4 Predictions That Will Shape Procurement in 2022

Posted: 01/27/2022 - 09:00
After an immensely challenging year, the stage is set for major procurement transformation in 2022.

2021 was an immensely challenging year for procurement teams across the globe. Not only did most of the challenges of 2020 continue, but many got significantly worse. Between major supply shortages, rising commodity prices and new variants reigniting pandemic-related disruption, teams had to work extremely hard just to keep their organizations operational, let alone achieve their strategic goals.

Act Now to Address Inflation in 2022

Posted: 12/01/2021 - 22:37
Inflation is here for the foreseeable future. Act now to address the increasing cost of goods and supplies to remain competitive in your market.

Inflation is our call to arms.

Born from supply chain disruptions and shortages of commodities, renewed demand, cyberattacks and natural disasters, the annual producer price inflation for final manufactured goods jumped a whopping 7.8% in September 2021, up from 7.2% in August.   With U.S. inflation hitting a 30-year high, there is no clear end in sight.

How Procurement Can Respond to Inflation and Volatility

Posted: 09/14/2021 - 09:00
How Procurement Can Respond to Inflation and Volatility

Inflation is a word that has been on the minds of every procurement team in 2021. We are seeing a sustained period of supply shortages and price volatility of the kind that most commercial professionals will not have experienced in their working lives. In one way or another, it is having an impact on virtually every business.

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