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Explore Supply Chain Challenges and Global Procurement | GEP with 43,996 views, 7 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

After multiple recent upheavals, we've entered a new era where cost is no longer the only force driving global #procurement and supply chains. The Economist Impact surveyed 400 business leaders across Europe and North America to understand the new supply chain challenges: https://bit.ly/3oHdvGs • 75% of business leaders expect revenue losses this year as a direct result of supply disruptions • 81% of leaders say they need greater visibility and control over supply chains Top concerns include mitigating supplier risk, labor cost and productivity Companies are unprepared for Scope 3: Less than 1/3 of companies expect suppliers to address sustainability Tech is critical to addressing disruption — as a result, significant investment in new solutions is occurring How should enterprises respond to the latest supply chain challenges? 1. Regionalize supply chains 2. Switch procurement goals from cost-cutting to containing inflation 3. Mitigate supply chain financial and operational risk 4. Engage suppliers to track and slash Scope 3 5. Implement low/no-code software with real-time analytics to forecast disruptions Want to know more? Visit GEP.com ---------------------------------------- GEP delivers transformative supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. ---------------------------------------- https://www.gep.com https://www.linkedin.com/company/gep-worldwide https://twitter.com/gep_worldwide https://www.facebook.com/gepworldwide https://www.instagram.com/gep_worldwide/ https://www.quora.com/profile/GEP-Worldwide-1

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