Chief procurement officers (CPOs) must collaborate with stakeholders inside and outside their organization — and begin thinking and acting like CEOs, say the authors of a new report from Gartner Inc.
The U.S. could establish a more resilient supply chain and protect the economy from global disruption. Without government aid, intervention and subsidy, however, this is no more than a pipe dream.
U.S. Treasury Secretary Janet Yellen called on “trusted” U.S. allies to strengthen trade relationships to shore up global supply chains disrupted by the pandemic, worsened by Russia’s war in Ukraine and threatened longer term by a reliance on China.
Michael Walsh, partner with the law firm of Foley & Lardner LLP, discusses the impact on supply chains to date arising from Russia’s invasion of Ukraine, and what further effects companies might experience in the months to come.