Procurement Magazine May 2022 | Page 22

FIVE MINUTES WITH ...

KORAY KÖSE

KORAY KÖSE , SENIOR DIRECTOR , SUPPLY CHAIN RESEARCH AT GARTNER DISCUSSES THE IMPACT OF GEOPOLITICAL UNREST IN PROCUREMENT AND SUPPLY CHAIN FUNCTIONS
Q . WHAT IMPACT DOES A CRISIS SUCH AS WAR HAVE ON THE PROCUREMENT AND SUPPLY CHAIN INDUSTRY , PARTICULARLY WHEN THESE FUNCTIONS ARE MORE INTERLINKED AND INTERDEPENDENT THAN EVER BEFORE ?

» Globally complex geopolitical and economic dependencies and other unresolved tensions can severely impact global trade and further complicate the supply chain gridlock that economies started to experience since 2019 . Ongoing imbalances and the global supply chain gridlock require companies to stay on top of the emerging issues that vary , from impacts on costs to nonavailability of materials , logistics and changing legislations . Reverberations are already being felt . Given the volatility of events — pandemics , inflation , energy supplies , war and more — the ability of the enterprise to detect rapid shifts in information and then act on it quickly is of utmost importance . It is now intolerable for one department to ‘ sit on ’ information and slow its dissemination throughout the organisation to ensure all can respond to the same information , at roughly the same time , with the same sense of urgency . So , there are not two separate functions – procurement

22 May 2022