Redefining Procurement Navigating Geopolitical Risks

Supply Chain Deepdive

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Join hosts Michael Jung and Jess Williams in a compelling new episode of Supply Chain Deepdive as they delve into the insights from Boston Consulting Group's recent article, "How Geopolitics Changes the Procurement Equation." This episode explores the intricate ways geopolitical risks are reshaping global sourcing strategies. Amidst rising complexities and political volatility, traditional cost-focused procurement methods fall short. The hosts discuss why companies must now embrace a holistic "best-value" approach that weighs sustainability, risk management, market access, and innovation alongside cost. They also cover practical strategies, such as creating geopolitical risk heat maps, enhancing supplier relationships, and diversifying supply chains to foster resilience in an uncertain world. This episode is a must-listen for anyone involved in global sourcing or procurement wanting to navigate the challenges of today's geopolitical landscape effectively.

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