Sourcing & Procurement

Nearly 75% of companies plan to reduce their share of sourcing from China, with the U.S. and Mexico appearing to be the big winners according to an AlixPartners survey.

While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns.

The combination of consumer spending continuing to remain resilient, retailers with inventory and delivery providers with capacity add up to a supply chain delivering this Christmas.

Global trade tensions and continued material shortages will continue to hamper the supply chain in 2024 says a Deloitte forecast.

This Harvard Business Review Analytic Services report, sponsored by GEP, explores pivotal strategies that companies are adopting to develop enduring sustainability initiatives.

More than $160 billion was spent with diverse suppliers in the past year among just 326 companies analyzed by Supplier.io, directly supporting 1.3 million jobs.

A conversation with Ken Brennan, Head of Category Adoption, Strategic Accounts, Amazon Business.

Amazon Business’ State of Procurement survey found that 85% of businesses plan to either increase, or maintain their procurement budgets in 2024.

How big is the nearshoring trend? An Accenture report says the number of global companies nearshoring product manufacturing will double in the next 3 years.

A thorough and strategic vendor selection process guides companies through the vendor selection process, helping ensure subpar suppliers never make it into the procurement process.

A Canadian supply chain law set to take effect Jan. 1, 2024, will place the responsibility on brands, retailers, and importers to identify and prevent child and forced labor within their supplier networks.

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

Direct sourcing requires a high level of collaboration between the procurement team and suppliers, and any disruption in the new product development process can lead to delays in production and increased costs. To address these challenges, companies must deploy a holistic approach across both direct and indirect sourcing.

As President and Co-Founder of GEP, Neha Shah describes herself as an ‘accidental entrepreneur.’

A new report from Moody's finds that companies that rely on buying carbon offsets as an emisisons-reduction strategy could face financial and reputational harm.

To establish standards for responsible AI practices, GEP has collaborated with the World Economic Forum and prepared this comprehensive report. The report lays down a customizable framework to help businesses adopt ethical AI technology. It has detailed assessment criteria, supplier questionnaires and insights on how to overlay all of it with strong governance.

If there was any doubt about how artificial intelligence can change the business landscape, the launch of ChatGPT has proved to be decisive.

Generative AI tools such as ChatGPT and Bard are poised to become a game-changer for supply chain and procurement professionals. By using this technology, professionals can improve their efficiency and productivity, and make better decisions that will benefit their organizations.

ChatGPT, the headline-grabbing chatbot-on-steroids tool from Open AI, is a powerful example of how a new wave of emerging AI-driven natural language content development tool will transform (for better and for worse) companies, industries and our lives.

In this case study a multinational consumer packaged goods (CPG) manufacturer wanted to transform its procurement and streamline source-to-pay (S2P) processes. The company had near-zero focus on its indirect spend and a reactive support model that prevented it from capitalizing on global synergies.