The European energy crisis requires global supply chain leaders to address escalating energy costs and security of supply risks in their strategies forsupply chain sustainability. To manage risk, optimize operations, and transform their organizations’ energy consumption, CSCOs must move from tactical to strategic decision-making.
According to the 2022 Gartner survey on supply chains with European operations:
- Fifty-four percent of CSCOssay energy costs are impacting business viability.
- Sixty-one percentaim to pass these energy costs on to customers.
- Seventy-three percentare focused on energy demand reduction through optimization.
Do you have a strategy to respond to rising energy costs?
Download the three-pronged energy approachto prepare your supply chain's response to current conditions.