Expect disruptions. Weather events and disease, labor shortages and trade embargoes, a range of forces increasingly threaten supply chain integrity around the world. These bottlenecks and delays threaten on-time deliveries, customer relationships and profits. And in a world of interconnected economies, hold-ups in one country can have global repercussions — making supply chain agility and risk management a high-stakes imperative for procurement leaders everywhere.
At the same time, the role of the procurement leader is evolving. Once limited to risk mitigation and business continuity, these leaders must now shoulder a range of new priorities — driven by a rapidly evolving regulatory environment. Procurement leaders are now expected to steer their company toward a brighter, greener future, one that protects people and ecosystems — while safeguarding their own business interests.