8 TRENDS impacting procurement professionals

1. DISRUPTION

The world as we know it changes at an accelerated pace. New business models appear and other fade, with technology evolving at an exponential pace.

IMPACT Pressure to learn more and faster or become obsolete, face impostor moments

2. BLACK SWAN RISKS

Be it global pandemic, wars or climate change, the pace and impact of unforeseeable and severe risks is increasing. So is people’s psychological state due to the constant news.

IMPACT Face fight or flight emotional reactions, stress and uncertainty.

3. INTEGRATED ECOSYSTEMS

Supply Chains become more and more interconnected. The ripple effects of local socio-economic changes generate large impact across the world 

IMPACT Manage information overload, face lack of impact clarity. Makes decision processes more complex

4. AUTOMATION

The efficiency and survival war that each company is facing: increased penetration of automation, Artificial Intelligence & Machine Learning in all industries.

IMPACT  Trigger fears and resistance to change. Challenges creativity.

5. PROCUREMENT AS AN ORCHESTRATOR

The transactional role of procurement is dying. Procurement teams are expected to become a business orchestrator, focus on partnerships in and outside the organisation.

IMPACT Testing relationships, trust is harder to establish

6. SHIFT FROM PRICE TO VALUE

Savings will stop being THE KPI soon. It will be replaced by end to end value: sustainable, green, process and product innovation, time to market, competitive advantage…

IMPACT Challenge the fixed mindset

7. WORK DYNAMICS

Shift from office to remote or hybrid opens access to job opportunities around the world. We also unlearn old priorities and develop new ones. Next to impact: metaverse.

IMPACT Seeking balance, new jobs opportunities but also face increased competition

8. AWARENESS OF SELF

Shattering taboos like addressing mental health, inclusion and diversity. Businesses are forced to re-learn human centered and purpose led strategies for their employees and customers.

IMPACT Seeking purpose, values and identity. Higher expectations from own contribution & leadership

WHY DOES IT MATTER?

World’s investments sit in your power to steer. We can make the world a better place for us and our children. We can create the life we want to live.

And to achieve this, we can only do it being in our best shape, with teams that feel supported and have the inner resources to drive such a big agenda.

WHAT CAN YOU DO?

Invest in human potential, the PROCUREMENT SUPERPOWER, and become a force for good. 

We have built Procurement Superpower program for excellence in turbulent times. A unique program dedicated to procurement teams. A perfect blend of personalized interactions, relevant & applied learning, fun and digital solution. Rooted in science and experience.

Reach out to us when you want to know how this can help your people and your business.