India Elected Vice-Chair Of IPEF Supply Chain Council

August 1, 2024

India has been elected as the vice-chair of the Supply Chain Council (SCC) under the Indo-Pacific Economic Framework (IPEF). This council is focused on making supply chains stronger and more reliable for its 14 member countries.

Indo-Pacific Economic Framework (IPEF)

The IPEF, launched on May 23, 2022, in Tokyo, includes 14 member countries: Australia, Brunei, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, and the United States. The framework is organized around four key pillars:

Trade
Supply Chain Resilience
Clean Economy
Fair Economy

Structure of the Supply Chain Initiative

The IPEF has created three councils to deal with different supply chain issues:

Supply Chain Council (SCC) – Works on improving supply chain security and economic health.
Crisis Response Network (CRN) – Helps countries respond together in emergencies that disrupt supply chains.
Labour Rights Advisory Board (LRAB) – Addresses issues related to workers’ rights.

India’s Role

Being elected as vice-chair of the SCC is a big step for India. The council aims to reduce reliance on China and improve communication about potential supply problems.

Objectives of the Council

Supply Chain Council (SCC): Focuses on national security, public health, and economic stability by improving supply chain efficiency.
Crisis Response Network (CRN): Aims for coordinated emergency responses during supply chain crises.
Labour Rights Advisory Board (LRAB): Bring workers, employers, and governments together to enhance labour rights across regional supply chains.

Future Meetings and Plans

The first meetings have set the stage for future cooperation, including plans for face-to-face meetings. The SCC’s first in-person meeting is planned for September 2024 in Washington, alongside the Supply Chain Summit.

About Supply Chain Council

The SCC was started in 2003 to make supply chains more efficient. It developed the Supply Chain Operations Reference (SCOR) model, which is a standard framework for managing supply chains. Initially, SCC was run by its members and focused on collaboration between companies. In 2014, it merged with APICS to become APICS Supply Chain Council, gaining more resources. The SCOR model includes performance measures, best practices, and processes. The SCC also offered training and certifications in supply chain management, focusing on continuous improvement and operational excellence.

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