Is this a watershed moment for the world of supply chain & logistics?

There have been seemingly overlapping disruptions affecting just about every area of supply chain. From the pandemic to isolated covid outbreaks, major port closures, the pingdemic, Suez and ongoing fall-out, displaced containers, throttled capacity, fuel shortages, HGV driver shortages, Brexit, skilled labour and materials shortages. And now unfolding geopolitical hostility and the mounting cost of living crisis. It feels as though a new more vulnerable chapter in supply chain has begun.

In reality, the troubling upward curve of disruption existed years before covid, and has been well documented. In 2019 McKinsey forecasted that in as little as a decade, companies could well experience losing as much as half their annual EBITDA to global disruption. So, the phenomenon is not new. What is new? The patterns of the past are not being repeated. The level of disruption, seemingly all happening at once, that’s all new.

The other bad news – we are now officially tunnelling into recession. Your contracts and their value will naturally decrease. And recession or otherwise, companies have billions locked into rigid contracts. Unless you’re growing, natural depreciation and attrition mean you’re regressing.

A more volatile landscape where meaningful collaborative engagement and innovation is no longer merely providing a competitive advantage. For many organisations it’s well on its way to becoming a matter of existential importance.

In 2022, dynamically structured supply chain technologies that promote transparency and trust through frictionless access – predicated on perhaps the single most important data and resilience enabler – real-time actionable visibility, will be game changers charged with bringing breathing space and manoeuvrability into customer-supplier relationships and the ecosystem. Read more on the path to lasting resilience.

Suppeco is one such technology, created on the basis that functional relationships deep into supply chain are at the heart of all initiatives. The platform provides a dynamically structured framework that nurtures trust through reciprocal end-to-end access designed to enable real-time granular and actionable visibility and transparency, underpinned by legacy governance busting automated workflows.

Suppeco majors in meaningful collaboration to support critical innovation across a more sustainable albeit turbulent ecosystem and supply chain. Procurement, supply chain, and operational delivery teams are at the epicentre, the ring leaders, if you will, of organisational initiatives that must look to introduce technologies to help drive more sustainable, resilient operations that uphold company values while continuing to meet overarching company growth objectives. To win, they must leverage the right technologies that remove barriers and allow for easier, and effective ways of working for all.