The supply base has changed beyond recognition – how do we manage this dramatic difference and what is the role of SRM?
Procurement has always operated within a changing landscape. But, in recent years, developments in the supply base have been nothing short of unprecedented.
As if a global pandemic was not enough to contend with, the world has finally started to focus on sustainability and climate change and these recent developments are transforming much of our supply base.
It’s not just individual suppliers that are changing but entire industries. Those sectors where people get close to each other were brought to their knees in 2020. Airlines, performing arts, restaurants and venues were dealt the toughest blows and, although many have bounced back, such industries will continue to have a tough job making people feel comfortable being near others without a complete redesign of operations.
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