GEOPOLITICAL AND MACROECONOMIC ISSUES
How can procurement mitigate the pressures it faces?
Global businesses are under pressure, and naturally procurement feels that challenge. They’ re squeezed to cut costs while maintaining continuity and value.
Because of global trade volatility, these results reflect a reactive posture, with many reverting to renegotiation and deferral. But long-term resilience won’ t come from short-term savings alone. To mitigate impact, leaders must spend smarter, faster and with greater precision. That requires transformation, especially investment in smarter infrastructure to get ahead of new risks before they become crises.
Procurement is challenged across the board, but challenge breeds opportunity.
Cost-cutting is necessary, but it must be balanced with innovation, business continuity and risk mitigation. Strategic supplier relationships, smarter sourcing and agile operating models can mitigate these pressures.
The answer isn’ t just leaner procurement, it’ s smarter, faster and more collaborative procurement.
Nick Heinzmann Head of Research Zip
Michael Van Keulen Global Practice Leader Procurement Coupa
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