (www.unwomen.org)
BIRTHS DEATHS
DEATHS DUE TO HUNGER DEATHS DUE TO CANCER ALCOHOL RELATED DEATHS HIV/AIDS RELATED DEATHS DEATHS DUE TO MALARIA DEATHS DUE TO WATER BORNE ILLNESSES
THE VIRUS DOES NOT CHOOSE A HOST BASED ON:
BUSINESS REPRIORITIZATION FINANCIAL ASTUTENESS SOURCING STRATEGY
DO NOT EXIST, AS WE HAVE NOT PLANNED FOR THIS LEVEL OF DISRUPTION
REVIEW PREVIOUS COMMITMENTS CONSIDER FINANCIAL DECISIONS UP & DOWNSTREAM IMPACT CHANGING LANDSCAPE DEFERRING BUSINESS PLANS PRODUCT LAUNCHES IMPLEMENTATION/UPGRADES SUPPLIER SEGMENTATION (KRALJIC) RECONSIDER MASTER SUPPLIERS HOW HAVE SUPPLIERS EVALUATED IN THE PAST BEEN IMPACTED
WE ARE ALL TRYING TO UNDERSTAND THE SITUATION, HOWEVER THERE IS NO EXACT ANSWER AS TO WHEN THE MARKET WOULD RECOVER A VERY DEMANDING CONSUMER IS WATCHING CLOSELY
GEN Z (DREAMERS) WATCHED PREVIOUS GENERATION ALLOW MILLIONS OF JOBS TO SLIP LIP OU OUT OF OF THE COU OUNTR TRY GEN ALPHA (I-GEN’ERS) CAUTI TIOUS, LESS OPTIMISTIC, MAYBE LESS NAIVE
https://www.nielsen.com/us/en/insights/article/2012/the-global-socially-conscious-consumer-2/
66% - Environmental sustainability, and 50% protection of animals Nielsen report, 2012 Today they hear about natural rehabilitation of the earth, with flourishing of wild life. Today they get involved with family initiatives to serve destitute communities/individuals. 53% - Eradicating hunger 48% - Increase access to clean water Today they hear about washing their hands for 20 seconds. 45% - Promote gender equality 44% - Support small business and entrepreneurs, with projects that support the local communities Today they hear about inequality within the community and workplace. Today they hear about countless job losses in their home towns. Wants industry and corporations to drive change
https://www.nielsen.com/us/en/insights/article/2012/the-global-socially-conscious-consumer-2/
Rethink local market needs, recovering from this catastrophe requires investment at local levels.
Drive stronger connection with your consumer, and solve your ‘’sources of supply’’ to mitigate future risks.
DON’T LOSE SIGHT OF THE CONSUMER CREATE LOCAL EMPOWERMENT OPPORTUNITIES, ETHICAL SUPPLY CHAINS SOCIAL RESPONSIBILITY
In summary
https://www.odwyerpr.com/story/public/13499/2019-12-09/fairness-sustainability-defines-alpha-generation.html https://www.manufacturing.net/home/article/13184824/heres-what-marketers-should-learn-about-generation-alpha https://www.nielsen.com/us/en/insights/article/2012/the-global-socially-conscious-consumer-2/