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Exploring Risk and Resilience at PSC LIVE: The US Summit

Procurementmag · · 1306 words · By Louise Collins
Need for Digital Transformation/Visibility Strategic Importance of Procurement Supply Chain Vulnerability

The article discusses the increased importance of strategic risk management in global supply chains due to constant disruptions like pandemics, geopolitical instability, and tariffs. It emphasizes that modern procurement functions must evolve beyond simple cost negotiation to incorporate deep visibility across all supplier tiers, ESG performance, and robust contingency planning. Key takeaways include the need for cross-departmental collaboration and developing flexible strategies to move from reactive crisis management to proactive risk mitigation.

open_in_new Read the original article: https://procurementmag.com/news/exploring-risk-and-resilience-at-psc-live-the-us…

analyticsAnalysis

20%
Propaganda Score
confidence: 90%
Minor concerns. Some persuasive language detected, but largely factual.

psychologyDetected Techniques

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

17 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 7
schedule Pending 7
help Insufficient Evidence 2
info Single Source 1
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“Global supply chains have faced constant disruptions since 2020.”
CORROBORATED
Multiple web search results confirm that global supply chains have faced significant and ongoing disruptions since 2020, citing issues like the onset of COVID-19 and subsequent instability.
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wikipedia NEUTRAL — Global may refer to:
https://en.wikipedia.org/wiki/Global
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wikipedia NEUTRAL — Globalism has multiple meanings. In political science, it is used to describe "attempts to understand all of the interconnections of the modern world—and to highlight patterns that underlie (and expla…
https://en.wikipedia.org/wiki/Globalism
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wikipedia NEUTRAL — Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. It can be attributed to a series of f…
https://en.wikipedia.org/wiki/Globalization
+ 3 more evidence sources
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“From the COVID-19 pandemic to Middle East instability and US President Donald Trump's tariffs, procurement professionals have operated under constant reaction.”
CORROBORATED
The evidence confirms that procurement professionals have dealt with disruptions from the COVID-19 pandemic and geopolitical/trade issues. While the evidence mentions US tariffs and Middle East instability in the context of general volatility, the combination of all three specific elements is supported by multiple sources discussing these separate crises.
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wikipedia NEUTRAL — The COVID-19 pandemic in Israel is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first case in Israe…
https://en.wikipedia.org/wiki/COVID-19_pandemic_in_Israel
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wikipedia NEUTRAL — The COVID-19 pandemic in Pakistan is part of the pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The virus was confirmed to have…
https://en.wikipedia.org/wiki/COVID-19_pandemic_in_Pakistan
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wikipedia NEUTRAL — The COVID-19 pandemic in Taiwan was a part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). As of 19 March 2023 …
https://en.wikipedia.org/wiki/COVID-19_pandemic_in_Taiwan
+ 3 more evidence sources
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“Amid ongoing geopolitical volatility, procurement teams have found themselves at the centre of business continuity planning.”
CORROBORATED
Web search results indicate that geopolitical shifts and volatility are forcing organizations to rethink strategy, which inherently involves business continuity planning (BCP). One source explicitly defines BCP, and another links geopolitical shifts to strategic planning.
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web search NEUTRAL — AI is no longer a future bet. It’s actively reshaping how decisions are made, how risk is managed, and how value is captured. At the same time, geopolitical shifts, trade volatility, and persistent in…
https://www.linkedin.com/posts/fairmarkit_procurement-is-ent…
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web search NEUTRAL — Mr. Zapata explains that amid geopolitical volatility, regulatory fragmentation and increased government intervention, investment, divestment and cross‑border trade decisions must be grounded in a coo…
https://www.hklaw.com/en/insights/publications/2026/04/geopo…
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web search NEUTRAL — A business continuity plan (BCP) is a formal strategy that outlines how an organization will continue operating during and after a disruption. A BCP can come in different formats: A strategic document…
https://www.shopify.com/il/blog/business-continuity-plan
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“The traditional role of negotiating prices and managing contracts has evolved into a strategic function requiring visibility across multiple supplier tiers, sophisticated risk assessment capabilities and agility to pivot sourcing strategies rapidly.”
CORROBORATED
Multiple web search results describe the evolution of procurement from a basic administrative task to a sophisticated, strategic function requiring advanced capabilities beyond simple negotiation.
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web search NEUTRAL — The procurement function has undergone a remarkable transformation over the past 175 years, evolving from a basic administrative task focused on purchasing goods to a sophisticated strategic ...
https://www.researchgate.net/publication/392325368_The_Evolu…
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web search NEUTRAL — The evolution of procurement from a transactional function to a strategic leadership role reflects the growing importance of procurement in today's complex business environment.
https://www.linkedin.com/pulse/evolution-procurement-roles-f…
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web search NEUTRAL — At one global advanced-industries company, procurement is transitioning into a strategic, center-led function that is automating processes to free up resources for strategic category management.
https://www.mckinsey.com/capabilities/operations/our-insight…
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“Since 2020, ongoing volatility has struck supply chains aggressively.”
CORROBORATED
This claim is highly similar to Claim 0. Web search results confirm that supply chains have faced significant and ongoing volatility since 2020, referencing shortages and instability.
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wikipedia NEUTRAL — In psychoanalytic theory, narcissistic supply is attention or admiration that is pathologically or excessively needed from codependents, or such a need in the orally fixated, that does not take into a…
https://en.wikipedia.org/wiki/Narcissistic_supply
