In the face of economic uncertainty and geopolitical changes, procurement leaders are under increasing pressure to drive sustainable growth. The manufacturing industry is undergoing significant transformation, presenting Chief Procurement Officers (CPOs) with complex challenges that are crucial to the success of their organizations.
The article below highlights the key priorities which are shaping procurement strategies for 2025, including the integration of advanced technologies, the adoption of Generative AI, and the management of emerging risks. At the same time, there are three primary challenges that require immediate attention: reducing expenditure, ensuring supply chain resilience, and modernizing outdated operational models.
The article provides interesting insight into critical issues while presenting actionable strategies to help CPOs chart a successful course.