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The past couple of years have tested the resilience of global supply chains as never before. Brexit, the global pandemic, the war in Ukraine and resulting economic turmoil, have put purchasing and supply chain issues at the centre of the public consciousness and the procurement function has repeatedly shown itself to be a vital and highly adaptable component of our economic and social ecosystem.
Procurement’s long-term future remains bright, even if the short-term remains challenging. 2022/23 will be more demanding with procurement teams having to deal with the ongoing global issues as well as greater supply chain risk and team staffing challenges.
Having proved its value in time of crisis, how does procurement continue to build on its successes to meet the challenges ahead? Bigger stakeholder support and the emergence of new technologies will help counter these challenges but keeping abreast of these new technologies and driving value from your data will be key in the year ahead.
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