The revolution in supply chain resilience may be losing momentum. Despite the progress made in fortifying supply chains, our survey reveals that significant vulnerabilities persist. A deceleration in resilience building, visibility gaps, compliance hurdles, and talent shortages have left many organizations susceptible to potential future disruptions. To outpace future supply chain challenges, organizations should persist in their efforts to fortify resilience and take bold new steps to confront any vulnerabilities in their systems, processes, and capabilities. Learn more: https://mck.co/3NLVzHD
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Connecting the boardroom to the frontline, transforming operations, and building resilience
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As a leader of your organization, you're facing challenges to your Operations across the value chain. Supply chains are being disrupted more often, inflation and price volatility loom over the global economy, a skills shortage is slowing productivity—all amid a moral and regulatory imperative to improve sustainability. McKinsey’s Operations Practice sits at the intersection of strategy, technology, and transformation to deliver sustainable, inclusive growth. We connect boardroom strategies to the frontline—infusing technology where and when it matters and rapidly delivering lasting transformations enabled by capability building. Operations are the connection between your organization’s strategy and its lasting success. Now, more than ever, companies that use operations to move fast and build new capabilities at scale are gaining competitive advantage.
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The UK is at a pivotal moment for capital delivery, making it essential to enhance productivity across the sector. Recently, we hosted a roundtable discussion with industry leaders from diverse sectors, such as chemicals, highways, and rail. We explored the challenges and opportunities facing UK infrastructure and capital productivity. Key takeaways included: ? Strategies for improving construction productivity ? How construction technology drives growth ? Methods to scale best practices from individual projects to broader portfolios A "back to basics" approach is needed to unlock significant value. Adapting to uncertainty, a major driver of challenges, is essential, along with an end-to-end focus on the value chain to address pre-construction delays and costs. Support is also required to navigate government policies and planning processes that lead to unnecessary delays. Stay updated on future events related to capital productivity??https://mck.co/4eFOFiF #UKInfrastructure #CapitalProductivity #ConstructionProductivity
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The landscape of procurement is rapidly changing. ? In the face of inflation, supply chain disruptions, and sustainability concerns, procurement teams are being called upon to achieve more than ever before. Samir had the opportunity to chat with Kim Phelan from the Casting Source Magazine to discuss how to sharpen your procurement tools for competitive advantage. Is your procurement team ready for the challenge?
Global Procurement Operating Model and Source-to-Pay Service Line Leader at McKinsey & Company
I enjoyed talking to Kim Phelan from the Casting Source Magazine on our research and findings on what’s next for procurement.?You can read it in? Sharpening All Your Procurement Tools For Competitive Advantage. Thanks for the opportunity.
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The Global Lighthouse Network - a World Economic Forum initiative co-founded with McKinsey - has announced 22 new Lighthouses. This new cohort of 19 factory and end-to-end Lighthouses, and three Sustainability Lighthouses based in 10 countries around the globe are showcasing the very best of #4IR technology adoption. Explore how these Lighthouses are using #AI and other 4IR technologies to drive business value, enhance sustainability, and improve workforce engagement: https://mck.co/3NtnlYV
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The packaging industry has faced unprecedented volatility since COVID. Some sectors have stabilized, while others continue to grapple with de-stocking, financial strains, and shifting market dynamics. Register today and join McKinsey experts for a virtual conversation to explore our latest research on market and de-stocking trends in packaging. We'll analyze macro drivers, disaggregating short-term factors like de-stocking and longer-term factors like end-market slowdown and substrate shifts. Register?? https://mck.co/3ZZ9L7g #Packaging #PackagingIndustry #Destocking
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Is now the time to reimagine #procurement? In a changing economic environment, procurement must address multiple challenges simultaneously—a cohesive set of strategies and digital capabilities is needed to thrive in this new era of value creation. We recently held our annual Europe CPO Roundtable in Italy. Hosted by Mauro Erriquez and Charles Cocoual, over 25 Chief Procurement Officers from leading European organizations across automotive, energy and utilities, consumer, industrials, high-tech, and MedTech explored what’s next on the road to procurement 2030. During the event, we jointly discussed how to boost productivity with analytics and (gen) AI, how to enable a smart and affordable sustainability transformation, and how to attract and retain top talent in procurement. Keep in touch with our upcoming events on product development & procurement?? https://mck.co/3ZWuqc7 #OrganizationOfTheFuture #AI #GenAI
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#Productivity growth has slowed since the global financial crisis, especially in advanced economies. This is the result of a complex interplay between macro and micro factors. At the macro level, many large gains from technological change have been reaped, and the returns to investment from restructuring and offshoring have diminished. On a smaller scale, operational discipline has eroded in the face of repeated crises over the past half-decade, while significant attrition and job turnover have severed knowledge transfer. Uncover the path to #OperationalExcellence in our latest article?? https://mck.co/3ZQTDED
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Companies are embracing #4IR technologies for better productivity and sustainability, but outdated systems, skills gaps, and an image problem slowing talent recruitment stand in the way. Listen in to the latest episode of #McKinseyTalksOperations as host Christian Johnson, senior partner Enno de Boer, Kiva Allgood from the World Economic Forum, and Jackie Jung from Western Digital reveal how the Global Lighthouse Network is helping companies break through these barriers and unlock long-term success with 4IR tech. ?? Listen on Apple: https://mck.co/3Y8Hr15 ?? Listen on Spotify: https://mck.co/4erTa0i #GLN #WEF
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Maximizing value from digital supply chain investments is a key focus for CIOs and CFOs. Join McKinsey's Max Schlichter and SCM Connections' Patrick Green as they share cutting edge practices for deploying best-in-class advanced planning systems and strategies for achieving exceptional returns on digital initiatives. Learn how to identify the most impactful opportunities to enhance both value and results in your digital transformation journey. Register ?? https://mck.co/3XRi81Y #SupplyChain #DigitalTransformation
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Enhance your purchasing power with a spend digital twin. A spend digital twin could revolutionize procurement by handing negotiation power back to buyers. This tool can help you gain valuable insights and enhance your negotiation strategies, ultimately driving better outcomes for your business. Discover more about spend digital twins in our latest article: https://mck.co/3XIa2sj
Spend digital twin: A tool for volatility
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