5 predictions for the supply chain in 2022

Given the events of the last two years, is it possible to predict what will happen in the supply chain in 2022? The answer is “yes”, unless there is a turnaround.

This year, the unpredictability that haunted the world of B2B business in 2021 tends to decrease considerably, mainly due to the lessons learned from the pandemic.

The progress of vaccination around the world, with around 61,4% of the world's population having received at least the first dose of the vaccine, has left the market less apprehensive. Recently, the WHO declared that omicron variant could mean the end of the pandemic in Europe.

Scenario will remain challenging for the supply chain in 2022

For the supply chain, the most positive scenario, with the reduction of impacts of covid-19 and the resumption of economic activity, even if slowly, will make demand more predictable.

However, there is a major concern regarding inflation, increased demand and product shortages on a global level. These issues can cause imbalances in a wide range of sectors.

Port congestion, container shortages and high logistics costs could also impact the “normal” resumption of the supply chain in 2022.

But nothing like what we have experienced before, with factories, ports and even entire cities closed, interrupting most supplies.

From an innovation perspective, it is unlikely that companies will maintain the pace of 2020 and 2021, when they had to face severe crises and shutdowns.

Below, we share the 5 most important predictions for the supply chain in 2022.

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1. Companies are better prepared to manage and mitigate risks

During the pandemic, many companies sought various measures to mitigate the impacts caused by the coronavirus on the supply chain, such as the shortage of raw materials and personal protective equipment to combat the coronavirus.

Therefore, organizations that sought alternatives quickly and were able to engage your purchasing teams in remote work are more prepared to face the challenges of 2022.

2. High inflation will challenge business resilience

Across the world, the current inflationary environment is placing cost pressures on companies, forcing more competitive compensation to attract and retain talent.

Furthermore, to increase competitiveness and differentiate themselves from the competition, companies will need to invest more and more in technologies and process changes. Most of the time, these costs are not passed on in full to customers.

3. The use of technology for purchasing management will continue to grow

In 2022, companies will continue to adopt solutions to gain more agility and make supply chain management smarter. This is the new era of purchasing professional: who uses technology to continuously improve their work.

In addition to faster and more efficient flows, automation of processes through solutions results in gains related to transparency, cost reduction, greater data reliability and more assertiveness in decision-making.

4. Agility is increasingly a determining factor for the supply chain

In such a competitive and constantly changing market, it is necessary to adapt quickly to uncertain scenarios and act strategically. To achieve agility, the purchasing area needs to seek greater visibility and collaboration in all its processes.

The greater the visibility, the greater the chances of finding quick responses to a wide range of situations. Having integrated and collaborative processes with partners is also essential for faster and more assertive decisions.

5. A multidisciplinary and diverse team increases the chances of innovation

Multidisciplinary and diverse teams positively influence companies’ innovation performance. Integration between people of different generations, genders, races/ethnicities and cultures enriches the organizational environment and improves results.

In the supply chain, this exchange can generate solutions to the obstacles that are faced daily, as the sector is very dynamic and has been evolving more and more.

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