In 2008, Global Supply Chain Group was approached by a client in the Solar Thermal industry. This was a $200 million business with very sophisticated technology. Even though the client had spent nearly 15 years perfecting the new technology, they had virtually no supply chain.
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Sood and his team created the whole supply chain from scratch, which involved scouring through all suppliers on earth to manufacture parts that had never been manufactured before.
Due to very high technical requirements, no more than 10 vendors on earth could do contract manufacturing.
The prospects were bleak at many points, with suppliers refusing to engage with a low-key startup energy company at the time. Finally, out of 16 potential vendors, the team picked suitable vendors and successfully created a multi-billion dollar worth of supply chain.
Finally, out of 16 potential vendors, the team picked suitable vendors and successfully created a multi-billion dollar’s worth of supply chain.
That was after some strenuous economic and technical due diligence processes, where Sood and his team drove to the European mid-winter to assess manufacturing sites that could be 900 miles away. Nonetheless, the total project time was 18 months instead of 5 years as it would normally take other companies.
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