Foodie World

  Strategic sourcing has been growing in importance in the world of procurement.  Traditional sourcing strategy of picking the supplier who offers the lowest cost worked for centuries but doesn’t cut it in a modern, globalized business climate.  Strategic sourcing has proven to be far more effective. In 2020, we saw the value of this approach as a pandemic pushed supply chains to the breaking point. Consumer buying behavior was upended, while many companies were forced to pivot and produce high-demand products like PPE. Adding to the challenges, there were travel and shipping restrictions, and many employees rapidly shifted to working from home. Have a Digital Strategy in Place Many organizations found themselves caught off guard by the events of 2020. Those that already had a digital strategy fared better. With the groundwork already in place, they may have had to move faster than planned, but there was less sense of panic and they were able to pivot more efficiently  Solutions were d