The pandemic and other world events have thrown supply chains into chaos. Sourcing has become a significant issue for nearly every industry. Global conflict, labor shortages, lack of inventory, and economic factors have all combined to shake supply chains worldwide to the core. The only way for your business to survive is through strategy and planning.
This month's newsletter provides the information you need to solve your sourcing challenges and shows you why an essential part of this equation is a digital supply chain.
Supply Chain Sourcing: How to Build a Responsible, Resilient Network
What you don’t know about your suppliers can hurt your business and your bottom line. A digital supply chain platform can help you streamline operations, cut costs, and make better decisions to meet your environmental, social, and governance goals (ESG). Click below to learn more about the benefits of going digital.
Ethical business practices are increasingly important. Your sourcing strategy must consider social and environmental impacts to preserve brand reputation, protect against unethical suppliers, and improve supplier communication while protecting the environment. Watch this video to learn how to:
With the right digital platform, companies can model beyond their tier-one supplier network and proactively manage risk and increase business resilience while understanding changes in customer demand and responding effectively.
Do you have a question you'd like answered? Submit your questions to AskAnExpert@logility.com.
What to Read Tonight
The pandemic served as a wake-up call that company leaders should be thinking of their supply chain as something that can drive both value and performance. With some experts saying that supply chain crises could last another two years, it’s imperative that companies take steps to create resilience now that will last far into the future.