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The Case for Change: Procurement Annual Report 2023

In last years’ Procurement Annual Survey we discussed the unprecedented procurement and supply chain challenges facing organisations and provided a series of recommendations on how to reimagine and to reinvent procurement for the future. Whilst supply chain resilience issues caused by the pandemic linger, other challenges have emerged with recent political and macroeconomic events significantly impacting energy and input...

Equality in Procurement and Supply Chain Departments

There are many pieces of legislation that currently help govern procurement behaviours within a workplace such as the Equality Act 2010 and The Public Contracts Regulations which both provide for a legal duty to eliminate discrimination and advance equality of opportunity.

Does The Future of Procurement Consultancy Lie in Alliances?

To address and explore the future of the procurement function, the key theme of the recent 4CP Group Away Day focused on emerging disruptive technologies – their role in disrupting procurement and supply chain teams and how they will impact the business’ ability to transform through technology, processes and people.

Global Commodity Impacts on Consumer Businesses

Oil and gas prices remain at elevated levels due to the Ukraine war. The governor of the BoE says rising global food prices are a “major worry“ with price inflation of 6.7% last month. The CEO of 2 Sisters, the chicken manufacturer said that the cost of chickens could rise by up to 15% this year as a result of the war in...

The Growing Impact of Climate Change on Commodity Markets

By definition, a commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Because of their substantially interchangeable nature, commodities trading has been evolving with humans since 4000 BC, when people in Sumer used clay tablets to denote the number of goods to be delivered.

Procurement in Hospitality: Our Time to Shine?

In early May, 4C brought together a group of senior thought leaders in the hospitality and leisure industry to discuss the current challenges and opportunities in the sector.