Lenovo has as soon as once more been ranked within the Gartner Provide Chain Prime 25 for 2024, rating tenth on this listing of world firms with distinctive provide chains. The Gartner Provide Chain Prime 25 is a famend annual rating of the world’s superior provide chains. From monetary and company social accountability information and group opinion, it celebrates and profiles firms demonstrating excellence in provide chain administration.
During the last 12 months, Lenovo has intensified its concentrate on key areas in its provide chain, together with safety, digital transformation, and environmental sustainability, alongside the corporate’s world/native method to drive larger efficiencies and improved buyer outcomes.
Right now, Lenovo’s world hybrid manufacturing community consists of 30+ manufacturing websites spanning 10 markets within the 180 markets Lenovo does enterprise in, together with Argentina, Brazil, China, Germany, Hungary, India, Japan, Mexico, and the US. This ensures the provision chain stays resilient and might adapt to any disruption.
Lenovo’s provide chain is without doubt one of the clearest examples of its world/native technique and delivers not solely operational efficiencies for the enterprise however a definitive benefit to prospects by a concentrate on manufacturing in Europe for Europe, the Americas for the Americas, and Asia for Asia. Bringing manufacturing nearer to prospects shortens the native provide chain, makes use of the native expert labor drive, and helps Lenovo’s sustainability targets by extra sustainable manufacturing strategies. Constructing units near prospects dramatically scale back the freight miles these merchandise incur, offering extra environment friendly and sustainable transportation choices. For instance, since changing into operational in 2022, Lenovo’s European manufacturing facility in Hungary has shipped over 1.5 million workstations and servers to over 2,500 prospects in 70 markets throughout EMEA.
Che Min (Jammi) Tu, Senior Vice President and Group Operations Officer, Lenovo, mentioned, “Our provide chain has at all times been a towering energy for Lenovo and stays basic to our future success. Over the previous few years, we’ve seen the subject of provide chains make headlines around the globe when the stream of products is impacted and the knock-on impact this has on a enterprise and its fame. What’s clearer than ever at the moment is that an organization’s provide chain is a aggressive benefit and might not be thought-about a price middle. In actual fact, at Lenovo, we’ve efficiently transitioned our world provide chain right into a business middle and revenue pool. We’re additionally pioneering Manufacturing as a Service, in addition to growing and incubating new applied sciences and options inside our manufacturing amenities and logistics providers that we are able to provide our prospects. For us, we’re extremely proud that we proceed to be acknowledged as having probably the most distinctive provide chains on the planet throughout all industries.”
Lenovo’s dedication to delivering innovation, effectivity, and resilience to prospects worldwide is underpinned by its resilient provide chain, guaranteeing cutting-edge merchandise attain prospects securely.
Lenovo’s provide chain safety method is constructed on a basis of prevention. Suppliers and parts are vigorously vetted, with the corporate’s security-by-design method embedded into the product lifecycle. By taking a proactive stance in opposition to backdoors, tainted merchandise, counterfeits, and {hardware}/software program vulnerabilities, Lenovo safeguards its merchandise and units a excessive trade commonplace for provide chain safety.
Doug Fisher, SVP and Chief Safety Officer, Lenovo, mentioned “Lenovo is devoted to driving provide chain safety by management, so we stay in entrance of the provision chain evolution. Our purpose is to make sure our merchandise are secure, extremely resilient, and reliable earlier than coming into our prospects’ atmosphere. We attest to the integrity of every system proper right down to the bottom ranges within the system.”
Lenovo additionally stays dedicated to ESG. It was within the first group of firms and the primary PC and smartphone maker to have targets validated in alignment to Science Primarily based Targets initiative’s Internet-Zero Normal.. It continues to concentrate on future-proofing its operations by making the provision chain extra strong, adaptable, and worthwhile and just lately launched Lenovo ESG Navigator, a digital answer for amassing and measuring ESG information factors – like power use – from manufacturing facility websites in actual time
With the event of an AI-powered ESG evaluation system comparable to Lenovo’s Intelligence Sustainability Options Advisor (LISSA), Lenovo is empowering prospects with actionable sustainability insights from throughout the worldwide provide chain to know the estimated emissions impression throughout their IT lifecycle and make vital choices to lower emissions. Initially developed to help provide chain decision-making, LISSA has now been commercially deployed to help prospects’ IT sustainability targets.
As a part of Lenovo’s drive in direction of the round financial system, using the provision chain for purchasers’ after-sales help, the place potential, returned parts are repaired by engineers, quality-tested, and reused. To this point, 4m+ parts, together with motherboards, processors, drives, reminiscence, and extra, have been diverted from landfills for reuse inside the product lifecycle.
Concerning the Gartner Provide Chain Prime 25 rating and methodology
The Provide Chain Prime 25 rating contains two fundamental parts: enterprise efficiency and opinion. Enterprise efficiency within the type of public monetary and ESG (environmental, social, governance) information offers a view into how firms have carried out prior to now three years, whereas the opinion element affords a watch to future potential and displays management within the provide chain group. These two parts are mixed into a complete composite rating.
Gartner derives a listing of firms from a mixture of the Fortune World 500 and the Forbes World 2000. In an effort to keep up the listing of firms evaluated at a manageable degree, a normal annual income threshold of $15 billion has been utilized and firms with out bodily provide chains are excluded.
Learn the total Gartner Provide Chain Prime 25 for 2024 Report right here.
Gartner Press Launch: Gartner Broadcasts twentieth Annual Rankings of the World Provide Chain Prime 25, Might 22, 2024.
Gartner Insights, The Gartner Provide Chain Prime 25 for 2024, https://www.gartner.com/en/supply-chain/analysis/supply-chain-top-25 .
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