How to Cope with Turbulence, Uncertainty & Volatility • Executive Summary_______________ 1 • Chairman’s Welcome and Opening Remarks ________________ 2 • Managing Resilient Supply Chains in an Era of Turbulence____________ 2 • How to Manage Volatility in Chemicals Supply Chains – Next Level Supply Chain Planning ________ 4 • Feedback from Round Table Discussions and Identification of Ways to Cope with Responsive and Flexible Supply Chains_________ 6 Analysis of the Global and European Financial Situation and Likely Evolution – Impact on the Euro and Business in Europe – Dinner • Executive Summary_______________ 8 • Speech_________________________ 8 Resilience through Partnerships • Executive Summary_______________10 • Chairman’s Welcome and Opening Remarks ________________________10 • Building Resilience in Supply Chains through Pro-Competitive Logistics Collaboration – Practical Examples____ 11 • Building Resilience by Taking into Account Customers’ Needs – State of the Art Examples__________13 • Feedback from Round Table Discussions on Pro-Competitive Collaborative Chemical Supply Chain Models __________________ 14 *Executive Summary​* Managing resilient supply chains implies companies need to manage their vulnerability, a combination of the likelihood of a disruption of their business processes and its potential severity. Resilient companies’ supply chains are designed in order to cope with low-probability occurrences with severe outcomes. A company’s potential financial, strategic, operations and hazard vulnerability needs to be mapped out using layered and balanced methods, separating threats from baseline activity, build partnerships, build a culture of awareness and sensitivity to security. Beyond the three-layered approach, resilient supply chain management needs to focus at the margin level and not mainly on the volume flow as was the case in the past. Understanding value chain dynamics implies shifting the balance from the micro to the macro : increased planning decision frequency and shortening planning horizons, shifting the balance from planning precision to big picture understanding and risk awareness. The current chemical supply chains are becoming longer, relatively more expensive and complex. Logistics are also becoming more important. Longer supply chains create challenges for managing safety, on-time delivery, flexibility, responsiveness and sustainability. Chemical producers may cut these longer supply chains up between many LSPs creating more complexity.