The uneven recovery has led to a number of prophesied disruptions for procurement teams, from workforce mobility challenges, limited availability of materials and impacts on the resilience of commercial partners
Procurement professionals at all levels expect to transition to more strategic, insight-driven roles – in line with the function’s continuing evolution from back-office cost enforcer to valued business partner and adviser
The use of cloud-based subscription software is increasing rapidly. Analysts expect the global public cloud services market to expand at a CAGR of 16.4% between 2020 and 2027 (source: Allied Market Research, 2020).
The global fourth-party logistics (4PL) market was estimated to be valued at $57.65bn in 2019 and is projected to reach $84.43bn by 2026, expanding at a CAGR of 5.5% between 2019 and 2026 (source: Globe Newswire, 2021).