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Through the first shock of COVID, a few companies delivered stellar results, Kearney study shows


Through the first shock of COVID, a few companies delivered stellar results, Kearney study shows
The key: strategic command of third-party spend
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CHICAGO, March 11, 2021 /PRNewswire/  During the initial shock of the COVID-19 pandemic (Q2 2020 to Q3 2020), a handful of companies grew revenues twice as fast as their industry peers while sustaining vastly higher total shareholder returns. What set them apart? Strategic command of their third-party spend―purchases of goods and services from suppliers, which consume (on average) 50 percent of revenue in manufacturing companies and 30 percent in service companies.
This was among the findings in ....

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