In 2021, organizations will look to further capitalize on their investments by realizing additional cost benefits.Ģ. Despite the initial capital investments, these technologies are driving efficiencies that ultimately lead to cost reduction. However, because of the trend toward digital transformation, organizations have had to invest substantially in new technologies. You can take a quick view of the webinar here or read this summary of those issues and Sawchuck’s take on the research findings:ġ.Spend Cost Reduction: According to Sawchuck, over the last 15 or more years, a focus on reducing spend and costs has taken top priority. In a recent webinar hosted by Ivalua, Chris Sawchuck, Principal and Global Procurement Advisory Practice Leader from The Hackett Group shared 10 key issues that will have a significant impact on Procurement organizations in 2021. While 2020 introduced unprecedented challenges for procurement organizations as they struggled to maintain business continuity and keep supply chains operational, 2021 will continue to present unique challenges even as businesses begin to recover from the chaos and instability of last year, and try to build in supply chain resilience and better supply chain resilience into their Procurement strategies. The research encompasses organizations across industries and sectors, with focus on North America and EMEA. Every year, The Hackett Group surveys global organizations to better understand their top priorities. Supply Chain Transformation is ongoing but never more important than in 2021. ☛ Want to stay up to date with the news? Sign up to our daily bulletin.By Vishal Patel What Will Impact Procurement Processes in 2021? “And if the private sector doesn't step up, we're going to call them out and ask them to act, because our goal is not only to get through this immediate bottleneck, but to address the long standing weaknesses in our transportation supply chain that this pandemic has exposed.” If federal support is needed, I'll direct all appropriate action. “Strengthening our supply chain will continue to be my team's focus. The president committed the administration to prioritising US supply chains. These private sector companies are the ones that hire the trucks and rail cars and move the goods.”
“For the positive impact to be felt all across the country and by all of you at home, we need major retailers who order the goods and the freight movers who take the goods from the ships to the stores, to step up as well. “Goods won't move by themselves,” he warned. He called on the US private sector to follow in the footsteps of Walmart, Target, Home Depot and Samsung which have committed to increasing their off-peak freight operations to relieve the US’ supply chain pressures. “Today's announcement has the potential to be a game changer,” he said. He said this would create an additional 60 working hours a week, and allow HGV trucks to transport goods on the roads throughout the night when there was little traffic, and said freight transported at night could be delivered 25% quicker than that delivered during the day. This is the first, first key step for moving our entire freight transportation and logistical supply chain nationwide to a twenty four-seven system.” When asked about the possibility of president Joe Biden removing tariffs against China imposed by former president Donald Trump, which some argue would take pressure off US supply chains, Buttigieg said: “Every idea is being taken seriously.” He refused to commit any further on the matter.īiden announced in a speech last week that ports in California’s Los Angeles and Long Beach, which account for 40% of the country’s imports, would commence 24-7 operations in a bid to overcome bottlenecks.īiden said: “A twenty four-seven system what most of the leading countries in the world already operated on now, except us. “Demand is up because income is up, because the president has successfully guided this economy out of the teeth of a terrifying recession.”
#SUPPLY CHAIN ISSUES 2021 FULL#
If you think about those images of ships anchored on the West Coast, every one of those ships is full of record amounts of goods,” he said. Part of what’s happening isn’t just the supply side, it’s the demand side. “There are both short term and long-term steps we can take to do something about it. However, he insisted the crisis was under control, and shortages were a sign the country had avoided a “terrifying recession”. US transport secretary Pete Buttigieg has said supply chain disruptions will continue into 2022, but he claimed supply issues were a sign the country was bouncing back following the pandemic.īuttigieg told CNN’s State of the Union: “A lot of the challenges we have been experiencing this year will continue into next year.”
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