Exploring the Sourcing Potential of European Manufacturers Combined
Kristin Ang, Group Purchasing Strategy & Business Transformation Director, SKF Group
Dr. Thierry Teuma, Global Purchasing Manager, Continental AG
Stuart Urwin-Mann, Group Procurement Director – Direct Materials, Johnson Matthey
Gerd Hofmann, Procurement Expert
During the past few years, challenges in the supply chain have shown European manufacturers how their overreliance on suppliers in Asia has caused problems both in terms of increasing costs and disruptions in production. To tackle this issue, manufacturers have started looking at nearshoring options in and around Europe to not only decrease their dependency on suppliers in Asia, but also as an alternative that addresses the environmental and social aspects of sustainability.
During this initiative discussion we will explore the potential that a joint European sourcing approach could offer in ensuring stability for the European supply chains.
- What would a joint sourcing initiative look like?
- Could such an initiative aid in the creation of new suppliers?
- How could this affect the pricing of both raw materials and parts?
- What are the sustainability implications?
- What would be the steps required to start a joint sourcing initiative?