When extreme weather knocks out regional grids or cyberattacks cripple substations, how can enterprises ensure resilient power supply procurement? The answer lies not in doubling down on traditional methods, but in reimagining procurement strategies through a risk-adaptive lens.
Imagine managing a factory in Vietnam while sitting in Stuttgart. How can decision-makers overcome the 7-hour time difference and 8,000 km distance to prevent production bottlenecks? The answer lies in digital twin technology, which has revolutionized operational visibility for 63% of global manufacturers according to Gartner's 2023 report. But what makes this technology truly transformative for cross-border operations?
Imagine this: Your procurement team just approved a $2M equipment purchase using Excel spreadsheets and email threads. Meanwhile, competitors using cloud-based procurement solutions completed similar transactions in 72 hours with 40% cost savings. Why does this gap persist when 83% of enterprises claim to prioritize digital transformation?
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