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Procurement Pathfinder 2024

Welcome to Procurement Pathfinder 2024, our unique guide and your essential compass in the rapidly evolving procurement landscape. This comprehensive and meticulously researched 'Trend Outlook' equips procurement professionals with the insights and strategies vital for navigating a dynamic and increasingly complex environment. Look ahead to stay ahead.

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Procurement Pathfinder 2024 - Final

How to Use It

Strategic Application: Use the insights and strategies provided to develop and refine your procurement practices, ensuring your organisation remains competitive and resilient.
Continuous Learning: Download a copy for ongoing reference as you navigate new challenges and opportunities in the procurement field. Explore our interactive web feature to stay up-to-date on the trend landscape. Look ahead to stay ahead.

How the Pathfinder is Structured

The Pathfinder is organised around several key megatrends, each representing broad, significant changes that will impact the procurement field over the coming years. Each megatrend can be further distilled into subsections that contain microtrends. These are specific, actionable trends that provide detailed insights and practical strategies. They illustrate how the broader megatrend will manifest in day-to-day procurement activities and decisions.

Smart Logistics

Advanced Technologies

Circularity

Sourcing Agility

CO2 Tracking

Innovative Coaching

Talent Shortage

Geopolitics

Diversification

Inflation Mgt.

New Work

Crisis Mgt.

Supplier Visibility

Regulation

Automation

AI & ML

Resource Efficiency

Procurement-as-a-Service

Blockchain

Virtual World Integration

Megatrends

Environment

Explore how procurement is shifting towards sustainability. Delve into trends like resource efficiency, bio-based materials, and sustainable energy solutions. Understand the importance of CO2 tracking and management for a greener future.

Politics

Stay ahead of regulatory changes and geopolitical dynamics. Learn about ESG regulation standards, CO2 regulation, and how public incentives and regionalisation are reshaping supply chains. Understand the impact of tariffs and sanctions.

Technology & Automation

Embrace cutting-edge technologies transforming procurement. Discover how AI-driven demand forecasting, blockchain, and digital identity are revolutionising processes. Explore the potential of virtual world integration, smart logistics, and process automation to drive efficiency.

Risk & Resilience Management

Build robust and adaptable supply chains with insights into risk management and resilience. From regional sourcing strategies and supply chain diversification to business continuity and crisis response planning, discover how to mitigate risks.

Talent Management

Address talent shortages and enhance workforce capabilities with innovative strategies. Learn about extended procurement education, freelance economy models, and experienced employee retention techniques. Embrace new work trends and digital capability development.