GUIDES & REPORTS

How procurement must evolve to control risk

Navigating a tumultuous trading period and mitigating against risk are two challenges that businesses will be all too familiar with. Throw a pandemic into the mix, large scale staffing shortages, and eye watering inflation, and suddenly organizations are forced into survival mode, negotiating an extremely tough economic landscape.

Some businesses thrived during this period, while others were impacted so severely that they had little option but to close.

And, while the economy is far from settled with supply chain and staffing issues still causing disruption, those businesses that did survive will want to prioritize growth while trying to find solutions to the challenges that lie ahead.

The report examines the key challenges of procurement teams which include:

• The Covid-19 pandemic
• Supply chain issues
• Strained relationships with suppliers
• Falling behind in their digital transformation projects