Sustainability, digitalisation, adaptability, and localisation have been determining factors in the supply chain throughout Europe for the past few years, and 2023 appears to be no different. The pandemic has majorly quickened the trend towards more localised supply chains, with businesses attempting to reduce reliance on far-off suppliers and secure supply chains closer to home.
At the end of 2022, the European supply chain management market was estimated at USD 1.26 billion. This value is anticipated to grow at an astounding compound annual growth rate (CAGR) of 15.8 percent between 2023 and 2030. The high growth rate has contributed to attracting companies of all sizes and from all countries to invest more in Europe.
This edition of CIO Review Europe highlights some of the most important developments in the European supply chain and the sector's significant growth in recent years, despite the pandemic-driven limitations in the market.
It features companies like Syncron, which improves aftermarket business profitability, optimises working capital, increases customer loyalty, and successfully enables the transition to service-driven business.
The magazine also includes the insightful viewpoints of Rachid Hassairi, Sr. Director of Global FSQ management- Supply Chain & External Factories, The Kraft Heinz Company [NASDAQ: KHC], and Chanaka Rathnayake, Senior Production Manager, The HEINEKEN Company. They each address how technology can be utilized to ensure a safe and high-quality food supply chain and how to align company strategy with the supply chain.
Write to us about how the advancements in the European Supply Chain have affected the functioning of your organizations!
