WALLDORF – SAP SE (NYSE: SAP) today announced a new research report, in partnership with Oxford Economics, whose findings offer especially timely insights to help companies minimize disruptions to their supply chains, even in crises.
‘The world we live in, while often turbulent, has been turned on its head recently with the impact of COVID-19,’ said Martin Barkman, SAP senior vice president and head of Digital Supply Chain, Solution Management. ‘This unprecedented situation has led to a severe disruption in supply chains, making it challenging for businesses to deliver products on time and meet customer needs. Now more than ever, we need supply chains that are resilient.’
The SAP and Oxford Economics survey examined the practices of ‘Supply Chain Leaders’ – those 12 percent of respondents with more resilient supply chains and higher levels of innovation, customer and employee satisfaction, and growth numbers in comparison to other respondents. While all supply chains are vulnerable to risks in a global economy, the research suggests organizations embrace the traits of industry leaders to be best set up for success, especially during times of disruption. Supply Chain Leaders are identified as those who share the following four traits:
- Base most of their product value chain decisions on customer needs
- Factor in sustainability issues from product design through delivery
- Capture and act on real-time information, often using artificial intelligence or predictive analytics
- Deploy advanced technologies at scale across their organizations
Although the survey was completed in the early days of COVID-19, before the supply chain disruption reached crisis levels, its finding are applicable to today’s challenges.
‘The findings show that supply chain executives need the visibility to make informed decisions with speed and accuracy by leveraging technology that helps their business to sense, predict and respond to these global dynamics,’ said Oxford Economics Senior Research Analyst Ben Wright.
Read the full report from SAP and Oxford Economics to learn more about the study findings. Visit SAP’s website to see the ways SAP is helping customers better manage their supply chains in the face of these unprecedented challenges.
Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.
Media Contact:
Angela Feher, +1 (347) 882-1689, angela.feher@sap.com, ET
SAP Press Room; press@sap.com
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘expect,’ ‘forecast,’ ‘intend,’ ‘may,’ ‘plan,’ ‘project,’ ‘predict,’ ‘should’ and ‘will’ and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (‘SEC’), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
2020 SAP SE. All rights reserved. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.
