Deep Dive 2024 - Unlocking Economic Value with Product Quality

Bureau Veritas CPS

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Speakers:

Lewis Bacon
GLOBAL PRODUCT MANAGER, BVCPS
 

Michael Wu
HEAD OF CLIENT SOLUTIONS IAC, BVCPS
 

Marinela Perucho
REGIONAL MANAGER - OPERATION, BVCPS

 

Description:

In this comprehensive Session, Lewis from Bureau Veritas Consumer Products Services leads a discussion with co-speakers Marinella Peruccio, Regional Manager for supply chain in Southeast Asia and Walmart's Asia key account manager, and Michael Wu, Head of Client Solutions in the supply chain and sustainability global business line. The session focuses on addressing current supply chain challenges, particularly emphasizing geopolitical uncertainties affecting production transfer and quality assurance. The speakers highlight how factors like inflation, conflicts, energy decoupling, and tariffs are driving trends in offshoring and nearshoring, which subsequently impact quality management costs. The discussion emphasizes the importance of transitioning from traditional penalty-based quality control systems to improvement-focused approaches, where suppliers can benefit from quality ownership while reducing costs associated with defect penalties. The Session stresses the significance of supply chain alignment and introduces Bureau Veritas' supply chain advisory program, which combines existing solutions with expertise across consumer product lines to create customized solutions addressing specific client pain points, particularly in response to rapidly evolving market demands and new technologies.