THE TOP RISKS TO PROCUREMENT FUNCTIONS 2022
The Supply Chain Management Consultancy, Inverto release 2022 edition of their Risk Management Study.
CG subsidiary Inverto has released the 2022 edition of its ‘Risk Management in Procurement’ study, shedding light into what is keeping chief procurement officers up at night and how their risk agenda looks like for the coming months.The study by the international procurement and supply chain consultancy canvassed the views of procurement managers and managing directors on the state of risks landscape. Respondents came from across western Europe.
Securing supply
CG subsidiary Inverto has released the 2022 edition of its ‘Risk Management in Procurement’ study, shedding light into what is keeping chief procurement officers up at night and how their risk agenda looks like for the coming months.The study by the international procurement and supply chain consultancy canvassed the views of procurement managers and managing directors on the state of risks landscape. Respondents came from across western Europe.
Securing supply
Securing supply tops the list (93%) as the greatest perceived risk to companies by Procurement Managers and Managing Directors. This represents a 15% rise on the previous years’ study. In fact, supply chain risks are continuing to plague companies across the UK and Europe, with the vast majority of businesses (90%) already affected and not receiving all of the preliminary products they had ordered in the last six months. With more than 90% of companies impacted, it’s clear that root and branch reform is needed to de-risk supply chains. Digital solutions and decarbonisation should feature heavily in these discussions, to future proof businesses from potential disruptions... see more