Diebold Nixdorf's Joern Foerster Receives "Leaders in Supply Chain Award 2024" by Alcott Global
Rhea-AI Summary
Joern Foerster, Diebold Nixdorf's senior vice president of supply chain, has been awarded the 'Leaders in Supply Chain Award 2024' by Alcott Global. The recognition highlights Foerster's leadership in key initiatives aimed at creating a more resilient, regionalized, and digitized supply chain. Notable achievements include:
- Transitioning to a distributed manufacturing model
- Developing new suppliers globally, including near-shoring to North Canton, Ohio
- Optimizing the global supply chain footprint for greater flexibility and reduced goods in transit
Foerster, a 25-year veteran at Diebold Nixdorf, emphasized the team effort behind this success. The award recognizes the top 30 global supply chain leaders annually, based on case study evaluations and votes from over 2,000 C-level executives.
Positive
- Recognition of Diebold Nixdorf's supply chain improvements through a prestigious award
- Implementation of a distributed manufacturing model reducing customer lead times
- Development of new suppliers globally, enhancing supply chain agility
- Optimization of global supply chain footprint, improving flexibility and reducing goods in transit
- Positive impact on company performance through supply chain improvements
Negative
- None.
News Market Reaction
On the day this news was published, DBD gained 2.60%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Honored for his outstanding leadership in key initiatives toward a more resilient, regionalized and digitized supply chain
- Moving from a centralized manufacturing environment to a distributed model to reduce lead times for customers;
- Developing new suppliers in key locations globally, including near-shoring to the company's
North America hub inNorth Canton, Ohio , to ensure a more agile supply chain operation; - Optimizing its global supply chain footprint to provide greater flexibility and resilience while reducing significant goods in transit.
Foerster, who has worked for Diebold Nixdorf in various roles with growing responsibility during the last 25 years, said: "I am delighted to receive this award which, importantly, I accept on behalf of my leadership team and the entire Diebold Nixdorf global supply chain team. Over the last years, our efforts to stabilize and constantly improve our supply chain have been an enabler of success for our company's performance, which makes me very proud. I look forward to working with my team to further optimize our supply chain each and every day."
Frank Baur, executive vice president, Operational Excellence at Diebold Nixdorf said: "I proudly congratulate Joern on this well-deserved award. Under his leadership, our supply chain management has built strong capabilities and is a differentiating force. Utilizing Lean principles, we have created strong momentum on our continuous improvement journey to operational excellence with measurable impact to free cash flow, margin expansion and profit improvements."
Every year, the Alcott Global Leaders in Supply Chain Award honors the top 30 personalities in the supply chain sector, highlighting the important work those supply chain leaders accomplish by digitalizing operations and driving forward decarbonization and sustainability. To be selected as one of the Top 30 supply chain leaders, nominees must submit a case study that is evaluated and ranked by a jury of experts from different regions around the world. Additionally, over 2,000 C-level executives were invited to vote for the remarkable leaders.
About Alcott Global
Alcott Global provides executive search solutions for key positions at all pillars of end-to-end value chains, from general management to overall supply chain operations, including non-executive board roles. Through Supplify, Alcott Global matches corporations with the top tech companies to drive change in supply chain and logistics. In the Makers & Movers face-to-face events, Alcott Global brings together value chain executives to connect, collaborate, and innovate — forums focused on business value creation.
About Diebold Nixdorf
Diebold Nixdorf (NYSE: DBD), Incorporated, automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.dieboldnixdorf.com for more information.
X: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
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SOURCE Diebold Nixdorf, Incorporated
FAQ
What award did Diebold Nixdorf's Joern Foerster receive in 2024?
What key initiatives did Diebold Nixdorf (DBD) implement to improve its supply chain?
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How are recipients chosen for the Alcott Global Leaders in Supply Chain Award?
