The Deloitte Global Chief Procurement Officer Survey
"Procurement organizations today shoulder an expansive and intricate set of responsibilities, and each new taskthat arises from these responsibilities adds another node to an ever-growing network of complex initiatives and challenges to address. According to the survey findings, the top risk scenarios for manufacturers today include economic downturn/deflation (56 percent), followed by trade war (48 percent), Brexit uncertainty (31 percent), and China slowdown (27 percent). Global value chains are being fundamentally restructured—there is now a gradual shift away from heavily globalized supply chains toward more domestic, regionally focused supply chains. The topic is front-and-center with CEOs on their earnings calls, and is also being acknowledged by CPOs. The survey findings reveal that the top two “strong priority” business strategies for the next 12 months are the perennial concern of cost reduction (70 percent), closely followed by an increasing focus on risk reduction (55 percent)" (Source: The Deloitte Global Chief Procurement Officer Survey, 22nd Nov 2019)
"While many CPOs may feel like they’re ready to drown in a sea of complexity, they can still find ways to stay afloat—or even identify new opportunities to move their organizations forward. The report explores how CPOs can change their lens on improving core value chains and organizational resources, tap transformational digital capabilities to revolutionize procurement, and become “complexity masters” able to turn the risks apparent in complex business scenarios into value creation opportunities. Specifically, we examine procurement complexity in four areas External, Intrnal Talent and Digital Complexity. (Source Deloitte insights 22nd Nov 2019)
See the complete survey here Deloitte Global Chief Procurement Officer Survey