As we emerge from the pandemic, the strategic role of supply chains stands at a pivotal point. Tom Chapman's @Supply Chain Digital article on EY's research calls for leaders to address C-suite disconnects. Let's redefine the supply chain's role from solely cost center to one that is accretive to growth, agility and sustainability. https://lnkd.in/gyvekcgZ Takshay Aggarwal Lokesh Ohri Sachin Lulla Parag Jategaonkar
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Our 2024 EY Supply Chain Survey uncovered concerning perception gaps between #supplychain and C-Suite leaders around the value of the supply chain. What steps can industry leaders take to change those perceptions? My colleague, Ashutosh Dekhne, shares his thoughts with Supply Chain Digital:
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The era of traditional supply chains is ending. For today's businesses to thrive, they must adopt digital solutions that provide real-time insights and enhance decision-making capabilities. This transformation is not an easy one to make, but ecosystem partnerships can help simplify and accelerate the process. In Craig Lyjak's recent Supply Chain Digital article, he breaks down the need for organizations to establish ecosystem partnerships and the associated benefits they can offer. Read more: https://go.ey.com/3OibPA9
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Traditional supply chains are no match for the pace and demand of modern business. Organizations need to evolve and do it quickly. See how ecosystem partnerships can help organizations make these critical changes to their supply chains and transform their ways of working. @Craig Lyjak discusses this and more in his recent Supply Chain Digital article. Read it now 👇 #ShapeTheFutureWithConfidence
The era of traditional supply chains is ending. For today's businesses to thrive, they must adopt digital solutions that provide real-time insights and enhance decision-making capabilities. This transformation is not an easy one to make, but ecosystem partnerships can help simplify and accelerate the process. In Craig Lyjak's recent Supply Chain Digital article, he breaks down the need for organizations to establish ecosystem partnerships and the associated benefits they can offer. Read more: https://go.ey.com/3OibPA9
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Surprisingly, 88% of supply chain executives feel that their C-suite sees the #supplychain as a cost center rather than a strategic asset. EY's latest survey uncovers concerning gaps between C-suite and Supply Chain executives on supply chain value, digital maturity, and integration benefits. These discrepancies call to mind views from the pre-pandemic past, not a modernized and integrated future. The findings show a significant perception gap—26% of C-suite leaders view their #digital interaction with suppliers as relying on emails and spreadsheets, versus just 16% of supply chain executives Get the five actions for supply chain leaders to demonstrate the true strategic potential of their operations. https://lnkd.in/g8hHBAji #EYSupplyChain #research
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Traditional supply chains are no match for the pace and demand of modern business. Organizations need to evolve and do it quickly. See how ecosystem partnerships can help organizations make these critical changes to their supply chains and transform their ways of working. @Craig Lyjak discusses this and more in his recent Supply Chain Digital article. Read it now 👇 #ShapeTheFutureWithConfidence
The era of traditional supply chains is ending. For today's businesses to thrive, they must adopt digital solutions that provide real-time insights and enhance decision-making capabilities. This transformation is not an easy one to make, but ecosystem partnerships can help simplify and accelerate the process. In Craig Lyjak's recent Supply Chain Digital article, he breaks down the need for organizations to establish ecosystem partnerships and the associated benefits they can offer. Read more: https://go.ey.com/3OibPA9
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During the pandemic, C-suite leaders emphasized the critical value of supply chains, but a recent EY survey indicates that urgency around supply chain innovation is fading, with C-suites reverting to cost-focused views. As global disruptions and complex challenges persist, organizations must rethink their supply chain strategies to avoid complacency. Agile, digitally integrated supply chains can set companies apart, yet leaders need to recapture the momentum, repositioning supply chains as growth drivers. EY’s findings highlight five key areas for making supply chains a strategic asset, fueling business expansion beyond cost management. Shippers should keep business continuity plans current, enhance supply chain visibility with robust, high-integrity data, and diversify their vendor sources. Get in touch to discuss your planning needs. #logistics #humanstandard #forwarding Read the full report:
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🌐The role of supply chains in driving business success cannot be overstated. Dive into this compelling article by EY to explore how a well-optimized supply chain can be a catalyst for growth and innovation. 🔗 Read the full article here: https://lnkd.in/e3WmZiK4 #SupplyChain #BusinessGrowth #Innovation #EYInsights
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There's a large disconnect between industry executives and the C-suite when it comes to the value of the #supplychain. Our new @EY 2024 Supply Chain Survey found that most supply chain executives see the function as a strategic asset, yet 88% of them report that their C-suite views it as a cost center. How can supply chain executives bridge that disconnect? We outline five actions to kickstart alignment in our report: https://lnkd.in/ejQdpNNd
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Excellent recent article from Deloitte about the evolution of the Chief Supply Chain Officer role. With the continual discussion around advancements in GenAI, the advice of staying ahead of the technology curve without rushing into potentially unscalable solutions really stood out to me, as did the importance of building the workforce of tomorrow, not just today. A great guide for any aspiring CSCOs.
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