Deloitte Launches Global Chief Procurement Officer Survey 2019

Safeguarding against trade uncertainty
The “trade war” was also identified as a top risk by 34% of respondents — the No. 4 risk cited, and further evidence that geopolitical concerns and global business are deeply intertwined. Rather than acting on their trade woes, procurement leaders actually are practicing patience as these issues play out in the larger political landscape. Trade disputes, for example, are not prompting CPOs to pursue a redesign of their supply chains. Instead, the majority of organizations are proactively planning for every possibility, likely making small adjustments along the way with other mitigation tactics, making sure not to over-correct.

Anticipating and capitalizing on industry trends
While macroeconomic risks loom, the second, third, and fifth risks cited by respondents reflect internally on organizational structure, talent models and digital capabilities. Thinking digital, CPOs are focused on analytics, viewing it as the technology that will have the most impact on their business moving forward, further demonstrating the desire to take a proactive and predictive stance. Meanwhile, AI and blockchain — technologies driving the Fourth Industrial Revolution — are of little focus and are not being fully utilized.

References

  1. ^ Deloitte Global CPO Survey 2019 (www2.deloitte.com)

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