Macroeconomic conditions and the pandemic have had a massive impact on the stability of supply chains. For Germany as an export nation, high inflation and currency fluctuations also pose a high risk.
German corporates are addressing this challenge by restructuring their supply chains – the following strategies can be identified:
Corporates are responding to supply chain problems and disruptions with increased levels of inventory held.
Just-in-case models are increasingly replacing the common just-in-time structure.
- Quality and reliability remain key factors in evaluating suppliers leading to a reduction of supply chain partners.
- Euro and USD are still the top currencies for invoicing.
- Sustainability is increasingly becoming an important factor for supply chain evaluation: more and more corporates require their suppliers to prove sustainability compliance as part of the onboarding and see sustainability as a real competitive advantage.