11/23/2023

Procurement Initiative Pulse Check Q3/2023

The Procurement Initiative's quarterly "CPO Pulse Check" taps into the sentiment and outlook of Procurement and Supply Chain Leaders. Q3’s Pulse Check shows a more positive outlook on supply issues and inflationary pressure but a clear Intention-Action Gap when it comes to sustainability. 

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Pulse Check for Q3/2023

With our Q3/2023 Pulse Check, we aim to gauge the current sentiment within the procurement and supply chain environment, focusing specifically on inflation expectations and the sustainability maturity level within organizations.

 

Key takeaways:

 

  • 68% of respondents have a positive to very positive outlook regarding the stability of supply chains in the remainder of 2024
     
  • Sourcing priorities remain largely unchanged, with cost continuing to be the ultimate focus
     
  • Inflation continues to be a significant concer

             • As supply-side disruptions are expected to ease, respondents expect inflation to be at 4.1% (2nd half 2023) and 2.4% for 2024

             • 50% of respondents expect inflation to be between -1 to 5% BUT …Outliers range from -15 to +18%

             • While both supply and demand are responsible for current inflation levels, supply-side shortages are considered as the main driver
 

  • Sustainability remains high on the agenda, but..

            • All organizations are on a sustainability journey. However, most companies indicate that their commitment to sustainability is rather                   low

            • “Intention-Action Gap”: Most companies prioritize sustainability in their strategy but fall short in taking actionable steps

Curious to get the full results? Download the Procurement Initiative's Pulse Check Q3/2023 now!

Fill out the form and receive the Procurement Initiative's pulse check by email.

Learn more about The Procurement Initiative 

Meet The Procurement Initiative Team

Martina Buchhauser

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Martina Buchhauser

Richard McIntosh

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Richard Mcintosh

Laurin Zemmrich

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Brendan McVeigh

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Brendan McVeigh