Driven by strong growth in countries such as India, China, Australia, and Japan, the energy sector in APAC is expected to proliferate in the coming years. Additionally, the continued support of governments in this region for clean energy projects is also expected to have a positive impact on the growth of the market in this region. However, according to SpendEdge’s supply chain management experts, high energy demand and cost pressures are expected to slow down the growth of the energy sector industry in APAC.
As a result of such challenges, many energy sector firms have started adopting supply chain management studies to streamline their supply chain and increase profitability across the supply chain. Moreover, the supply chain management solutions offered by SpendEdge help firms in the energy sector to gain a deeper understanding of the supply trends and forecasts.
The Procurement Pain Point and Insights Offered
A leading firm in the energy sector wanted to streamline the supply chain across their offices. Additionally, the client wanted to gain a deeper understanding of their supply chain structure and supply trends and forecasts. They also wanted to evaluate the risks associated with supply and demand. Furthermore, the client wanted recommendations on how to increase their profitability across the supply chain.
To cater to the specific category requirements of the energy sector client, the supply chain management experts at SpendEdge followed an in-depth two-step research methodology, which included primary and secondary research coupled with qualitative and quantitative data collection methodologies to address the client’s business issue. During the course of this supply chain management study, the client was able to streamline and curb supply chain risks across their office locations with the help of SpendEdge’s chain vulnerability map. Additionally, the client was offered suggestions on how to understand their supply chain structure better and increase profitability across the supply chain.
Key questions answered in this supply chain management study include
The supply chain management study helped the energy sector client streamline the supply chain across their offices. This helped them gain profitability across the supply chain. Additionally, the client was able to assess the overall impact on the global supply chain and commodity prices.