June 11, 2022 | Supply Chain Strategy
Despite struggling amidst disruption in recent times, not many companies have been able to get their supply chain planning right.
In fact, there is today a huge “planning gap” within organizations, says Robert Giacobbe, vice president of global supply chain consulting at GEP.
May 30, 2022 | Supply Chain Strategy
I have just returned from a week at the World Economic Forum Annual Meeting in Davos. It was a very sober Davos. While the last two years can be summed up by 3Cs: Covid, Climate, and Conflict, today’s conversations start with 3Rs: Russia, Recession, and Rates.
May 26, 2022 | Procurement Strategy
The global oil field services and equipment (OFSE) industry has been in a state of decline for nearly a decade now amid low oil prices and the growing pressure on the oil and gas industry to transition from fossil fuels to renewable energy sources.
In this scenario, OFSE companies need to re-assess their portfolio to cater for the changing landscape and carve a path towards a sustainable business model.
There are three broad strategies OFSE companies can consider implementing:
Supply chains are likely giving leaders many sleepless nights. Rising costs may be an ongoing concern, and this has been compounded with a series of disruptions, inflation, supply chain bottlenecks and changing consumer patterns along with long-term geopolitical trends, the digitization of supply chains and the need to invest in sustainability. There are unfortunately no easy answers.
This paper analyzes the key factors that will influence the European chemical sector in the near future.
May 20, 2022 | Automotives
Automobiles — from four-wheelers to motorcycles — are facing a shortage of microchips globally. This shortage was caused by a massive increase in demand for other electronic appliances such as laptops, cellular devices, medical devices, and home appliances during the COVID-19 pandemic that surpassed the current supply of semiconductors.
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.
Krish Vengat N.
Vice President, Consulting
Krish is a seasoned procurement and supply chain management professional proficient at delivering sustainable cost savings and process improvements across industries. He has been a part of multiple procurement transformation initiatives and secured around a billion dollars of savings in direct- and indirect-related spend and supply chain operations. His clients at GEP include Fortune 500 companies, primarily in CPG, automotive, and industrial manufacturing.
Facing an uncertain future, supply chain leaders have resilience top of mind. Disruptions and shortages have undermined just-in-time manufacturing, resulting in delivery delays, price increases and fewer sourcing options — showing just how vital resilient supply chains are for future success. However, building resilience can be an expensive undertaking at a time when many businesses are looking to cut costs. What should business leaders do?
May 16, 2022 | Pharma and Life Sciences
There has been a mixed response from the global pharma industry about the continuation of business with Russia after it invaded Ukraine in February.
AbbVie, an American biopharma company, suspended its aesthetic products operations and paused new clinical trials in Russia. Pfizer, Bayer, Sanofi and some others have deferred new investments or development in the country.
May 10, 2022 | Supply Chain Strategy
The right supply chain model is as important as having the right people, processes & technology for supply chain management. Explore 6 essential types of supply chain model.
Inflation is a global concern that is expected to linger for the next few years. As a result, procurement and finance leaders must team up on the right strategies and tools to mitigate the impact of rising costs on their enterprises and customers.
To add to the pressure, procurement teams must reduce costs and hit sustainability targets, all against a background of rapidly escalating prices.
How can procurement chiefs rise to these challenges? Modern procurement processes demand cost/pricing intelligence and modeling tools as part of a data-driven platform.
