McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In some industries, suppliers account for over 80 percent of the value of the products that are produced. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers. Companies with close collaboration with suppliers outperform their peers. Depending on the industry, companies can see cost savings of 5 to 10% and revenue gains of 7 to 10%.
Home / In the News / Effective Supplier Collaboration Is Critical
Infographic
Future-Proof Your Supply Chain Resiliency With Our Top Supply Chain Megatrends For 2024
Examine the state of global supply chains in 2023 and the predominant global megatrend shaping 2024 to future-proof your supply chain resiliency
About Resilinc
We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Recent Posts
Recent In the News
Loading...
May 01, 2024
< 1 MIN READ
Pharmaphorum
With people’s health and lives at stake, maintaining a resilient pharmaceutical supply chain to ensure the...
Apr 24, 2024
< 1 MIN READ
Milwaukee Journal Sentinel
Standing alone on the floor of the once-humming Stoughton Trailers factory, company president Bob Wahlin assessed...
Apr 22, 2024
< 1 MIN READ
Supply Chain Management Review
Global conflict is big business for defense manufacturers. And similar to the healthcare supply chain, lives...