The calm before the storm: Procurement’s value chain
Lance Younger
EVP, EMEA GM and Global Alliances l Digital Procurement Transformation l We are hiring!
Are its predicted trends still ‘mega’??
An updated outlook on the 2023 Global Value Chain Barometer.?
Earlier this year, we delved into Kearney’s Global Value Chain, which suggested a point of no return for supply chains. It also identified three key megatrends: climate change; geopolitical tension; and technological step-change. These carry through to its latest Barometer indicating that, while there is still time to make a change, it needs to happen fast.?
科尔尼 's Q2 2023 Barometer continues to explore the state of global value chains, with few signs of relaxation in the medium-term, suggesting we are currently experiencing the ‘calm before the storm’, with big structural challenges on the horizon.?
What do the next 6 months look like??
‘Resilience has become more than a buzzword; it is a fundamental tool of successful companies and an additional lens through which we need to look at all issues in operations.’?
Gen AI is set to disrupt all aspects of operations, including procurement. But, considerable investment is still required.?
Companies need to continue to create transparency in their supply chain, to minimise disruption wherever possible, and become more resilient.?
Strategies to future-proof operations:?
Small changes are a ‘nice to have’, but companies need to fundamentally rethink operations and global value chains if they want to focus on resilience. Upcoming developments and major events within the global economy serve to indicate what will come next, in how companies react to protecting their procurement department, supply and value chain.?
CEO Acuity Risk Management | Strategic Technology Leader | Cross-Functional Expertise | Scaling High-Growth Businesses
1 年Excellent read, Lance.
?? ?????????? ?????????????? ?????????????? ?????????????????????? ?????? ?????????? | Customer-centricity is my passion | I train Sales and Procurement teams to build winning B2B relationships.
1 年“Invest in advanced planning tools” is in my mind the number one priority short term with regards to investment in tech and tools. Steering demand and supply blindly without any predictive analysis behind it has always been non ideal, today it is no longer acceptable. No tools and new tech without changing people’s mindset first though and offering support to have them build the required skills. No time to lose indeed as you say Lance.
Owner & Founder of Talent Group Managing Director at Talent Drive & CEO at Talent Finance
1 年great read thanks Lance Younger