here can be little doubt that , in today ’ s business environment – one that is dominated by disruptions – companies must find new and innovative ways to ensure proceedings run as smoothly as possible . As conflict , increased geopolitical tension and extreme weather wreak widespread havoc on supply chains , leaders find themselves in a position where they must also consider changing customer demands , a heightened focus on sustainability and groundbreaking developments in technology .

But while getting to grips with tech is often a source of headaches , it can inevitably solve the problems keeping CSCOs awake at night .

Supplier collaboration platforms are a prime example of this , providing the kinds of capabilities that not only help organisations overcome challenges , but improve their ability to manage supply chain operations in the future .

Supply chains become ‘ strategic opportunity ’ Throughout 2021 and 2022 , firms across the globe lost out on a staggering US $ 1.6tn in revenue growth because their engineering , supply , production or operations were disrupted , according to Accenture . CSCOs – and C-level executives more broadly – are therefore being challenged to take insight-driven actions to create new value and growth . The key is to build connected supply chain networks that sense disruption and opportunity , continuously adapting while considering cost , sustainability and customer impact simultaneously .

“ Leaders are re-evaluating the supply chain as not just operational , but also a strategic opportunity ,” comments Sari Mackay , Supply Chain Lead at Accenture ANZ .

“ Now , the solution is collaboration and partnership around a ‘ single source

150 June 2024