Inflation’s Impact on the Pharmaceutical Industry
July 05, 2022 | Pharma and Life Sciences
Pharmaceutical industries are experiencing high input costs for drug manufacturing, putting pressure on drug pricing and impacting profit margins. Explore this blog & get more details on it.
Is Your Vision on Supply Chain Resilience Being Realized?
June 23, 2022 | Supply Chain Strategy
By Alex Zhong, Director of Product Marketing, GEP
In today’s inflationary and disruptive environment, ensuring alignment and resiliency across your supply chain is very likely a top priority. But your vision and priorities might not be shared across your organization.
Turn ideas into action. Talk to GEP.
GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.
Alex Zhong
Director, Product Marketing
Alex has more than 20 years of practical experience in supply chain operations and has advised many Fortune 500 companies on their digital transformation. At GEP, he leads product marketing for the company’s AI-enabled supply chain solution. He is passionate about the role technologies play in driving supply chain excellence and business growth.
How the Russia-Ukraine War is Changing Capex Strategies in Energy and Metals
June 23, 2022 | Supply Chain Risk Management
The Russia-Ukraine war is, expectedly, taking a heavy toll on both the economies. The Russian economy is projected to shrink by 7-15% as compared to the forecasted 2% growth before the February invasion.
The trade sanctions on Russia will create further supply chain issues, primarily in oil & gas and specialty metals — the core of Russian exports.1
The companies, whose supply chains are exposed to input materials from Russian and Ukrainian, are under pressure to invest in alternatives.
Supply Chain Planning: How to Get it Right
June 22, 2022 | Supply Chain Strategy
Given the criticality of supply chain planning and what happens to the business when you do a poor job at planning, it is important to understand the key requirements for successful supply chain planning. And, more importantly, how you can effectively meet these requirements.
Before you begin to draft a plan, think of the larger business goals and priorities as well as your competitive strategy.
Here are 4 attributes that can help you excel at supply chain planning:
Why CPG Product Optimization Isn’t a One-Size-Fits-All Solution
June 21, 2022 | Supply Chain Strategy
The pandemic has forced consumer packaged goods (CPG) companies to transform their supply chains amid changing demand and sales volumes from different channels.
In this scenario, a standard method used by CPG brands to streamline the flow of goods has been the rationalization of products. Product rationalization is the process by which a business decides to keep or discard certain products aligned to its priorities, primarily driven by profitability. On the other hand, product proliferation refers to adding more products to the portfolio.
Why Is There a Workforce Shortage and How Can Employers Overcome It?
June 21, 2022 | Human Resource
Labor shortages aren’t new, but the current one has had a stronger effect on the global economy.
As countries reopened after the COVID-19-induced lockdowns in 2020, the global labor shortage continued to increase, surprisingly, along with a rise in unemployment rates. Though jobs were available, workers were not willing to take them up.
In the United States, job openings rose to a record 11.5 million in March 2022, according to the U.S. Bureau of Labor Statistics. The number of available jobs exceeds the number of people looking for work by 5.6 million.
Navigating a Confusing Tech Landscape in Supply Chain Planning
June 16, 2022 | Supply Chain Strategy
Choosing the right technology is vital to streamlining supply chain planning. Simple as it may seem, this is easier said than done.
Here’s why.
For decades, the supply chain planning landscape has been dominated by what we can refer to as “old tech.”
Even today, many businesses continue to rely heavily on big, expensive ERP implementations, and often an accompaniment of best-of-breed tools that bring optimization or simulation capabilities to the transaction-focused ERP system.
Supply Chain Planning: Why Is It So Hard?
June 14, 2022 | Supply Chain Strategy
To thrive in an environment of growing uncertainty and to successfully address the challenges of the new normal, businesses must focus on — and invest in — supply chain planning.
And yet, many of them are not sure if they have the right plans in place or understand how to formulate them.
Let’s try and understand why organizations often fail to make the right plan and find themselves struggling amidst supply disruptions.
Supply Chain Network Design : Importance, Benefits, Types & Contributing Factors
June 14, 2022 | Supply Chain Strategy
Supply chain business network design includes spotting bottlenecks in a supply chain & it's highly important in optimizing inventory, costs, and service. Dive in to know its importance, benefits & types.
Logistics and Supply Chain Management: Meaning Differences And Similarities
June 14, 2022 | Supply Chain Strategy
Living through the pandemic taught a valuable lesson to businesses. They realized that long global supply chains were at extreme risk of getting disrupted, and hence shorter supply chains were preferable. Thus, in this changing world, enterprises are reverting to local supply chains supplementing their shipments from overseas by a larger volume.
This shift to regional supply chains from global, that is, moving and storing goods from the raw material supplier and the finished goods to the end customer, is becoming cheaper. In other words, managing logistics is getting cheaper.
