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Akasa Air, Indian Oil Forge Anti-Fragile Futures
15 Feb
Summary
- Leaders prioritize adaptability over excess for market shocks.
- Anti-fragility means becoming more robust after disruptions.
- Employee-centric culture drives spirited responses to challenges.
Leaders from Akasa Air and Indian Oil Corporation recently convened to discuss fortifying their industries against market volatility.
They stressed that anti-fragility involves creating optionality and flexibility rather than accumulating excess inventories. This strategic approach allows organizations to become more robust and adaptable following disruptions, as highlighted by Indian Oil Corporation chairman Arvinder Singh Sahney.
Akasa Air's CEO, Vinay Dube, emphasized building redundancies in capital and personnel. He noted that a strong planning discipline, sensitivity analysis, and an employee-centric culture are vital for responding effectively to the dynamic global landscape and avoiding service cancellations.
Diversification of energy sources, including crude oil, LPG, and natural gas, is paramount for Indian Oil's anti-fragile system. Securing supply chains and transportation ensures affordable and continuous energy availability for all.
Both organizations also highlighted the importance of decentralized decision-making. While Akasa Air empowers individuals to make critical safety calls, Indian Oil balances centralized energy sourcing with decentralized distribution to meet customer needs efficiently.
