A New CPO Playbook: Balancing resilience, innovation and value creation
Procurement leaders balance resilience, innovation.
Procurement leaders are focusing on five key themes to drive competitive advantage: digital and AI adoption, supply chain resilience, innovative supplier collaboration, ESG integration, and operating model thinking, says McKinsey partners Riccardo Drentin, and Tarandeep Ahuja. Digital tools like spend digital twins and real-time data cleansing are helping procurement quickly adapt to trade tensions. Leaders are also shifting from transactional supplier relationships to co-investing in innovation, aiming to reduce costs, improve quality and enhance sustainability, they say.
Full Story: McKinsey (07/11)
AI's Steady Maturation In Supply Chains
A look back at AI's role in supply chain management
Over the past five years, AL has rapidly evolved in supply chains, moving the niche inventory tools to a foundational technology that supports strategic decision-making and resilience. Early uses in 2020 focused on task automation and historical data analysis. By 2021, AI's role expanded as companies began integrating real-time data across procurement, maintenance, fraud detection and scenario planning.
Full story: Forbes (07/16)
Preparing for 2027: How to Handle the End of De Minimis
E2Open's John Lash explains how the rule's end could impact importers, sourcing strategies, and compliance risks.
Businesses relying on duty-free, low-value shipments need to act now. Read the Questions and Answers on steps to prepare your business.
Full story: Supply Chain 247 (07/24)