Top 10 2023 Predictions: Revealing the way ahead for digital procurement
- Lizzie Black
- January 20, 2023
This week, we hosted 2023 ProcureTech Predictions & Purpose.
Joined by an expert panel of leading corporates, we discussed the 2022 ProcureTech100’s predictions, providing a unique leaders’ view of what’s in store for digital procurement in 2023.
Over 70 predictions for 2023 were provided by the ProcureTech100 pioneering digital solution providers which provided inspiration for the panel discussion.
The webinar elicited engaging conversations between the panel, each sharing their own experiences, successes and struggles of using and looking for the right digital solutions. The attendees also voted on the predictions that they consider most relevant and likely to happen.
The panel
– Dr Elouise Epstein (Partner, Kearney)
– Vanya Petrovic (Director, Digital Procurement, Coca Cola Europacific Partners)
– Sam De Frates (Global VP – Commercial Performance, Capabilities & Services, Mars)
– Mark Smith (Procurement VP – Digital & Talent Supply, BP)
– Lance Younger (Founder & CEO, ProcureTech)
The conversation was engaging…
“Curation is key… We’re always thinking of practical ways to incentivize suppliers to use sustainable methods.” Vanya Petrovic
“Risk: when the tide goes out, you see the old pipes and rusty trollies. Then you can see who had your back; who was there to help you out? Or who was just there to get their invoice?” Sam de Frates
“Total Talent Management, AI and Analytics capabilities will be essential, especially to manage new categories of spend” Mark Smith
“If your data’s not good, guess what’s not going to be good… your output!” Dr Elouise Epstein
The 2022 ProcureTech100’s predictions were separated into 5 different categories:
We’re also excited to share the Top 10 Predictions for 2023 as voted for by the webinar attendees:
2. Cross-functional, stakeholder-oriented collaboration
Lubos Libiak & Drasko Jelavic, Cirtuo
Organisation & talent
3. Digital solution proliferation is unstoppable and connectivity will be crucial
Adriano Garibotto, Chief Sales & Marketing Officer, and Co-founder, Creactives SpA
Digitalisation & Intelligence
5. Accelerated decision making and best-in-breed tech
Kevin Frechette, CEO and Co-founder, Fairmarkit
Digitalisation & Intelligence
6. Corporate initiatives delivered by integrated procurement/business teams
Kevin Frechette, CEO and Co-founder, Fairmarkit
Organisation & talent
7. Multi-tier supply chain visibility
Ilya Levtov and Seb Butt, Founder & CEO, and Global Business Development, Craft
Supplier Management & risk
8. Digital innovation to turn cost centres into revenue generators
Paul Polizzotto, Founder & CEO, Givewith
Commercial & Productivity
10. Supply chain sustainability accountability and managed action
Malin Schmidt, Founder & CEO, Kodiak Hub
Sustainability
Look out for the full predictions from the 2022 ProcureTech100 pioneers!
Want to make the predictions a reality? Contact ProcureTech to find out how:
ProcureTech StrategyLAB – Hot-house for your digital procurement strategy, operating model & roadmap
ProcureTech SCOUT – Scout, source, select & scale innovative digital procurement solutions
ProcureTech ACCELERATOR – Fast-track programme to co-create digital procurement partnerships
(0) comments