24 Jun 20

Post COVID-19 supply markets – how will they change and how will you respond?

Post COVID-19 supply markets – how will they change and how will you respond?

By Mel Shutes, Head of SRM, State of Flux 
 
Those of you that went to procurement school in the 80’s and 90’s, the Porters Five Forces model will be familiar, and probably still features in many category management handbooks. The problem is that it has been used as a snapshot during the creation of a category strategy to analyse the supply market at a point in time and is seldom used as a predictive tool. If it had been effectively deployed in that way in recent years, how many of the supply market ‘shocks’ could have been anticipated?
 
Clearly up until the end of 2019 a global pandemic was not a hypothesis that many companies would have run if they revisited the five forces model, but now that we know what we know, what will the future hold?
 

 

 

Take part in this years 2020 supplier management survey 

 

 

 

Analysis: Hypothesis 2020 State of Flux research 

Porter's five forces source: Porter (1979) 

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