Live Blog – International Trade Policy Breaking Point, Panel 3

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12:00 pm — Lisa wraps it up. Time for a Blackberry/iPhone break, then lunch. Quite a first event, we must say.

11:58 am: Using Monte Carlo simulation for finding where the best decisions lie. Click here to join the simulcast now!

11:53 am: Question from Alistair Stuart at Galapagos Advisors: How would a medium sized manufacturer be able to leverage volatility to their competitive advantage? “Certainty is certainly worth something,” says Devine. Be good at what you’re good at doing for your customer, is the bottom line. Click here to join the simulcast now!

11:49 am: Q&A begins! So how do companies model volatility? Not just expected cost, but expected distribution and expected costs must be factored together. Devine on Monte Carlo. Click here to join the simulcast now!

11:47 am: The classic Make vs. Buy function: the “Make” decision forces the distribution question, and how often it’s a good call. Click here to join the simulcast now!

11:45 am: Not much time left — make sure you catch the last of Lisa Reisman and Sean Devine’s conversation and audience questions and Click here to join the simulcast now!

11:40 am: In terms of TLC, where do people get it right? Where do people get it wrong? Click here to join the simulcast now!

11:38 am: Having my own technical difficulties – laptop battery! Bah! Must…grab…AC…cord.

Source: Sheena Moore

11:35 am: What does Magritte’s painting “Ceci n’est pas une pipe” (“This is not a pipe”) have to do with any of this? Devine: Magritte captured the idea of the representation of physical assets, which derivatives are not. It’s all about securing future supply, or demand, as the case may be. Click here to join the simulcast now!

11:32 am: Lisa: “So is this an argument against derivatives?” Sean: “I’m not against derivatives; I’m against them being confused with the real thing.” Click here to join the simulcast now!

11:30 am: There’s always risk between the contract and the physical asset — underlying risk in derivative contracts, and their inherent uncertainty, must be factored in. Click here to join the simulcast now!

11:27 am: Lisa asks about the banking crisis — does it affect supply chain costs today? Devine shoots back with some Buffet. (Warren, that is, and his premium on balance sheets, not Jimmy, on Margaritaville.) Click here to join the simulcast now!

11:25 am: What producers, suppliers and consumers are all concerned about: saving money on fuel — Devine on fuel cost and efficiency/economy. Click here to join the simulcast now!

11:19 am: Lisa refers to the Maersk story on the Go Slow Strategy. Devine responds. The slower option might even be better for the company — speed is overvalued. Check it out live: Click here to join the simulcast now!

11:18 am: Devine: Main risk is over-investment, either in a process or a physical asset. Click here to join the simulcast now!

11:12 am: Devine on volatility within the cost model. Uncertainty exists within certain individual line items or components. Watch online now, if only to watch Lisa and Sean in an intimate conversational setting. (Don’t worry, she’s married and he’s engaged!) Click here to join the simulcast now!

11:05 am: Lisa busts out her elements of a total landed cost model and takes us through it, step-by-step. Click here to join the simulcast now!

11:03 am: Happening now — Lisa Reisman and Sean Devine from Echo Global Logistics on Total Landed Cost Models. Click here to join the simulcast now!

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