January 18, 2024 | Procurement Strategy read
Merger and acquisition (M&A) is a tried and tested strategy for enterprises to grow and expand operations beyond what was originally thought possible. By combining the strengths of different entities, a new organization is created with an aim of creating new products or services that are more profitable and successful than the earlier lineup under separate entities.
January 12, 2024 | Procurement Strategy read
The crisis cycle of high demand, shortages and delays over the last few years finally seems to be over. Inflation appears to be (gradually) heading back to historical averages. Interest rates are likely to start falling as inflation retreats. Economists expect job markets in the G7 economies to become more balanced.
With adoption of artificial intelligence tools becoming more widespread, the relative stability make 2024 the perfect time for supply chain and procurement leaders to refocus on long-term planning and strategy.
December 19, 2023 | Supply Chain Strategy read
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 read
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 read
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.
November 23, 2023 | Procurement Strategy read
