Supply chain disruptions, geopolitical pressures, and continually changing consumer demands are just a few of the challenges procurement professionals have faced in recent years.
“Chief procurement officers (CPOs) who have successfully navigated uncertainty in recent years have become indispensable partners to the executive suite,” a recent report from McKinsey & Company noted. “As the CPO of a manufacturing company noted to us, ‘Never before has procurement been core to so many executive committee-level priorities. We now have a real seat at the top table. And this is not a temporary situation—this is how we will operate going forward.’”
