David Hennah, Senior Vice President and Head of Trade & Supply Chain Finance at Intellect Design Arena Ltd, sat down with Hanhaa and answered a few questions about working in supply chain and life outside of work.
Here’s what they discussed…
What’s the most fun or interesting part about working in the supply chain?
There is a huge amount of growth potential in the supply chain finance market, given that a majority of trade is now conducted on open account. The market is constantly evolving. We are seeing the emergence of new trading relationships, new technologies and new opportunities for doing business.
After a long week, how do you like to let off steam?
On Saturday morning I will watch my youngest daughter play football for the U11 Wildcats. On Sundays I like to run along the river, may be 10/15 miles. It helps to clear my head.
What are the biggest risks facing supply chain leaders?
There is a need to minimise the risk of unintended consequences in trade policy whilst optimising the potential of new technology in order to maximise the availability of trade finance, particularly at the lower end of the market.
What technology disruptors deserve immediate attention?
Digitalisation is set to revolutionise our industry: take your pick from Open APIs, AI/machine learning/NLP, business intelligence/data analytics, smart contracts/DLT, smart objects and IoT. Big data opens the door to enhanced workflow and enhanced process efficiency. Supply chains today can benefit from the use of track and trace technologies such as Hanhaa’s ParceLive to help monitor the location and condition of goods in transit. Such data will help to improve transparency and significantly reduce operational risks”.
What advice would you give to someone about to enter your role?
I have just entered my role so I am advising myself to get to understand and appreciate the corporate culture of my new working environment. Learn to be a good listener.
If you could take a year-long sabbatical, what would you do?
I like to travel. I have visited more than 80 countries but there are still a few left on my bucket list, including Iceland & Peru.