This issue of Inside Supply Management® features our annual outlook on the U.S. and global economies and the impact on supply chains in the coming year. In the cover feature, read about how, in some respects, we’re still trying to figure out “new rules” for the economy in the wake of COVID-19. A second feature touches on how supply chains are experiencing ongoing long COVID symptoms, some of them positive. Also read about how the U.S. can respond to China’s Belt and Road Initiative and the benefits of enacting supplier diversity and inclusive practices.
In Inside Supply Management®’s annual technology, data and analytics issue, learn how artificial intelligence (AI) and generative AI are on track to revolutionize procurement — including tips for using such tools, how to avoid potential risks and how DuPont is using generative AI. You’ll find highlights of Institute for Supply Management®’s (ISM®) 2023 Data and Analytics Study, which examines the caution flags on the data speedway. Another feature delves into anticipating the next era of wartime supply chain strategies.
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In the global economic landscape, two significant forces — market consolidation and reshoring — are reshaping the business world. These phenomena, extending beyond mere trends, have profound implications, particularly for small businesses and supply chains.
Through recognition of unconscious bias and development of measurable and accountable processes, supplier diversity engagement helps create a more even and ethical playing field for businesses and communities.
A procurement department of one enjoys autonomy but has sole responsibility for a company’s supply chain and must overcome a competitive disadvantage against larger organizations.
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