Unforeseen supply chain problems have always been part and parcel of the everyday business of globally active companies. But the significant rise in serious disruptions of supply chains has resulted in serious economic impacts on an unprecedented scale. With the resulting economic losses increasing by over 150% over the past two decades, a robust and agile supply chain with capable suppliers has become the foundation for business success. Reliable and innovative suppliers are the beating heart of a functioning supply chain.
The rising complexity of the products, more elaborate supply chains, sustainability requirements, technology transformations and commercial competitiveness are just a few of the relevant challenges companies face. Capable launch management, new collaboration models and, finally, customer-readiness, are therefore the focus of supplier management.