“Multinational companies grapple with a fracturing world”
This is also the sub-heading of an article in this week’s edition of The Economist. What does it mean for Procurement & Supply? If your first response is about operational risk, pause for a second.
Today’s Procurement & Supply functions were shaped by a never ending quest to become global. Isn’t everything we do today about standardisation, internationalisation, and leverage? Aren’t all our strategy assumptions based on the growth of free trade and market liberalisation? What have we done to adapt, even before recent tragic developments in Europe? Because the world was fracturing long before fourteen battlegroups entered Ukraine, bombing and shelling its cities.