AI Content

How procurement can lead amid a fractured global economy

supply chain AI

A redrawing of global supply lines is under way. Amid this uncertainty, resilience is the new supply chain imperative. Across industries, there is growing recognition that managing supply chains for maximum efficiency hampers companies’ ability to respond to risk events. And the frequency of such disruptions is rising, with a recent McKinsey Global Institute survey showing that companies now expect severe supply chain disruptions every 3.7 years. Yet when resilience can mean many things to different industries, how should leaders prioritize?

Enno Lueckel, VP at Scoutbee, talks about the building blocks of a resilient supply chain. To reap the benefits of resilience, such as improved flexibility, responsiveness and agility, companies must first make their supply chains transparent and diversified. And artificial intelligence can provide a much-needed boost to procurement’s data capabilities.