As uncertainties abound — the only certainty being that the coronavirus pandemic will continue for a while — business leaders are asking themselves: How do we prepare for what lies ahead?
The path ahead is particularly bumpy for financial services firms, which must contend with volatile valuations, deteriorating credit quality, reduced interest rates and increasing defaults. In this bulletin, Beyond the Pandemic: Procurement & Supply Chain Priorities for BFSI Companies, GEP’s experts recommend near-, mid- and long-term strategies for financial companies to mitigate third-party risks, contain costs, and negotiate a world recovering from the COVID-19 crisis.
- Identifying risks and contingency planning
- Ensuring third-party operational resilience
- Implementing cost-containment measures
A must-read for procurement and supply chain leaders who want to support the changing needs of the business and demonstrate the strategic value of the functions.