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wikipedia NEUTRAL — Supply or supplies may refer to: The amount of a resource that is available Supply (economics), the amount of a product which is available to customers Materiel, the goods and equipment for a militar…
https://en.wikipedia.org/wiki/Supply
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wikipedia NEUTRAL — In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, the unit price for a particular good or other traded item in a…
https://en.wikipedia.org/wiki/Supply_and_demand
+ 3 more evidence sources
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“US tariffs, inflation, climate change and Middle East conflict have put businesses worldwide in flux.”
CORROBORATED
The evidence links US tariffs, the Middle East conflict, and general global economic disruption. While climate change is mentioned in the context of general risk (Claim 0 evidence), the combination of tariffs, inflation, and Middle East conflict is strongly supported by multiple sources.
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wikipedia NEUTRAL — The Middle East is a geopolitical region encompassing the Arabian Peninsula, Egypt, Iran, Iraq, the Levant, and Turkey. The term came into widespread usage by Western European nations in the early 20t…
https://en.wikipedia.org/wiki/Middle_East
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wikipedia NEUTRAL — Middle East Airlines – Air Liban S.A.L., more commonly known as Middle East Airlines (MEA), is the flag carrier of Lebanon, with its head office in Beirut, near Beirut–Rafic Hariri International Airpo…
https://en.wikipedia.org/wiki/Middle_East_Airlines
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wikipedia NEUTRAL — The foreign policy of the United States in the Middle East, a geopolitical region including parts of Africa and Asia, has among its primary considerations matters of petroleum politics, international …
https://en.wikipedia.org/wiki/United_States_foreign_policy_i…
+ 3 more evidence sources
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“Closures of the Strait of Hormuz and subsequent reroutes have spiked costs and elongated travel times, forcing procurement teams to renegotiate contracts and identify alternative suppliers at unprecedented speed.”
SINGLE SOURCE
The evidence regarding the Strait of Hormuz is highly specific, referencing dates and military actions (e.g., '2026 Strait of Hormuz crisis'). While multiple sources mention the Strait of Hormuz and disruptions, the specific narrative of 'closures and reroutes' causing cost spikes and forcing renegotiations is most strongly detailed within the Wikipedia entries provided, making it difficult to corroborate the full sequence across multiple *independent* news organizations.
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wikipedia NEUTRAL — On 19 March 2026, the United States began an aerial campaign against Iranian targets to reopen the Strait of Hormuz following its closure by Iran in response to the attacks by the United States and Is…
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_campaign
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — The Strait of Hormuz () is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of …
https://en.wikipedia.org/wiki/Strait_of_Hormuz
+ 3 more evidence sources
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“A Global Supplier Risk and Sustainability report by Achilles revealed major gaps in visibility across global supply chains, with further risks contributing to disruption and weakness.”
CORROBORATED
Three separate web search results from Achilles confirm that the company released research highlighting major transparency/visibility gaps across global supply chains.
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web search NEUTRAL — Achilles, a global leader in supply chain risk and performance management, has released new research highlighting major transparency gaps across global supply chains, as organisations face increasing …
https://pressreleasenetwork.com/site/2026/03/26/achilles-glo…
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web search NEUTRAL — Achilles, a global leader in supply chain risk and performance management, has released new research highlighting major transparency gaps across global supply chains, as organisations face increasing …
https://www.ajot.com/news/achilles-global-survey-reveals-maj…
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web search NEUTRAL — Mumbai - Achilles, a global leader in supply chain risk and performance management, has released new research highlighting major transparency gaps across global supply chains, as organisations face in…
https://www.apnnews.com/achilles-global-survey-reveals-major…
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“For over 30 years, Achilles has helped clients meet requirements by providing transparency, carbon reduction and supply chain management.”
INSUFFICIENT EVIDENCE
No evidence was gathered from the provided sources to confirm the claim that Achilles has been providing these services for over 30 years.
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“According to the report, only 6% of organisations reported full visibility into Tier-2 and Tier-3 suppliers, with nearly half reporting limited or no visibility beyond their immediate supplier base.”
INSUFFICIENT EVIDENCE
No evidence was gathered from the provided sources to confirm the specific statistics (6% visibility, half lacking visibility) regarding Tier-2 and Tier-3 suppliers.
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“Procurement teams are increasingly expected to develop supplier scorecards extending beyond price and delivery metrics to include financial health, cybersecurity posture and environmental, social and governance (ESG) performance.”
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“Procurement teams, once operating independently with their own supplier databases and assessment tools, now integrate their insights with finance, operations and risk management functions.”
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“Since 2020, however, procurement and supply chain leaders' roles have been understood as strong drivers of both efficiency and resilience.”
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“Procurement professionals bring supplier intelligence to executive decision-making, influencing everything from product development timelines to market entry strategies.”
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“James Gellert, Executive Chairman at RapidRatings, stated that companies are de-siloing their risk management functions and increasing communication flow across risk management functions, specifically with financial health.”
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“Abhijit Supekar, Senior Director, Global Supply Chain at Aeva, stated that visibility, flexibility, and availability are the three pillars of an actionable supply chain.”
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“Procurement teams are developing more sophisticated supplier qualification processes that balance cost competitiveness with risk exposure.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.