Similar to what Cisco has done to recreate a resilient global supply chain, can we create a responsive and resilient food supply chain through Singapore?
Singapore as a transhipment hub thrives on breaking bulk and creating a wide variety of assortments for the region. It is critical that the inflow to Singapore be resilient to minimize cost over huge economies of scale.
How do we create resilient inflows? For food supply chain, one way is to be able to respond quickly to changes in food harvesting conditions. One practical way of going about this is to overlay food harvest locations over the world and and current supplies on the world map. One will then see where supplies are from currently and where are the alternative supplies. Overlay this data with sea/airfreight lead times. This will allow importers to adjust their reorder points quickly in bad weather affecting harvests. Overlay real time weather data for buyers/purchasers to assess impact to inflows and quickly identify alternate sources.
Algricultural produce regions and volume can be found at US agriculture records. Freight lead times can be gotten from maritime data sources. Weather as natural disasters now come in geoRSS feeds. Experienced buyers will be able to provide ratings weather events as a risk factor that one can multiple volume with to assess potential impact. If potential impact is large, the buyer can consider alternative supplies.
With historical data, one can also do a regression on weather patterns and food harvest yields and prices. For more accurate risk factor value.
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