Domino effect: Keeping supply chains balanced as tensions rise

KPMG hosted the latest in a series of peer group exchanges during which chief supply chain officers (CSCOs) across multiple industries participated in a discussion about combatting internal and external supply chain pressures.

Key takeaways

• Keeping track of complex and evolving macroeconomic indicators is becoming increasingly crucial to supply chain resilience. To manage volatility through both short and long cycles, supply chain leaders require deeper and more regular data and analysis on supply chain impacts of inflationary pressure, geopolitical developments, and wage and labor challenges.
• Enterprise resource planning (ERP) system consolidation is a top agenda item, but complex supply chain ecosystems face multiple challenges as they move from patchwork solutions toward a consistent core. Change management stands out as a particular sticking point at the later stages of multiyear ERP implementation programs.
• Corporate commitments to advance toward environmental, social and governance (ESG) goals continue to gain momentum and attention, with direct impacts on supply chain priorities. Greater engagement and transparency through the end-to-end supply chain, including requirements, activities and controls of vendors around the world, is a foundational requirement for companies to operate sustainably and responsibly.

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