Strategic Procurement Leader || Direct & Indirect Spend || Cash Optimization || Risk Management || Procurement Transformation || Commodity Sourcing || Supplier Relationship Excellence || FMCG || Pharma || Advisory
75% of supply chains fell short in 2023. Ready to break that cycle? Nearly 3 in 4 organizations did not meet their desired supply chain and supply chain management capabilities in 2023. Key Takeaways for 2024: 1. Digital transformation is crucial for adaptability and efficiency. 2. Organizations must be prepared to navigate global trade complexities and geopolitical uncertainties. 3. Integrated Business Planning (IBP) will be essential for aligning operations with strategic goals. The bottom line? Organizations must evolve rapidly to stay competitive. The traditional ways of thinking and operating are no longer sufficient to navigate the intricate supply chain landscape - it's time for a major shift in strategy and mindset. Check out the 2024 APQC Supply Chain Priorities and Challenges Report! 👉 https://lnkd.in/gEanFkbR
Som Sankar Mishra, supply chains lagging, huh? it’s like they’re stuck in traffic! digital transformation and ibp sound like game changers for 2024. what do you reckon is the biggest barrier to that shift?