COVID-19

Why the Just-in-Time Supply Chain Model is Failing

Posted: 10/13/2021 - 09:00
Why the Just-in-Time Supply Chain Model is Failing

The shortage of personal protective equipment (PPE) is a direct result of one of the biggest supply chain management disruptions in recent history -- the COVID-19 pandemic. These shortages aren’t just bad news for hospitals and retailers, but can often mean the difference between life and death for healthcare workers and their patients.

How to Recognize and Manage Supplier Red Flags

Posted: 09/13/2021 - 09:00
How to Recognize and Manage Supplier Red Flags

Global trends, including the COVID-19 pandemic, have taught procurement professionals the value of identifying supplier red flags and mitigating the risks they may pose before it’s too late. To do this, some organizations are making local buying their top priority, while others are committing to consolidating their supplier lists or further diversifying as their needs demand.

Business Continuity Planning: Are You Planning for Tomorrow or Yesterday?

Posted: 08/31/2021 - 00:00
Business Continuity Planning: Are You Planning for Tomorrow or Yesterday?

Recently DATAMARK, Inc., held a webinar on Business Continuity Planning. The three panelists discussed what was missing or did not receive sufficient attention in business continuity plans and the repercussions it can have for businesses worldwide.

The panelists were largely in agreement that many plans fall short when assessing the human impact of a potential disaster such as the COVID-19 pandemic. Most plans tend to place a disproportionate emphasis on physical things like buildings, transportation arteries, communication networks and data centers.

Turning the Corner on Digital Transformation with GBS

Posted: 08/18/2021 - 00:00
Turning the Corner on Digital Transformation with GBS

The COVID-19 pandemic made an already challenging marketplace even more complicated, forcing businesses to seek out value in every corner of their operations—including in their extended networks. As a result, Global Business Service (GBS) organizations are increasingly investing in new capabilities, demonstrating to parent organizations their ability to improve business outcomes as a true strategic partner.

5 Insights to Drive Your Procurement Priorities

Posted: 07/28/2021 - 09:00
5 Insights to Drive Your Procurement Priorities

Just as there was no roadmap for navigating a crisis like COVID-19, there is no formula for the best way to come out of a pandemic, either. However, if anyone has proven that they are up to charting the way forward, it’s procurement professionals. As resourcing experts, procurement is known for finding strategic solutions that satisfy diverse stakeholder needs — and fast.

Keeping Employees Safe in 2021 and Beyond

Posted: 07/02/2021 - 09:00
Keeping Employees Safe in 2021 and Beyond

The COVID-19 pandemic has reshaped the global workforce in a variety of ways, with employee health and safety catapulted to the forefront of business concerns. Even with vaccination rollouts and months of experience navigating a worldwide pandemic, the future of the global workforce remains uncertain.

When Alibaba.com surveyed 5,000 SMB decision-makers in September 2020, keeping employees healthy and safe while reopening in-person operations was reported as the number one concern among employer firms in 2021.

COVID-19 and Its Impact on the Supply Chain

Posted: 06/26/2021 - 09:00
COVID-19 and Its Impact on the Supply Chain

Remember when the U.S. was virtually held hostage by OPEC? If they raised the price per barrel, U.S. consumers were stuck with higher prices at the gas pump. And then along came fracking. Boom! The U.S. took the alpha role in energy production. Carbon emissions notwithstanding, this new power freed the U.S. economy from dependance on other oil-producing nations. 

COVID-19 Liability Protections Are Not Immunity

Posted: 05/28/2021 - 09:00
COVID-19 Liability Protections Are Not Immunity

The light at the end of the tunnel is shining brighter for businesses that were forced to halt 2020 strategies and goals, customer acquisition and procurement. As the economy slowed to a halt, business leaders struggled to develop a risk management strategy that determined the how, why and when their COVID-19 safety protocols had been enacted. The waters were muddy because initial reopening strategies varied state by state and frequently changed based on infection rates in communities.

Rethinking the Supply Chain Takes a Team Effort

Posted: 05/17/2021 - 09:00
Rethinking the Supply Chain Takes a Team Effort

The supply chain is an often overlooked, yet critical, component of businesses everywhere. For a long time, the focus around supply chains has always been on efficiency and cost reduction. But when COVID-19 hit, weaknesses within the supply chain became readily apparent as traditional management approaches and technologies left businesses underequipped to tackle the huge surges in demand. This problem quickly became widespread. Whether it was a shortage of toilet paper on the consumer side or dropping supplies of microchips in the B2B world, no one was left unaffected.

5 Ways to Prepare for the Next Supply Chain Crisis

Posted: 05/14/2021 - 09:00
5 Ways to Prepare for the Next Supply Chain Crisis

With the impacts of COVID-19 still being felt around the world, it’s hard to look ahead at what might be coming next. But you should.

The COVID-19 pandemic brought a truly unprecedented level of disruption to global supply chains, bringing entire industries to a complete halt. It was unlike any supply chain crisis we’ve seen in modern times, but it was far from an isolated incident.

Making Sense of Supply Risk Management Solutions

Posted: 05/07/2021 - 09:00
From supply chain management vendors to supplier management services, there are different ways companies can manage their risks using third-party sources.

Enterprise risk has never been a higher priority for businesses, executives and procurement practitioners than right now in light of the COVID-19 crisis. The coronavirus disruption has only accelerated many enterprise risks — from cyberthreats, employee health and safety, and most certainly, to supply risks affecting suppliers in complex value chains.

Social Impact Sourcing: A New Version of Commerce

Posted: 04/28/2021 - 09:00
Social Impact Sourcing: A New Version of Commerce

In the midst of a pandemic, business models are wide open for transformation.

From my perspective, COIVD-19 is just a precursor to the larger threat looming from unmitigated climate change. In conjunction with racial inequality, old-hat “business as usual” models are potentially heading off a cliff.

The UN Sustainable Development Goals (SDGs) are what many consider the gold standard for social impact goals. They provide a shared blueprint for peace and prosperity for people and planet, along with an urgent call to action. How do we help achieve these goals?

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