CIRCULAR ECONOMY the pandemic ’ s government shutdowns . These challenges illuminated weaknesses within global supply chains and led procurement teams to leverage short-term mitigation tactics like supplier diversification and near-shore manufacturing .
Nuce says : “ But while these strategies may have solved their immediate concerns , procurement ’ s material challenges are far from over . These ‘ solutions ’ are still heavily reliant on virgin materials , and as the world ’ s natural resources continue to dwindle , this business model will be unsustainable . What happens to global supply chains when these scarce resources inevitably run out ?
“ What procurement leaders have now , which they didn ’ t have during the pandemic – is foresight . They know these challenges are coming , so the question becomes – what are they going to do about it ?”
For Nuce , to build resilient supply chains moving forward , procurement teams must evaluate the long-term impact of their product sourcing and distribution processes . By
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