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According to Resilinc’s Eventwatch report , nearly 2,000 supply chain events took place in 2017, representing a 30 percent increase over 2016. In order to be proactive and prepared, smart sourcing leaders will scenario plan not only for the “big” events, but also for those that may be lower impact, yet occur with more frequency.
A growing number of consumers, about 25%, are now willing to pay a premium for environmentally friendly products, such as electric vehicles and sustainably sourced clothing, expecting that the companies they patronize uphold similar ethical standards. Watch the webinar, What’s Next in Financial Services?
On October 19th, the Future of Sourcing Awards will celebrate organizations and individuals that have shown innovation, leadership and transformation in categories that are critical to the sourcing industry. Can you outline why your team embarked on this project and the problem that needed to be solved? Project: Supply Wisdom ESG.
For example: Amazon Lex – In 2017, Amazon introduced Amazon Lex, which has enabled the company to understand what their consumers want or need before they do themselves. Finance Financial organizations can enhance riskmanagement, fraud detection, and compliance with the aid of big data and machine learning.
In 2017, The Economist published a story titled, “The world’s most valuable resource is no longer oil, but data.” It’s almost impossible for business leaders to make decisions based on myriad data sources until the big data is converted into relevant information and then actionable insights.
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Amazon’s acquisition of Whole Foods in 2017 exemplifies a horizontal integration strategy, as it allowed the e-commerce giant to enter the grocery market and enhance its physical retail presence.
Embedded Finance: unlocking the $500Bn opportunity Gareth Wilson 7 November 2023 Facebook Twitter Linkedin The revised Payment Services Directive (PSD2) was passed by the Council of the European Union in 2015, and widely implemented in 2017. To remain resilient, banks must build integrated riskmanagement capabilities for embedded finance.
Since the COVID-19 pandemic hit in 2020, organizations have become cautious and started taking a systematic approach to mitigating supply chain risks. Disruptions in key geographies continue to contribute to sourcing and logistical uncertainties, blocking the movement of goods.
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