Community

Find answers, ask experts and talk with the procurement community

Tools

Do you want to deliver savings faster, reduce risks and transform functional performance?

Industry leading events

Inspirational leading procurement thinkers and innovators, providing unique opportunities to network and share best practice.

Upcoming events

6th Annual East Coast Forum

Boston - 13-14 September, 2017

Join procurement innovators from across the Americas to debate hot topics and develop innovative strategies and practical solutions, enabling you to transform every facet of your procurement function.

Plus, executive briefings offering optional tailored content for Senior Financial Services & Marketing Procurement professionals.

12th Annual Europe Forum

Amsterdam - 5-6 October, 2017

Join the annual procurement community gathering for EU procurement professionals centred on business alignment and category leadership.

Resources

My Profile

Americas Congress 17: Disruptive procurement

RiskSupplier relationship managementInnovationNorth AmericaMarket VolatilitySupplier DevelopmentBlog+-
MF__1364

“The show must go on,” said Eva Milko, Procurement Leaders Americas managing director, at the Americas Congress 2017 kicked-off in Miami as Storms Eugene and Stella hit the rest of the US East Coast.

 

The weather may have been a disruptive force to those delegates travelling to the Sunshine State, but it wasn’t that kind of disruption that was the focus of attention.

 

Robert Guest, foreign editor at The Economist, spoke about geopolitical disruption and the risks this is presenting across the globe.

 

“Politics is no longer simply a case of left and right. It has become much more complex,” he said.

 

While guest spoke about the threat to free trade, he pointed out that there will be opportunities. India, he said, would be one of the fastest growing markets over the coming years, which will present a whole host of new trade opportunities for businesses to take advantage of.

 

However, while disruption will happen in terms of trade, many speakers said that that new technologies were actually a bigger change.

 

Cindy Elliott, VP of global strategic sourcing at Clorox, said that social media was one of the biggest disruptors for procurement simple because of the power it has to hurt a brands reputation overnight.

 

Meanwhile, it was argued that the data revolution could be used to help the function build closer relationships more collaborative relationships with suppliers.

 

Ultimately, procurement needs to be more agile so they can develop cross-functional relationships and be disruptors themselves. Only then will they be able to serve the organisations they work for in the new age.

 

This article is a piece of independent writing by a member of Procurement Leaders’ content team.

Rachel Sharp
Posted by Rachel Sharp

BLOG NAVIGATION