The Effects of the Pandemic on Supply Chain Management
In the post-pandemic world, resistance and stress tests will become a new norm as modern supply chains face unprecedented pressure and draw an increasing level of scrutiny.
Companies are now investing in mapping their supply networks to be better prepared for more disruptions and to reduce their overall supply chain risk. With an increased amount of information at their fingertips, they need to know exactly which suppliers, locations, and products are at risk, allowing them to secure constrained inventory and capacity at alternate sites.
- What is the biggest challenge procurement organisations have been facing during the crisis? What strategies or key actions should be taken to meet the challenge?
- How can companies improve their spend management and interactions with suppliers? Is cost improvement as important as supply protection?
- Which area of procurement operations needs to be transformed over the next 1-2 years to enable company survival beyond the crisis?