Charting the Next Leap Ahead: How procurement can help organisations pull ahead in a polarised world

The last few years have seen massively accelerated digitalisation and the increased adoption of digital technologies. For instance, 9 out of 10 procurement leaders say that their procurement technologies allowed them to make timely, data-driven decisions last year. Many of these changes have had lasting positive effects, with numerous industries benefiting from cutting-edge digital systems. This has led to increased efficiency, enhanced transparency, and better collaboration with suppliers and internal stakeholders.

The world has changed dramatically in recent years and with the continued invention of groundbreaking technologies such as generative AI, more changes and uncertainties lie ahead. Global nations continue to impose trade restrictions, conflicts get escalated, and businesses are required to continuously reassess the increasingly fraught geopolitical landscape. As a result, supply chains are once again in the spotlight. How can procurement overcome the challenges of today’s polarised environment?

How can procurement build on our hard-wrought advancements, further strengthen it, and leap boldly ahead? In our latest ProcureCon Benchmarking Report, we look at:

• Who are the digital leaders and how have their organisations fared?
• How is procurement developing talent and preparing for the road ahead?
• What benefits does AI bring to procurement?
• How quickly is generative AI emerging?