article thumbnail

Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supply chain.

article thumbnail

80% of UK businesses say Brexit caused the biggest supply chain disruption in the last 12 months

ivalua

83% fear the biggest disruption from Brexit is yet to come, while increasing supply chain disruption caused revenues to drop by an estimated 18%. Increasing supply chain disruption meant that 28% of UK businesses lost revenue in the last 12 months, with these businesses estimating an average drop in revenue of 18%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

article thumbnail

Just-in-Time vs. Just-in-Case Procurement During Supply Chain Disruption

Ware2Go

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . As a result, procurement must decide when and whether to rely on just-in-time or just-in-case models for purchasing and managing stock.

article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

article thumbnail

Insight Plum & Xeeva Partner Showcase – Supply Chain Disruption, ESG in Procurement and Data Transformation

Xeeva

Insight Plum is a Procurement Technology firm based out of Dubai and is the world’s leading […]. The post Insight Plum & Xeeva Partner Showcase – Supply Chain Disruption, ESG in Procurement and Data Transformation appeared first on Xeeva.

article thumbnail

Navigating Global Supply Chain Disruptions: Strategies for Resilience

SCMDOJO

This article will explore why disruptions happen, and how the industry deals with them as they come. If you’re ready to learn more about creating stronger supply chains, read below. While AI is not foolproof, it will be a preventative measure to help any industry that relies on a steady supply chain.

article thumbnail

The Transformative Role of Supply-Chain Leaders in Today’s Business

A new survey shows 55% of enterprises anticipate a major supply chain disruption to strike any time. With disruptions looming, procurement and supply chain managers are stepping up their game. No wonder, resilience is a top priority today. And guess what? What should they do differently?

article thumbnail

The State of Data and Insights in Healthcare Logistics

Amid significant regulatory and compliance changes around the world, they've had to contend with massive supply chain disruptions caused by the pandemic. Increasing demand for specific products is also causing supply chain shortages.