SOURCE: A.T. Kearney

A.T. Kearney

May 04, 2009 14:47 ET

Supply Management Has Critical Role in Leading Global Economy Out of Crisis, Says Laudicina

A.T. Kearney Chairman Keynotes Institute for Supply Management's International Conference

CHARLOTTE, NC--(Marketwire - May 4, 2009) - Saying "history shows that dramatic events have always produced cathartic change," A.T. Kearney chairman and managing officer Paul A. Laudicina today called on supply management professionals to lead in the "creation of a new global economic model that builds upon globalization's successes, but also addresses its challenges."

His remarks were made during a keynote address to 1,500 business leaders and policy makers at the Institute for Supply Management's (ISM) 94th international conference in Charlotte, N.C.

Calling the global supply chain the "canary in the mine of shifting business conditions," Laudicina urged ISM attendees to define what this new post-crisis model will look like and how it operates in order to restore economic vitality and growth.

"The knee-jerk reaction to the economic turbulence and decline of the past year -- even with decades of data to support globalization -- is that we're tempted to retrench, to pull back from the very relationships and openness that nurtured our sustained prosperity," he said. "We must add our weight to ensure that the world remains integrated, enabling sustainable growth that is consistent with social and moral imperatives."

Laudicina said global risks to safety, health and prosperity including pandemics, piracy, terrorism and pollution will continue to drive changing consumer demands and government intervention in the private sector.

"The business fundamentals that your supply chains were built on, that your corporate strategies were built on, are changing," he said. "How you respond will determine the difference between resumed growth and prosperity or stagnation and regression."

Laudicina urged supply management professionals to focus on creating the tools, infrastructure and policies to nurture and support continuous innovation, invest in targeted areas that enhance productivity and promote long-term sustainable growth and become a generation of global champions driving ever-higher economic, social and environmental standards.

"We must never doubt the profound transformation and positive change we can create through our daily work," he said. "Purchasing professionals can significantly influence standards of good business by demanding from the supply base that they support practices that customers want and companies promise."

The full text of Laudicina's speech is available at http://www.atkearney.com/index.php/Publications/managing-global-supply-chain.html.

About Paul A. Laudicina

Paul A. Laudicina is Managing Officer and Chairman of the Board of global management consulting firm A.T. Kearney. Prior to assuming this position in 2006, he was Managing Director of A.T. Kearney's Global Business Policy Council, a forum of CEOs and thought leaders focused on assessing global strategic opportunities and risk management. He is the author of a number of articles and books on global strategic issues, including "World Out of Balance: Navigating Global Risks to Seize Competitive Advantage" (McGraw-Hill, 2005), also published in six other language editions. He was named to Consulting Magazine's annual ranking of the Top 25 Most Influential Consultants in 2005 and, again, in 2007.

Before joining A.T. Kearney, Mr. Laudicina was a Vice President and Director with SRI International, the former Stanford Research Institute. He also served in a strategic planning role for a major global energy company and as a legislative director in the U.S. Senate.

About A.T. Kearney

A.T. Kearney is a global management consulting firm that uses strategic insight, tailored solutions and a collaborative working style to help clients achieve sustainable results. Since 1926, we have been trusted advisors on CEO-agenda issues to the world's leading corporations across all major industries. A.T. Kearney's offices are located in major business centers in 36 countries. For more information, please visit www.atkearney.com.

Contact Information

  • CONTACT:
    Doug MacDonald
    A.T. Kearney
    Tel: 312-223-6248
    Email Contact