This issue is built around a sustainability theme, and features a cover story about how supply chains must be more resilient and responsible to combat climate change risk. Additionally, read how sustainability has become a business imperative, how it is measured and the challenges associated with it. Also, learn about the all-virtual ISM World 2021 Annual Conference, which will offer a 360-degree perspective of the supply management landscape.
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The Hospital ISM® Report On Business® found a continuing increase in elective procedures and subsequent boosts in new orders and employment. The Hospital PMI of 61.9 percent was a 3.1-percentage point increase from March.
The shortage issue’s roots extend to long-standing just-in-time (JIT) manufacturing models, as well as the increasingly greater use of connected devices, products and components dependent on chips and integrated circuits.
The Services PMI® of 62.7 percent, although just a point below March’s all-time high, was considered a disappointment on Wall Street. Meanwhile, services-business executives and supply managers focused on responding to the opportunities and challenges evident in the data.
The coronavirus pandemic — the latest in a litany of inventory-threatening supply chain disruptions — has led to calls to break the glass on a new model: from just-in-time to just-in-case, or something in between.
At some point, analytics will again be more about strategy than survival, providing an opportunity to reevaluate metrics and how they can measure procurement’s contributions to overall business goals.
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