Procurement Pathfinder 2023

Overview Procurement Pathfinder

As we head into 2023, with a slowdown in global economic growth, rising interest rates, increased inflation, and ongoing supply chain disruptions as a consequence of Covid-19 it’s fair to say this year will pose some challenges to businesses and, in particular, procurement departments. To get ahead, procurement teams can help in the following ways:

• HIGH INFLATION

  Actively combat the negative effects of high inflation by having efficient procurement processes and systems in place

• ESG COMPLIANCE

  Champion ESG strategies to capitalise on market opportunity, ensure goals stay on track and cement ESG into both the organisation as well as supply chains

• SUPPLY CHAIN RESILIENCE

  Effectively manage and mitigate risks in the supply chain by understanding and taking action on the data, inviting competition, and proactive collaboration with both internal and external stakeholders