Supply chains are the biggest cost to a company — and the biggest opportunity, Indra Nooyi, chair and CEO of PepsiCo from 2006-18, said during Tuesday’s opening keynote session at ISM World 2021, Institute for Supply Management®’s 105th Annual Conference.
The composite index reading of 55.3 percent in June exceeded analysts’ expectations and indicated a services sector that has been resilient in the face of continuing employment constraints and supply chain snarls. However, that was also the lowest Services PMI® in two years, which raised the antennae of those worried about a potential economic slowdown.
Environmental, social and governance (ESG) performance is becoming increasingly important, as mounting pressure from shareholders and consumers is putting it front and center at many organizations. However, it’s not enough to just state ESG intentions without putting those words into action.