I was recently invited to contribute a guest blog series to UK-based Procurement Leaders, and it’s now on line. Check it out here;



The Introduction:

Recently, one of our multinational clients asked me: “What will procurement look like in 2025?” In preparing my response to the question, I had the opportunity to talk with CPOs, colleagues and academics about the major change drivers and how they might impact the function over the coming decade. The procurement of a corporation’s materials and services is, one could argue, the most complex business function in 2014.

 CPOs and their procurement teams have to balance a staggeringly complex landscape of pressures and requirements to execute their jobs at the highest level: from business pressures to contain costs, to legal pressures to comply with regulations, to social pressures to source ethically.

In such a daunting landscape, it is difficult to imagine new challenges emerging, but that is exactly what the experts I spoke to expect to happen during the next decade.

 I have been asked to share some of the highlights of what I learnt with the readers of Procurement Leaders, and so over the course of the next few weeks, I will present some of the most interesting ways the procurement function might evolve in the next decade.


Posted by Carlos Alvarenga

Carlos A. Alvarenga is the Executive Director of World 50 Labs and Adjunct Professor in the Logistics, Business and Public Policy Department at the University of Maryland’s Robert E. Smith School of Business.

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