5 Trends In Procurement For 2023 — The State of Freight
Procurement Jungle Survival
Resilience
As a result of the Covid lockdowns brands are building more resilience up and down their supply chains, by challenging 2nd and 3rd tier suppliers, not just 1st tier on the integrity of supplied timelines and depth.
Sustainability
A trend showing greater environmental accountability with more data on carbon levels in the entire product cycle. More than just words, data is driving customers decisions.
Re-Shoring
Even before the Covid lockdowns, companies were seeing rising costs in far flung manufacturing operations at a distance from their primary markets.
The lockdowns just cemented the potential risks in a globalized supply chain environment. North American based manufacturers are looking at home and Mexico to re-shore production.
Advanced Analytics
Greater capitalization in Big Data and Machine Learning to provide end to end visibility in the supply networks, providing greater real-time data insights for…
