STRATEGIC SOURCING
This was something formulated by McKinsey after speaking with CPOs from a wide range of industries about how their roles are changing and where they see opportunities for the future . “ Their perceptions , combined with McKinsey ’ s analysis , coalesce into a vision for Procurement 2030 that comprises three critical challenges for the CPO : becoming an end-toend value entrepreneur , expanding into new venues of value creation , and building the organisation of the future that provides a strategic blueprint to guide procurement leaders ( Exhibit 1 ). By embracing these challenges , CPOs can position themselves as strategic partners , incorporating innovation , resilience , and sustainability throughout the value chain .”
McKinsey ’ s report outlines six market forces and trends that are transforming the business landscape in 2024 , one of which is supply chain disruptions . These disruptions often go hand-inhand with geopolitical and climate issues , prompting companies to review their globalised sourcing strategies .
128 September 2024