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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supply chains across the globe nearly came to a halt.

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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

A few months ago, we highlighted a major theme from Gartner’s Supply Chain Planning Summit in our blog: winners change their mindsets–and accelerate through economic turns. Commonly companies will use a “firefighting” response in times of supply chain disruption in order to meet service levels.

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How the Semiconductor Shortage Could Have Been Averted

QAD

The chip manufacturers began shifting their manufacturing capacity to these other industry sectors who were now begging for supply. Very similar to the crisis in 2008-2009 and much to the surprise of industry analysts, automotive demand came back much quicker than expected. Preventing Future Auto Supply Chain Disruptions.

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Commodity Prices Soar as Risks of Major War Footing Increase

Supply Chain Matters

Wheat prices have soared to levels that occurred in the prior global recession of 2008-2009. . Supply Chain Matters Added Perspectives. We concluded that chief procurement officers, materials sourcing, procurement and supply management teams have encountered similar frustrations and associated challenges.

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Achieving enterprise-wide adoption of supply chain risk management

Resilinc

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. Coronavirus = new perspective on risk management in supply chains.

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What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part Two

Supply Chain Matters

The S&P Global Taiwan Manufacturing PMI® i ndex was reported as its lowest level since 2009 by the end of October 2022 while the S&P global Eurozone Manufacturing PMI® fell to a 29-month low. This is likely to include select areas of added business and supply chain digital transformation, but in more managed and focused scope.

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Disruption in China Ripples Across Global Supply Chains in April 2022

Supply Chain Matters

The report specifically indicated: “ Average purchase prices rose to one of the greatest extents during the past 11 years, leading to the joint-steepest increase in output charges since the series began in October 2009.”. . Added Supply Chain Matters Observations and Insights. China’s Specific Impact. reported for March.