Supply chain transformation isn’t easy. Statistics suggest that 70 percent of all transformations fail and 88 percent stop short of achieving their original objectives.
Compare that to another kind of challenge - like climbing to Everest Base Camp, where 60-70 percent of all people who start the journey make it to the top. Could this possibly mean that climbing Mount Everest is easier than transformation?
No, says this episode’s guest - but we can take a lot of lessons from why the Mount Everest success rate is higher. For one thing, climbers respect the challenge from their first moment of planning to reach the summit.
In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Ketul Patel. Ketul is the President of OMIIA Consulting, where he leverages his 30+ years in supply chain to help companies balance strategic intent and operational execution in pursuit of sustainable business success. Ketul is also the author of a newly published book, A Journey of Elevation: Lessons for Business Transformation from Everest Base Camp.
Highlights
Ketul compares the challenges of extreme climbing and supply chain transformation to offer advice about:
- Accepting that progress is not a straight line, and everyone has to agree on a shared definition of success
- How to overcome the inevitable obstacles that sit between, “Let’s do this,” and “We did it!”
- Why the decision to turn back or change plans should never be seen as failure - or as a matter of ego
