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To capitalize in the new year, Procurement will need to continue its transformation in people, processes and technology. Change requires knowledge, which is why we look ahead to the trends that are likely to dominate the purchasing world in the coming months.
During our trend spotting last year we said that crisis brings change, and that is still the case. With a few isolated exceptions, the world has consigned the pandemic to history. Yet its effects continue to be felt in several ways, from the skills shortages exposed by the Great Resignation to the impact of rising fuel costs on supply chain logistics.
2022 was supposed to serve as a year of recovery and a return to a new normal.
Unfortunately, we haven't had much time to lick our wounds. Russia's invasion of Ukraine has had far-reaching consequences for the personal and professional lives of billions of people who have been tested over the past year. As a result of the previous years/months, the state of the global economy has not been in great shape. This makes 2023 a year that will require a concentrated effort from professional purchasing and sourcing teams.
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