Why some supply chains haven’t failed as badly as others Sponsored by SAP
which was hosted by Sean M. Thompson, executive vice president of network and ecosystem at SAP Procurement Solutions. Their conversation was chock full of lessons learned from supply chain leaders.If Sheri Hinish, co-founder of Supply Chain Revolution, is right, we’re in for a paradigm shift from price to value as companies in search ofincreasingly prize transparency. With more accurate data, companies can move more quickly to avert future catastrophic failures.
“Companies that have always been very active with their suppliers are seeing it pay off right now,” said Sondra Scott, COO at Verisk Financial. “We always talk about having a very centralized point for risk management, and this crisis is highlighting the importance of that.”In contrast to early pandemic storylines that seemed to pit business continuity against sustainability, Hinish said the exact opposite is true.
Acknowledging the complexity of modern supply chains, Scott said companies can head off data overload with a holistic approach to risk analysis.
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