June 14, 2022 | Supply Chain Strategy read
To thrive in an environment of growing uncertainty and to successfully address the challenges of the new normal, businesses must focus on — and invest in — supply chain planning.
And yet, many of them are not sure if they have the right plans in place or understand how to formulate them.
Let’s try and understand why organizations often fail to make the right plan and find themselves struggling amidst supply disruptions.
June 14, 2022 | Supply Chain Strategy read
June 14, 2022 | Supply Chain Strategy read
Living through the pandemic taught a valuable lesson to businesses. They realized that long global supply chains were at extreme risk of getting disrupted, and hence shorter supply chains were preferable. Thus, in this changing world, enterprises are reverting to local supply chains supplementing their shipments from overseas by a larger volume.
This shift to regional supply chains from global, that is, moving and storing goods from the raw material supplier and the finished goods to the end customer, is becoming cheaper. In other words, managing logistics is getting cheaper.
June 11, 2022 | Supply Chain Strategy read
Despite struggling amidst disruption in recent times, not many companies have been able to get their supply chain planning right.
In fact, there is today a huge “planning gap” within organizations, says Robert Giacobbe, vice president of global supply chain consulting at GEP.
May 30, 2022 | Supply Chain Strategy read
I have just returned from a week at the World Economic Forum Annual Meeting in Davos. It was a very sober Davos. While the last two years can be summed up by 3Cs: Covid, Climate, and Conflict, today’s conversations start with 3Rs: Russia, Recession, and Rates.
May 26, 2022 | Procurement Strategy read
The global oil field services and equipment (OFSE) industry has been in a state of decline for nearly a decade now amid low oil prices and the growing pressure on the oil and gas industry to transition from fossil fuels to renewable energy sources.
In this scenario, OFSE companies need to re-assess their portfolio to cater for the changing landscape and carve a path towards a sustainable business model.
There are three broad strategies OFSE companies can consider implementing:
Supply chains are likely giving leaders many sleepless nights. Rising costs may be an ongoing concern, and this has been compounded with a series of disruptions, inflation, supply chain bottlenecks and changing consumer patterns along with long-term geopolitical trends, the digitization of supply chains and the need to invest in sustainability. There are unfortunately no easy answers.
May 20, 2022 | Automotives read
Automobiles — from four-wheelers to motorcycles — are facing a shortage of microchips globally. This shortage was caused by a massive increase in demand for other electronic appliances such as laptops, cellular devices, medical devices, and home appliances during the COVID-19 pandemic that surpassed the current supply of semiconductors.
Turn ideas into action. Talk to GEP.
GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.
Krish Vengat N.
Vice President, Consulting
Krish is a seasoned procurement and supply chain management professional proficient at delivering sustainable cost savings and process improvements across industries. He has been a part of multiple procurement transformation initiatives and secured around a billion dollars of savings in direct- and indirect-related spend and supply chain operations. His clients at GEP include Fortune 500 companies, primarily in CPG, automotive, and industrial manufacturing.
Facing an uncertain future, supply chain leaders have resilience top of mind. Disruptions and shortages have undermined just-in-time manufacturing, resulting in delivery delays, price increases and fewer sourcing options — showing just how vital resilient supply chains are for future success. However, building resilience can be an expensive undertaking at a time when many businesses are looking to cut costs. What should business leaders do?
