Post Corona – recovery strategies for struggling supply chains

A recent Mc Kinsey report stated that “Business leaders now have a better sense of what can, and cannot, be done outside their companies’ traditional processes. Many are beginning to appreciate the speed with which their organizations can move once they change how they do things”.

Indeed, as businesses are forced to do more with less, many are finding better, simpler, less expensive, and faster ways to operate. Businesses are also bridging the divide and following a more humancentric approach, building partnerships with suppliers, instead of relationships, to support them in retooling for a competitive future.

Managing Supplier Development in the Covid-19 Crisis

The impact of the Covid-19 and subsequent country lockdowns will be inevitable, particularly on local and global supply chains. This is a critical pivot point for business, and business leaders face a golden opportunity to use this crisis as a disruption signaling a seismic shift in how things are done. Businesses and corporates can take proactive steps to assess their supply chains, manage supply chain risks, structure an appropriate response and innovate with purpose for a competitive future

What does our economic future in South Africa look like in the face of COVID-19?

The COVID-19 pandemic is the biggest disruption to the global economy since the bankruptcy of Lehman Brothers in 2008 and has forever changed the business landscape.

South Africa, in particular, is already experiencing a recession and low growth due to the combined effects of pre-existing financial stressors, our junk credit status and others such as load-shedding, and as such, the South African Reserve Bank anticipates a 3-4% contraction in 2020.

Embracing the digital domain – exploring ways to limit COVID-19’s impact on the supply chain

A focus on supporting the livelihoods of women in Supplier Development programmes

From immediate relief efforts to longer-term recovery strategies, all sectors of society, including, government, businesses and corporate leaders need to invest in local women’s economic empowerment and have a responsibility to ensure actions taken and support given is responsive to the unique and unequal impacts on women.

Nation building to reignite growth – A focus on SMME resilience strategies

Resilience requires corporates and entrepreneurs to engage in two somewhat contradictory activities: one is bouncing back from the collapse of markets, the breaking of supply chains, and the depletion of workforce capacity. The other is learning how to leap forward into markets, supply chains and talent markets where the rules for survival and success are unclear and changing.

Embracing future based skills, collaboration and innovation in the supply chain

To have a forward view even when faced with unforeseen challenges, such as the Covid19 pandemic, supply chain leaders need to prepare for ecosystem disruptions and supply chains of the future. How might these look? How do we collaborate for ecosystem success and what supply chain strategy, roadmap and innovation pipeline needs to be established?

Building thriving, inclusive and healthy supply chains in South Africa

Supply chain leaders need to build future-fit supply chains that both drive progress on top procurement priorities and advance the sustainable business agenda. At the same time, they need to build the ecosystem for the benefit of small business and entrepreneurs alike. This is no easy task, especially in the face of the Covid19 pandemic.

The top supplier development companies in South Africa

The top supplier development companies in South Africa as announced during the Absa Business Day Supplier Development Awards on September 9 in 2020.