Press Mentions

Future of Sourcing: Rethinking the Future for Resilient Sourcing and Beyond

Supply Wisdom Team Written by Supply Wisdom Team

Rethinking Risk for the Future of Sourcing & Supply Chain
July 1, 2020

While the COVID-19 pandemic is far from over, enterprises are looking beyond the current crisis with the hope of pandemic-proofing their supply chains and operations to build resiliency. But that view is too limited to build true resiliency. The next global business disruption crisis might be a pandemic, but it might also be something entirely different or so novel it’s never been considered. Today’s resilient enterprises need to embrace a mindset shift to view risk through a much wider lens. Those on the leading edge will embed this new risk mindset across all business functions, including sourcing and procurement.

In this article, Atul Vashistha, Chairman, Supply Wisdom, writes about why enterprises must integrate a proactive, continuous risk monitoring approach across the entire sourcing lifecycle to build resiliency and disruption-proof their supply chains and operations.