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This Week in Consulting

Friday, April 6th, 2018

Blockchain in Supply Chain

THIS WEEK’S MUST READ

“Through blockchains, companies gain a real-time digital ledger of transactions and movements for all participants in their supply chain network. But don’t let the simplicity of the tool overshadow how transformational it is.”

Blockchain is more than just an instrument of finance, in fact calling it a ledger recording only transactions is misleading. It is more of a ledger recording “agreements”. It is an immutable system which records the history of “deals” made between two or more parties, in which neither party can go back and change the terms. Thinking along these lines, you will realize blockchain has innumerable functionalities apart from merely keep a record of financial transactions. One such use is transforming the future of supply chain.

This Week’s Must Read features an insight piece from EY, in which the consultant examines the power of a blockchain-enabled supply chain and how companies can integrate blockchain into their current supply chain infrastructures.

Read the Full Article “How blockchain is revolutionizing supply chain management”, written by Paul Brody from EY.


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THIS WEEK’S VIDEO:

Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting.

INDUSTRY NEWS & INSIGHTS

  • Ankura Consulting Group Acquires US c3/Consulting: c3/consulting, Nashville’s leading management consulting firm, has completed its sale to Washington D.C. headquartered Ankura. The transaction, which is anticipated to close by the end of the month, will see Ankura grow its headcount to over the 500 milestone, while enabling c/3 to expand its profile across the United States. | Cision PR Newswire
  • Navigant Expands into Australia with Sydney and Perth Offices: Global professional services group Navigant has expanded its consulting capacities into Australia. Sydney and Perth will host two new offices for the firm’s Construction arm, as the firm continues its campaign of international expansion. | Navigant Press Release
  • Wavestone Close to Acquiring UK-based Technology Consulting Firm: Wavestone intends to accelerate international development with the acquisition of a UK consultancy in the coming month. The global consultancy has announced that it has entered into final negotiations to complete a 100% acquisition of the unnamed firm’s capital. | Actusnews Wire
  • P2 Consulting and Brexit Partners Collaborate for Post-EU Advisory Offering: With the end of Brexit negotiations now under a year away, Brexit Partners has announced a new partnership with P2 Consulting, a leading project and change management consultancy. The focus of the partnership is to help organisations understand and respond to the challenges and opportunities of a dreaded ‘Hard Brexit’. | Brexit Partners

THOUGHT LEADERSHIP

  • Blockchain: The Backbone Of Digital Supply Chains: Blockchain is more than a pure electronic data interchange (EDI) – it is the backbone of digital supply chains, offering distinct advantages over today’s conventional supply chain IT infrastructure and analytics capabilities.  | Michael Lierow, Cornelius Herzog, Philipp Oest, Oliver Wyman
  • How Blockchain Will Transform and Simplify the Supply Chain: Second only to finance, supply chain is arguably the fastest evolving area in business technology. Even basic application of blockchain technology in supply chains can deliver major cost and efficiency benefits—from connecting with suppliers and customers to enormous reductions in transaction volumes and irregularities.  | Joseph Francis, Accenture
  • Blockchain in Supply Chain Management – Why the Trust Machine Can be a Game Changer for the Delivery Process: Which specific Supply Chain challenges can be addressed? What impact will it have on the design of future Supply Chains? And how can a potential prototype combine the strengths of a shared ledger technology like Blockchain to address these challenges? Here are the answers | Thomas Steigerwald, Ole Borgers, Capgemini
  • Does Your Supply Chain Need a Blockchain?: In virtually every industry, complex ecosystems are emerging to produce our increasingly smart, connected products. These ecosystems are straining our traditional approaches to supply chain management (SCM). | Amit Ganeriwalla, Michael Casey, Prema Shrikrishna, BCG

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  • Are you a Consultant with Supply Chain background or prior experience working in Retail/CPG? This may be the opportunity you have been long for. A Client of Consulting Quest – an Asia-based small Global Consulting Firm – is seeking to hire an Engagement Manager to join their newly established office in New York City.  Learn More  

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About The Author

Hélène Laffitte

Helene is the CEO and Co-founder of Consulting Quest. She launched Consulting Quest in 2014, driven by the idea that a global performance-centric Consulting service platform would greatly benefit clients by helping them source better.  Helene’s background in Engineering, Consulting, Procurement, and Industrial Strategy has contributed to the creation of an extremely athletic business model, set to change the way consulting is procured.