Supply chains are coming under greater scrutiny as regulators tighten their grip. With steep penalties for noncompliance, businesses are scrambling to keep up. Yet, for many, compliance is difficult — calling for visibility of the end-to-end supply chain: Tier- 3 and beyond. Supply chain mapping is a start, but not a complete solution. There is a competitive advantage to be gained from going beyond a minimum level of compliance; businesses can derive significant ROI from real-time end-to-end visibility: operational resilience.
Created in partnership with Procurement Leaders, this paper provides an overview of the significant upcoming compliance and supply chain challenges procurement professionals will face in 2023 – and potential solutions.