Global Supply Chains in the Spotlight: Professor Ram Ganeshan Discusses Emerging Trends on RVA Today
Professor Ram Ganeshan, the D. Hillsdon Ryan Professor of Business at the Raymond A. Mason School of Business at William & Mary, shared his insights into the evolving world of supply chain management during a recent appearance on RVA Today. As an authority in supply chain logistics, Professor Ganeshan explored the current challenges and innovations shaping the future of global supply chains.
During the interview, Professor Ganeshan emphasized supply chains' increasing complexity and globalization, using the example of tech giant Apple. "Although designed in California, Apple products involve thousands of businesses and individuals from over 50 countries to manufacture, distribute, and service their devices," he explained. He highlighted how this global interconnectedness also leads to leveraging expertise wherever it exists, concentrating supply risks. For instance, a significant portion of the world's semiconductor chips are produced in just three countries: South Korea, Taiwan, and Japan. A disruption in any of these regions can send ripples through the entire global supply chain, as seen during the COVID-19 pandemic.
Looking ahead, Professor Ganeshan discussed potential risks in the coming years, particularly the impact of geopolitical changes and tariffs. He noted that while tariffs may increase business costs, they could also spur efforts to bring manufacturing back to the U.S. "The goal is not only to reduce risk but also to support American manufacturing and employment," he said.
Professor Ganeshan recommended diversifying supply chains and considering local manufacturers for businesses looking to mitigate these risks. "It's about managing risk and improving the resilience of your supply chain," he advised.
The conversation also turned to the impact of global supply chain dynamics on business education. Professor Ganeshan explained that the Raymond A. Mason School of Business's Executive MBA program gives students a global perspective through immersion trips in countries like China, Singapore, Israel, Brazil, and more. These experiences expose students to diverse business environments and cultures, preparing them for leadership roles in an interconnected world.
With his expertise, Professor Ganeshan provided a comprehensive view of the rapidly changing landscape of global supply chains, offering practical advice for businesses and future leaders alike.
For more information on the Executive MBA program at William & Mary, visit mason.wm.edu.
