This paper explores why it’s essential for oil and gas companies to make the most of the electric vehicle boom and offers three focus areas to help build for the future.
August 09, 2022 | Supply Chain Strategy
While the events of the past two years have had an impact on all business functions, some teams have struggled more than others.
In most organizations, supply chain and procurement teams have struggled the most in the face of unforeseen disruptions. Not surprisingly, many of them plan to leverage technology to transform — and future-proof — their operations.
However, not many organizations have talked about the impact of disruption on teams such as IT, finance or sales and marketing.
August 02, 2022 | Supply Chain Software
“After decades of chasing the lowest possible cost of production, supply chain managers are finding that their remit is becoming increasingly interdisciplinary – geopolitics, public health, and climate are just some of the new considerations of this new remit. The low-cost, low inventory mantras are consigned to the past. The cost-plus world of supply chains has arrived.”
– Economist Impact report
A guide for supply chain leaders looking to refresh their planning capabilities to adapt to a never-normal world
July 23, 2022 | Supply Chain Risk Management
Since the pandemic rattled supply chains, the buzzword for companies has been nearshoring and reshoring. Now, as companies battle another crisis – the war between Russia and Ukraine – the new solution being proposed to insulate economies from supply chain worries and inflation is “friend-shoring”.
July 16, 2022 | Supply Chain
Today, inflation has affected nearly every aspect of the global supply chain. It has forced the companies to pass on the increase in input costs to end users even at the risk of losing market share.
Supply chain disruptions, labor shortages, and reopening of economies have caused increase in prices, with the COVID-19 lockdowns in China and Russia-Ukraine war aggravating the situation.
Poor supply chain planning can bring your enterprise to a standstill. Many supply chain pros know they need to refresh their supply chain planning, but they’ve put doing so on the back burner because they lack the skills, tools or data to make an impact.
GEP estimates that about 20% or less of its clients do an effective job at supply chain planning. So how do you land among that elite group?
July 11, 2022 | Supply Chain Strategy
Over the last couple of years, the health care industry has seen significant changes in terms of new regulations, procurement, logistics and distribution. The market uncertainties, led by the COVID-19 pandemic, have further made many sets of the supply chain obsolete, with the need for a complete overhaul of the health care supply chain and its management.
There’s a paradigm shift happening in the world of supply chains.
While cost and efficiency continue to be in focus, resilience is becoming a top priority, as revealed in a new study by The Economist — 75% of participants said they need to make significant changes to their supply chains over the next 12 months to better cope with supply chain disruptions.
July 07, 2022 | M&A
Mergers or acquisitions are not easy to execute. The challenges in merging the two entities require a well-thought-out M&A acquisition strategy. The strategy must also consider a sourcing engagement – transparent communication, implementation, involvement of senior leadership; and finally, change management, to drive optimum synergy between the two entities and realizing it.
