Leaders( 39 %) expect the CPO to be a strategic powerhouse over the next five years
Digital and AI fluency skills are critical to 61 % of respondents
ESG and responsible sourcing will take centre stage
FUTURE OUTLOOK FOR PROCUREMENT ent Magazine
on data and machine learning to move to strategic insights and scenario planning – especially in areas like risk, demand forecasting and supplier performance.
Importantly, procurement is being pulled closer to the heart of business strategy. CPOs are expected to influence areas such as innovation, sustainability and cost leadership. This means deeper integration with functions like finance, operations, IT and ESG – a trend that will only accelerate as organisations seek to build more responsive, responsible and resilient supply chains.
Expect the push for responsible sourcing and regulatory compliance to reshape procurement’ s mandate further, especially as frameworks like CSRD and DPP come into force.
We have quite the future ahead. Now it’ s time to embrace it with both hands.
3 KEY TAKEAWAYS
FUTURE PROCUREMENT: THE EVOLVING CPOs
Leaders( 39 %) expect the CPO to be a strategic powerhouse over the next five years
Digital and AI fluency skills are critical to 61 % of respondents
ESG and responsible sourcing will take centre stage
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