2020 saw the biggest global disruption of the century. What started off with toilet paper stockouts quickly snowballed into a global supply chain crisis.
And while some impacts — and their business costs — were immediate and clear, enterprises had to deal with a lot more as events unfolded.
What’s the true cost of such supply chain disruptions on enterprises? How can they mitigate these risks and cope better in the future?
How were businesses affected by recent supply chain disruptions? What events had the greatest impact? Most importantly, where are supply chain and procurement leaders focusing to prepare for future upheavals? This new report from The Economist has the data to answer these questions and more, as well as expert insights on strategies to consider and trends to look out for.
February 09, 2021 | Supply Chain Strategy
Traditional chemicals procurement practices have focused on consolidating the supply base to fewer supply sources for more competitive pricing and to achieve economies of scale. This trend is reflected in the volume of chemicals different countries have been importing and exporting.
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.
Samir Patel
Vice President, Consulting
Samir leads GEP’s chemicals vertical. He has over 17 years of industry and consulting experience in implementing cost reduction programs at Fortune 500 clients. He has delivered significant value to clients through strategic sourcing, category strategies and best practices, M&A synergy savings, and procurement transformation, in addition to leading procurement execution and strategy for integration and divestitures.
January 28, 2021 | Supply Chain Strategy
The COVID-19 pandemic — the biggest disruptor of 2020 — will continue to have a major impact in 2021 as governments across the world focus on inoculating tens of millions with vaccines and try to contain the pandemic.
This continued chaos will also stretch supply chains as organizations try new strategies to avoid breakages like those seen in 2020.
Supply chains will also grow more interconnected in 2021, and hence more complex. And the more interconnected they become, the more potential there is for breakage at those connection points.
Supply chain disruptions and equipment bottlenecks have kept telecom companies guessing about the rollout feasibility of a 5G network. This bulletin outlines a 6-point plan to build resilience, gain end-to-end visibility and stabilize the supply chain.
January 20, 2021 | Logistics
The U.S. Food and Drug Administration is in the process of granting permission for the distribution of vaccines developed by pharmaceutical companies such as Pfizer-BioNTech and Moderna. With mass vaccine distribution programs starting in the U.S., third-party logistics giants such as FedEx and UPS have been striving to dedicate their resources, transportation assets and workforce toward this inoculation initiative.
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.
Santosh Nair
Vice President, Technology
Santosh has over 12 years of experience managing large-scale procurement transformation engagements for leading Fortune 500 companies.
At GEP, he’s responsible for developing new products and services by incorporating complex aspects of mobile interfaces, social media, cloud computing and big data.
January 13, 2021 | Oil and Gas
Digital transformation initiatives are driving the fourth wave of the industrial revolution with technologies like Artificial Intelligence (AI), the Internet of Things (IoT), robotics and advanced analytics. As a result, spending on advanced infrastructure has increased significantly. According to IDC, worldwide spending on digital transformation will reach $2.3 trillion by 2023, which will be more than 50% of all technology spend.
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.
Santosh Nair
Vice President, Technology
Santosh has over 12 years of experience managing large-scale procurement transformation engagements for leading Fortune 500 companies.
At GEP, he’s responsible for developing new products and services by incorporating complex aspects of mobile interfaces, social media, cloud computing and big data.
The pandemic caused widespread disruption, upending the global chemicals supply chain. GEP shares six recommendations that will help the chemicals industry plan for and prevent future supply chain disruptions.
What really makes a supply chain intelligent? More importantly, how do you build one? GEP and CIO.com discuss the building blocks of an intelligent supply chain. These are the key elements you’ll need to build a digital, cognitive supply chain network that gives your business a unique competitive advantage.
Our latest paper with Spend Matters highlights the evolution of demand forecasting. Historical data isn’t good enough for today’s dynamic supply chain. Enterprises need to know the shifts in demand before they happen.
