ONYEKACHI IZUKANNE
STRATEGIC SOURCING
The future of global sourcing With the rapid development of AI , global sourcing is set to continue its transformation . As more organisations digitalise their operations , every aspect of the value chain will come under more scrutiny , with a focus on ESG and a shift towards more localised sourcing . Sam adds that the most successful procurement teams are those driving value in the “ exciting intersection ” where the business meets the supply base .
“ It is in that intersection that we must drive those win-win-win opportunities where we tap into brand-new areas of value , build resilience in our sourcing decisions and make our supply chains sustainable for our people and planet ,” he adds .
ONYEKACHI IZUKANNE
TITLE : CO-FOUNDER AND CEO COMPANY : TRADEDEPOT INDUSTRY : CONSUMER GOODS LOCATION : LAGOS , NIGERIA
Onyekachi brings more than two decades of experience in entrepreneurship and management consulting to spearhead Africa ’ s integration into the global supply chain . His vision focuses on elevating Africa ’ s role in the global economy through improved trade and distribution networks .
“ With these goals at the core of what we do , increasing and applying our knowledge of AI and automation is an important enabler . However , it ’ s important to remember that the primary purpose of AI is to make us better at what we do best as humans — building partnerships with suppliers and stakeholders and unleashing our creativity .”
Onyekachi concludes his views on the future of global sourcing , which he believes will be profoundly influenced by several key trends , each driving significant changes in how companies manage their supply chains .
These include increased digital transformation , emphasis on sustainable sourcing techniques , reshoring and nearshoring production and advanced risk management practices .
“ Advanced risk management practices will become increasingly essential to navigate the complexities of global sourcing ,” he adds .
“ Companies will leverage AI and analytics to predict potential disruptions , diversify their supplier bases and develop robust contingency plans . Regulatory technology ( RegTech ) will play a pivotal role in ensuring compliance with market entry requirements and adapting to legal and regulatory changes .
“ These practices will enable businesses to stay ahead of potential risks and maintain operational stability in a rapidly changing global landscape .”
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