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%.
Menu
RESILINC BLOGS
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
< 1 MIN READ
Business Leader
< 1 MIN READ
Business Leader
With recent events at Silicon Valley Bank and Credit Suisse rocking international finance systems, the experts...
< 1 MIN READ
Supply Chain Digital
< 1 MIN READ
Supply Chain Digital
Bindiya Vakil, CEO of risk management specialist Resilinc, on the importance of managing supply chain risk...
< 1 MIN READ
Food and Drink Network UK
< 1 MIN READ
Food and Drink Network UK
Following the recent fresh produce shortages in UK supermarkets, is poor weather and climate change and...