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New business models are needed

In an increasingly globalized business environment, it is essential for companies to stay ahead of the curve when it comes to their supply chain models.
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Global supply chain blogs

Global Supply Chain Group - vivek BWVivek Sood: Sydney based managing director of Global Supply Chain Group, a strategy consultancy specializing in supply chains. More information on Vivek is available on and more information on Global Supply Chain Group is available 

Vivek is the Managing Director of Global Supply Chain Group, a boutique strategy consulting firm specialising in Supply Chain Strategies, and headquartered in Sydney, Australia . He has over 24 years of experience in strategic transformations and operational excellence within global supply chains. Prior to co-founding Global Supply Chain Group in January 2000, Vivek was a management consultant with top-tier strategy consulting firm Booz Allen & Hamilton.

Vivek provides strategic operations and supply chain advice to boards and senior management of global corporations, private equity groups and other stakeholders in a range of industries including FMCG, food, shipping, logistics, manufacturing, chemicals, mining, agribusiness, construction materials, explosives, airlines and electricity utilities.

Vivek has served world-wide corporations in nearly 500 small and large projects on all continents with a variety of clients in many different industries. Most of projects have involved diagnostic, conceptualisation and transformation of supply chains – releasing significant amount of value for the business. His project work in supply chain management has added cumulative value in excess of $500M incorporating projects in major supply chain infrastructure investment decisions, profitable growth driven by global supply chain realignment, supply chain systems, negotiations and all other aspects of global supply chains.

Vivek has written a number of path breaking articles and commentaries that are published in several respected journals and magazines. Vivek has spoken at several supply chain conference, forums and workshops in various parts of the world. He has also conducted several strategic workshops on various aspects of supply chain management. He received his MBA with Distinction from the Australian Graduate School of Management in 1996 and prior to these studies spent 11 years in the Merchant Navy, rising from a Cadet to Master Mariner.

More information on Vivek is available on  and more information on Global Supply Chain Group is available on

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In the modern world, businesses are changing rapidly and new business models are essential for companies to keep up. Businesses have to be flexible enough to keep up with an ever-changing market, recent shifts in customer expectations, and technological advancements. Companies must constantly innovate or risk being left behind; this is why new business models are needed.


Organizations can capitalize on opportunities by finding innovative ways of meeting customer needs that generate a better return on investment than traditional strategies. A successful business model should offer services that match customer demands at a cost that fits their budget while still providing an adequate return for the company’s efforts. Businesses should consider how they can leverage digital platforms and emerging technologies such as artificial intelligence, cloud computing and analytics in order to differentiate themselves from competitors and stay ahead of trends in the marketplace.

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New business models are a necessity in today’s economy. They can be the difference between a successful enterprise and one that fails to keep up with its competition. In order to develop an effective business strategy and operations, it is important to consider how new business models can benefit a company.
Such models should provide clear directions and objectives on how different components of the organization should function together towards shared goals. They must also include strategies for adapting to changing customer needs and industry trends. Furthermore, operations should be tailored accordingly in order to ensure optimal results across all areas of the business.

Flexible approaches need to be taken when developing new business models so that companies are able to react quickly and efficiently when opportunities arise or challenges present themselves. This includes having well-defined processes such as sales and marketing plans, customer service initiatives, financial management systems, etc.

In the modern age, new business models are needed to stay ahead of competition and ensure sustained success. It is essential for organizations to adopt a fresh approach that can help them better respond to changing markets and customer needs. A smart new business strategy should focus on leveraging technology to create efficiencies, identifying opportunities for growth, and optimizing operations.

Companies must strive to think outside the box when creating their new business models. They need to develop innovative products or services that will differentiate them from existing competitors in the market. Organizations should also invest in advanced analytics tools that can provide valuable customer insights which they can use to tailor their offerings accordingly. Additionally, they must analyze current trends and identify potential opportunities for further expansion.

Organizations should also consider implementing strategic partnerships with other companies as a way of accelerating growth and staying competitive in their respective industries.

The need for new business models goes far beyond the current economic crisis. While traditional approaches continue to be effective, there is an opportunity and imperative to innovate. New business models provide a chance to increase efficiency and reduce costs, which have both long-term implications for the sustainability of any given enterprise.

Changes in customer demands and preferences necessitate a shift in thinking around how companies are structured and how they deliver value. Companies must look beyond what has worked in the past and embrace more creative solutions that help bring their visions to life. This requires strategic assessment of capabilities, resources, partnerships, and marketing approaches, pricing strategies, technology investments and organizational frameworks.

Furthermore, it is necessary to evaluate opportunities within adjacent markets as well as potential disruptors external to an organization’s industry or sector that may require a radical response if competitive advantages are not maintained or gained.


In conclusion, it is clear that the current models of business are no longer adequate to meet the demands of a rapidly changing world. The only way to ensure success in this environment is to innovate and create new business models that can adapt quickly and effectively. This requires companies to dedicate time and resources into research and exploration, especially when it comes to identifying emerging trends. Only then will businesses be able to remain competitive, creative open-minded, delivering value for their customers in all areas. With these steps businesses can secure their future by staying on top of industry developments and taking advantage of any new opportunities as soon as they arise.



The global supply chain of products is an immense and complex system. It involves the movement of goods from the point of origin to the point of consumption, with intermediate steps that involve resources, materials and services to transport them. A supply chain encompasses activities such as purchasing, production, distribution and marketing in order to satisfy customer demands. Companies rely on a well-managed supply chain to meet their business goals by providing quality products and services at competitive prices.

Efficiently managing a global supply chain requires considerable effort, particularly when dealing with multiple suppliers located around the world. Complex logistics tracking systems are needed to monitor product movements from one place to another. Technologies such as artificial intelligence (AI) can help companies keep track of shipments across different locations for greater visibility into their processes.

what did Our Reader say?

(549 rating) 1676,People
global supply chain group

Chief Operating Officer Graphite Energy

I have experience with many of the well-known top-tier strategy firms but chose Global Supply Chain to support me on my supply chain projects. They always meet and exceed my expectations due to the quality of the work, the ability to work collaboratively with internal teams, and the flexibility to adjust the project approach when required.

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CEO - Large Global transnational corporation From: FOREWORD - OUTSOURCING 3.0

When I engaged Vivek’s services for supply chain transformation in one of the companies I was heading, we expected the careful and methodical approach that he was famous for... I was pleased to note that the original target set for 3 years was surpassed by almost 70% in just 18 months.

global supply chain group

Vice-President Supply Chain Asia Pacific

I have used their services for several business transformations and workshops in many companies. Each time an outstanding workshop and project result was delivered ensuring the success of the business transformation project. Savings surpassed $25 Million per annum in one case. Very powerful ideas, were implemented very diligently.

Global Supply Chain Group - Jean Briac Le Dean

Jean-Briac Le Dean
Co-Founder & Agen

Vivek is a very collaborative and open leader who leads teams by example. Whether internal teams, or clients teams, all are impressed by his intensity, energy level and drive to make things a little better.

Global Supply Chain Group - Lorna Calder Johnson

Lorna Calder Johnson
Omni-Channel Product Marketing
P & L Executive

Vivek's transformation expertise is apparent from his results and dedication to operations and supply chains. His strategic expertise, knowledge and network make him a standout even among an excellent team.

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