Economist Impact Report: Strategies To Weather New Supply Chain Disruptions of 2023
Sixty-three percent of supply chain executives — respondents in an Economist Impact survey — believe geopolitical issues will cause major disruptions through 2023.
What are they doing to mitigate the risk?
From new pricing strategies and material substitutability to alternative suppliers and stockpiling, enterprises are adopting a variety of approaches underpinned by data and technology, reveals a new Economist Impact report, The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment.
The report, commissioned by GEP, also has lessons from AT&T and GSK on managing today’s supply chain disruptions.
This is highly recommended reading for supply chain and procurement leaders seeking to effectively manage risk, cost and growth.
Why Read This Paper
Increased Economic and Geopolitical Risks
Businesses are restructuring supply chains for resilience
Strategies To Prevent Disruptions
Data, tech and collaboration will help deal with these challenges
Adopting Hybrid Solutions
Non-binary approach to supply chain management will create flexibility
How To Build Supply Chain Resilience in a Shifting Macro and Geopolitical Landscape — Read Now
About Us
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE™ is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.
Built on a foundation of big data, artificial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.