SAP SE announced a new research report, in partnership with Oxford Economics, whose findings offer especially timely insights to help companies minimize disruptions to their supply chains, even in crises.
For instance, in the Philippines, despite responding decisively to contain the pandemic and help marginalized sectors, supply chains were still impacted. According to the United Nations Conference on Trade and Development, the disruption in world trade could mean a $50-billion decline in overall global exports, which may have trade impacts that can affect the Philippines.
The SAP and Oxford Economics survey examined the practices of “Supply Chain Leaders” – those 12 percent of respondents with more resilient supply chains and higher levels of innovation, customer and employee satisfaction, and growth numbers in comparison to other respondents. While all supply chains are vulnerable to risks in a global economy, the research suggests organizations embrace the traits of industry leaders to be best set up for success, especially during times of disruption. Supply Chain Leaders are identified as those who share the following four traits:
- Base most of their product value chain decisions on customer needs
- Factor in sustainability issues from product design through delivery
- Capture and act on real-time information, often using artificial intelligence or predictive analytics
- Deploy advanced technologies at scale across their organizations
Although the survey was completed in the early days of COVID-19, before the supply chain disruption reached crisis levels, its findings are applicable to today’s challenges.
Read the full report from SAP and Oxford Economics to learn more about the study findings. Visit SAP’s website to see the ways SAP is helping customers better manage their supply chains in the face of these unprecedented challenges.