December 19, 2023 | Supply Chain Strategy
It has been more than 3 years since the COVID-19 pandemic first hit and disrupted health infrastructure as well as the economic and business landscape.
But the aftershocks can still be felt keenly across many organizations, particularly in their supply chain operations.
If businesses have learnt one lesson from unforeseen events in recent times, it is the need to foresee risks and prepare for them beforehand.
By anticipating and assessing risks, they can identify potential threats to their supply chains and take steps to mitigate their impact.
December 19, 2023 | Supply Chain Strategy
Supply chains have become a complex and intricate web of relationships, extending beyond just direct suppliers – encompassing a network of tiers. Effectively collaborating with this extended ecosystem is crucial for achieving supply chain agility, resilience and overall business success. This is where multi-tier supplier collaboration comes into play.
December 18, 2023 | Supply Chain Strategy
Not so long ago, life sciences companies found themselves struggling amid supply shortages of critical medicines and pandemic-induced demand surges.
Given the prevailing uncertainty in the business landscape, streamlining supply chain operations has emerged as a key priority not only for these companies but also for the industry at large.
Behind medical advancements and scientific discoveries lies a vast, intricate supply chain centered on orchestrating specialized goods to enable research that saves lives.
Geopolitical, economic and supply chain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively.
GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.
Procurement and supply chain leaders have faced their fair share of disruption and economic turmoil these past four years. Whether from war or escalating geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain.
Latin American companies are ambitiously projecting growth trajectories for 2023 and beyond, despite last year’s volatility in logistics costs. Key challenges include price surges tied to macroeconomic uncertainty, budgetary constraints, and alignment within functional areas.
November 23, 2023 | Procurement Strategy
A focused strategy for indirect procurement helps streamline processes and strengthens negotiating power with suppliers. Review the following extract to learn how to enhance category efficiency through a targeted approach to indirect procurement.
November 16, 2023 | Supply Chain Strategy
Outsourcing business operations has been a tried and tested way of improving operational efficiency and cost savings.
But these are not the only benefits of partnering with an external partner specializing in supply chain management.
With service providers offering advanced supply chain technology solutions, enterprises can expect a lot more than cost savings and operational efficiency.
Why 65% of Decision-Makers are Considering Generative AI Tools in the Next Year
Explore how strategic sourcing strategies can cut risks and costs, enhance supplier relationships and how tech can revolutionize operations.
