, APAC
278 views

Subway supply chain partner urges businesses to focus on risk management strategies, ability to be flexible

IPC Asia Pacific plans to continue securing shorter supply chain routes from existing and alternate suppliers.

The president and chief executive of Subway’s procurement and supply chain partner urged businesses to focus on their risk management strategies and the ability to be flexible.

“We have a continual spotlight on business continuity and risk management strategies within the supply chain. Where products are sourced and how long they take to arrive at their destination means that short and long lead times and local, regional, and global options need to be part of business planning,” IPC Asia Pacific’s Duane Barber said in a media release.

“In addition, the ability to pivot is critical as we continue to operate in changing environmental, political, and social landscapes."

Barber said Russia and Ukraine provided more than a quarter of all global wheat exports.

“Sanctions, disruptions and port closures in the Black Sea have already seen market prices for wheat spike by 20-25 per cent,” he said, adding that other grains and oils had seen similar price spikes.

“In addition, freight rates and container prices were already at record highs, even before the invasion.”

For IPC Asia Pacific, the focus had and would continue to be securing shorter supply chain routes from existing and alternate suppliers and having alternate plans to mitigate potential write-offs and losses.

“We’re weathering the storm, reducing the disruption to restaurant supply in our region. We continuously review our choice of partners across the region to ensure they can withstand the financial pressures caused by this perfect storm of disruption with more stringent risk management processes,” Barber said. “COVID-19 was a little different, of course. It created challenges for the stock on hand position and forecasting as volumes varied wildly and shipping became less predictable.”
 

Follow the link for more news on

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Marrybrown launches Japan-inspired menu
In the past year, Marrybrown said it incorporated various flavours from Korea, Thailand and Italy. 
Singaporeans most likely to eat takeaway food several times a week: YouGov
From the 22 markets in YouGov’s study, Taiwan and Thailand are the markets where people are most likely to buy takeaway food more than once a day.
Research

Exclusives

2021: Year In Review
We look back at the highs and lows of the Asian multi-site restaurant industries these past twelve months.
Subway APAC president: regional growth can match U.S. foothold
In his first-ever interview with QSR Media, Eric Foo details the chain’s expansion targets and stressed their ongoing investment in digital engagement.
How EFG is rethinking its brand portfolio to turbocharge post-COVID growth
Managing director Martin Darby elaborates on the company’s omnichannel strategy and reveals key advantages of handling brands from various franchisors.