SupplyChain Magazine September 2022 | Page 12

“ Data is exceptionally important to everything we do ”
“ Supplier innovation helps shift the procurement mindset from cost optimisation to profit improvements ”
“ Businesses are now more adept at using outsourced providers as a differentiator ”

THE BRIEF

“ Data is exceptionally important to everything we do ”
Frank Wadsworth Americas Division at Sumitomo Chief Procurement Officer , SMBC �
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BY THE NUMBERS

The latest data from supply chain visibility specialist project44 details port congestion trends

195 % Increase in dwell times in Shanghai Port

“ Supplier innovation helps shift the procurement mindset from cost optimisation to profit improvements ”
Brandon Rael Strategy & Operations Leader Capgemini Invent �
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“ Businesses are now more adept at using outsourced providers as a differentiator ”
Miles Lethbridge Director , Mergers and Acquisitions Consulting , PwC �

78 % Fall in delays at LA and Long Beach Port

3 % Drop in vessel calls , Buenos Aires

Source : project44

EDITOR ' S CHOICE

ADOPTING AI AT SCALE KEY TO SUPPLY CHAIN SUCCESS - ACCENTURE Accenture report says that adopting AI at scale & making data central to supply chain operations is the route to resilient value chains in times of chaos .
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TRUST WILL BE KEY TO SCM OF FUTURE , SAYS UST ' S COLEHOWER Supply chain management of future will require trust , says Jonathan Colehower of UST , with Blue Yonder ' s Wayne Snyder agreeing data sharing will be key .
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12 September 2022