In last two decades, the biggest overhaul of supply chains in India Inc brought on by the frequent pandemic restrictions in China, knock-on effects of the Ukraine-Russia crisis, ESG concerns and hardships faced by the companies during the Covid-19 pandemic. These effects have resulted in supply chain consulting outpacing all other functional practice areas of consulting firms.
According to industry experts, supply chain consulting has progressed from a single digit or low double digit growth practice area to one that is growing at a rate of 40-60% for the majority of firms
Throughout the course of the pandemic, consulting majors like McKinsey, BCG, Accenture and AT Kearney and the Big Four consulting divisions have had their hands full with multiple supply chain restructuring assignments as companies struggled to deal with demand fluctuations and capacity constraints.
Source: The Economic Time