Schneider Electric ranked second in Gartner’s Top 25 Supply Chains for 2022. This is Schneider Electric’s third-best five supply chain, and seven years in a row on the list.
Schneider Electric, a leader in digital transformation of energy management and automation, was ranked second in Gartner’s Top 25 Supply Chains for 2022. This is the third of Schneider Electric’s top five rankings and seven consecutive years on the list, demonstrating continued commitment and investment In strengthening the supply chain strategy.
This recognition comes in a year of prolonged supply chain turmoil. Companies around the world and industry continue to grapple with challenges brought about by the global COVID-19 pandemic – limited labor availability, global shortages of raw materials and electronics, and transportation issues. Therefore, it became necessary for companies to review and strengthen the strength of their supplier network and increase local capabilities.
Gartner’s Top 25 Supply Chain 2022 defines the names and profiles of companies demonstrating excellence in supply chain management amid global supply chain turmoil. The list is based on three aspects:
• financial metrics, including return on physical assets and revenue growth,
• Corporate social responsibility, including ESG measures, and
• Community input, including Gartner experts and industry peers.
“We are honored to be recognized by Gartner and our peers in the industry,” He said Murad TamoudExecutive Vice President, Global Supply Chain, Schneider Electric. “We continue to invest in improving our supply chain because of our unwavering commitment to our customers and sustainability goals. We see this recognition as further evidence that we are on the right track – where investing in people and Fourth Industrial Revolution technologies has tangible benefits in terms of flexibility, agility, efficiency and sustainability.”
Earlier this year, Gartner also honored Schneider Electric with the Power of the Profession™ Supply Chain Awards for the “self-healing” supply chain driver for machine learning in this year’s Technology Innovation Process or Technology category. The aforementioned Schneider platform uses machine learning to optimize capacity-related parameters such as safety stock levels, minimum order quantities, and real-time delivery times. Thanks to this solution, Schneider saved more than 100 million euros.
Sustainability is at the heart of Schneider Electric’s operations and mission, and the first pillar of its supply chain strategy is the STRIVE (Sustainable, Reliable, Flexible, Smart, Fast and Efficient) program. Now in its second year since launching the program, the company has accelerated its transformation into the most flexible, innovative, customer- and Earth-focused supply chain. Schneider also launched the Zero Carbon project last year with the goal of reducing the carbon footprint of the supply chain. More than 1,000 suppliers, representing 70% of Schneider’s carbon emissions, have committed to the CO2 reduction initiative.2 by 2025. The project is part of Schneider’s sustainability goals for the period 2021-2025 and is a concrete step towards limiting the increase in average global temperature to 1.5°C or less by 2050, as envisaged in the Paris Agreement.