1、Sponsored byAcross the procurement-verse:Changing trends in the procurement function The Economist Group 2024Across the procurement-verse:Changing trends in the procurement function2Contents23581116203035HomeAbout the researchThis paper analyses the key priorities and challenges facing the procureme

2、nt function today.It spans critical themes including risk management,supplier engagement,external workforce management,collaboration and technology adoption.The paper also explores the impact of current business trends,notably macroeconomic uncertainty and rising expectations for environmental,socia

3、l and governance(ESG)performance within procurement.For a third consecutive year,Economist Impact conducted a global survey of 2,307 C-suite executives across organisational functions,including chief financial officers(CFOs),chief operations officers(COOs),chief procurement officers(CPOs),chief supp

4、ly chain officers(CSCOs),chief human resources officers(CHROs)and chief innovation officers(CIOs).The 2024 study is an expansion of the survey sample of 500 C-suite executives in 2023 and 430 in its initial year(2022).In the 2022 and 2023 iterations of The Procurement Imperative programme,the survey

5、 sample offered critical insights disaggregated at the regional level for the Americas,Asia Pacific(APAC)and Europe,Middle East and Africa(EMEA)regions.As a result of its substantial increase in 2024 to more than 2,000 responses,this executive survey provides more granular insights for each country

6、and persona.The researchs objective has been to explore how businesses and industries are transforming procurement to meet existing and emerging challenges amid disrupted supply chains,rising costs and growing uncertainty.This most recent survey was conducted from January through March 2024.Economis