Our MD, Jeremy Smith recently attended the Procurement Leaders | A World 50 Group Community World Procurement Congress. The event brough together over 800 procurement leaders and provided a great opportunity to delve into the pressing retail and consumer challenges that a lot of our clients are facing.
His key takeaways were:
- Sustainability & ESG – Achieving net-zero goals requires collaboration across the supply chain, with competitor partnerships helping to share costs and drive impact.
- Resilient Supply Chains – Strong supplier relationships, proactive risk management, and deeper visibility beyond Tier 2 are essential to prevent disruptions.
- Procurement Efficiency – Hybrid models balancing global and local needs are trending, though procurement structures evolve in cycles.
- Strategic Partnerships – Breaking silos and collaborating with suppliers (including new entrants) unlocks untapped value.
- Digitalisation & Data – AI and digital tools must be built on accurate data foundations to avoid poor decision-making.
- Collaboration is Key – Across companies, competitors, and suppliers, teamwork is the driving force behind meaningful procurement and supply chain transformation.
Read Jeremy’s full write-up here: Glide Paths for Sustainable Growth: our takeaways from the WPC | LinkedIn
If you would like to learn more about our insights from the WPC, and how we can support with procurement, supply chain and commercial transformations to addresses some of the challenges listed, then please reach out to Jeremy Smith.
Published
May 28th 2024