A New Era for Procurement: Value Creation Across the Supply Chain
Date
2023-09-27Author
Erriquez, Mauro
Liakopoulou,Theano
Schaefer, Julian
Sommerer, Marc; McKinsey & Company
Abstract
This article explores the changing landscape of procurement, emphasizing its role in creating value amidst global disruptions. It highlights four key trends, including adapting to a multipolar world, leveraging AI, addressing demographic shifts, and transitioning to low-carbon energy. The article introduces new "currencies of procurement" and discusses how procurement can excel in this evolving landscape.