Although a significant gap exists between organisations’ supply chain transparency aspirations and their current capabilities, teams can make improvements to deliver a supplier visibility boost
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Faced with compounding crises, procurement teams have deprioritised cost savings. It is unclear, however, whether 2023 will represent a turning point for the function
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Daniel Franklin, executive editor and acting US editor of the Economist, joined Everest members on an all-network call to provide insights into the global economy
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While procurement teams have been widely credited for helping mitigate the impact of supply chain labour shortages, the function is not immune to the increasingly fraught competition for talent
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Ensuring the function has the skills it needs to succeed – by hiring, keeping and developing talent – is one of procurement’s biggest challenges, but leaders are taking a number of steps to tackle this issue
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From securing executive buy-in to supporting suppliers to evolve, two procurement sustainability leads share their expertise
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Creating the right structures, enabling collaboration and connecting technology systems, procurement functions can enable closer alignment between risk, sustainability and SRM units
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In the face of sophisticated gangs targeting business-critical systems and data, organisations should take steps to understand the weaknesses in their cybersecurity defences
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Despite the growing impact of sanctions, the former US special representative for Ukraine negotiations tells members: ‘I don’t believe Putin will ever change his mind’
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Members of Procurement Leaders’ risk and sustainability cohort gathered to discuss approaches to mitigating the risks they face now and those they expect to face in the future
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Although many businesses are becoming paper-lite, they are unlikely to become paperless in the short- to mid-term
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While new technology will likely reduce the need for more junior staff, the status of accountants and auditors will further improve, as the role will become more analytical and advisory in nature
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A boom in e-commerce is expected to drive future demand for air freight, particularly in the express cargo segment
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In a highly volatile and uncertain environment, procurement teams have had to rip up their existing playbooks and focus on new priorities
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Category managers are likely to focus on delivering efficiencies through collaboration and innovation in 2023
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