8 June 2021
The worldwide health, social, and economic upheaval due to COVID-19 has left supply chain management in an uncertain atmosphere in which the ability to rapidly redesign the supply chain and mitigate risk are now critical to the survival of business organisations. Though risks and challenges plague the supply chain there are opportunities too -- and Chief Procurement Officers must now consider how best to exploit them and remain agile, so as to stay ahead of future uncertainties.
Although vaccine roll out is giving businesses some optimism for a return to more stable conditions by the second or third quarter of the year, the legacy of COVID-19 disruption persists into 2021. The response of procurement has largely been to lend support to critical business operations and bolstering relationships with suppliers, and to focus on spend cost reduction and the capture of non-price value from supplier relationships.
Volkswagen Deploys Worldwide Logistics Teams To Help Mitigate Procurement Risk In The Wake Of COVID-19
During the course of the COVID-19 pandemic, supply chain risk has been increasing globally, with organisations struggling to meet the demand even for commodities that were once considered commonplace and inexpensive.
Food security and nutrition are as much a part of the COVID-19 relief and management effort as drug treatments, or measures for cleanliness and sanitisation.
As part of its procurement process and protocols for supplier qualification, ExxonMobil trains procurement staff to conduct pre-qualification assessments, to help establish a supplier’s capacity to provide the required materials or services.
On Jan 19, 2021, AXA announced the extension of its smart working strategy to all of its entities worldwide. The strategy aims to implement a hybrid way of working, which combines remote work and office presence.
In recent years, trends such as globalisation and increasing levels of digital transformation have been forcing changes in the ways that organisations operate, and manage their lines of acquisition and supply. Such developments have served to emphasise the important role that procurement plays in enterprise operations.
We sat down with Andy Horne, Head of Supply Chain at EDF to find out more about how procurement teams have been dealing with the pandemic.
We sat down with John Jordan, Head of Strategy Planning at Sony to find out more about how procurement teams have been dealing with the pandemic.