- Climbs 2021 ranking, up two out of 4e square
- Three consecutive years, Schneider Electric has ranked among the top five
This is the third time that Schneider Electric has made the top five and the seventh consecutive year that it has made the list. This demonstrates the company’s continued commitment and investment to strengthen its supply chain strategy.
The recognition comes in a year of prolonged supply chain disruption. Businesses around the world and across industries continue to grapple with the impact of the COVID-19 pandemic, facing limited labor availability, global shortages of raw materials and electronics and transportation problems. It has become even more critical for businesses to rethink, reprioritize and build the robustness of their supplier network and increase local capacity.
The Gartner Supply Chain Top 25 for 2022 identifies, celebrates and profiles companies demonstrating excellence in supply chain management in the face of global supply chain disruption. The list is decided based on three aspects:
- Financial measures, including return on physical assets and revenue growth
- Corporate social responsibility, including ESG measures
- Community opinion, including Gartner experts and industry peers.
“We are humbled and honored to be recognized by Gartner and our peers,” said Mourad Tamoud, executive vice president of global supply chain, Schneider Electric. “We continue to invest in improving our supply chain because we have an unwavering commitment to our customers and to sustainability. We believe this recognition is further proof that we are on the right track – that investing in the people and technologies of the Fourth Industrial Revolution has tangible benefits for resilience, agility, efficiency and sustainability.
Earlier this year, Schneider was recognized by Gartner in the Power of the Profession™ Supply Chain Award. for its Adaptive Machine Learning Driver ‘Self-Healing’ Supply Chain in the Process or Technology Innovation of the Year category. The Schneider platform optimizes performance-related parameters such as safety stock quantity, minimum order quantities and delivery times in real time using machine learning. This saved more than 100 million euros.
Sustainability is central to Schneider’s purpose and mission, and the first pillar of its supply chain strategy, STRIVE (Sustainable, Trusted, Resilient, Intelligent, Velocity and Efficiency). Now in its second year, the company has accelerated its transformation to become the most agile, innovative, planet-centric and customer-centric supply chain.
Last year, Schneider launched the Zero Carbon Project, which aims to reduce the carbon footprint of its supply chain. More than 1,000 suppliers, who represent 70% of Schneider’s carbon emissions, have committed to the initiative to halve the CO2 emissions of their operations by 2025. The project is in line with the development objectives Sustainable Climate 2021-2025 and is a concrete step towards limiting the rise in average global temperatures to 1.5°C or less by 2050, as targeted by the Paris Agreement.
Earlier this year, the Schneider Electric plant in Vaudreuil, France was recognized by the World Economic Forum as a beacon of sustainability, one of only six in the world, and two for the company, the other being Lexington, Kentucky. Its Hyderabad plant in India was also recognized as an advanced flagship, bringing the company’s total number to five.
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About Schneider Electric
Schneider’s goal is to give everyone the means to make the most of our energy and resources, combining progress and sustainability for everyone. We call it Life is on.
Our mission is to be your digital partner for sustainability and efficiency.
We drive digital transformation by integrating cutting-edge process and energy technologies, endpoint-to-cloud connection products, controls, software and services throughout the lifecycle, enabling integrated management of enterprise, for homes, buildings, data centers, infrastructure and industries.
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