Hi there, Talent shortages, cost optimisation pressures and the digital transformation are just some of the issues forcing procurement teams to rethink their value proposition.  Download our latest report for the APAC region to learn how to navigate these challenges and beat inflation against the odds. We hope you'll enjoy it. Many thanks. Supply Management Insider This email has been sent to [email protected] If you would like to unsubscribe from further email communications from CIPS and Supply Management, please click here. Registered office: The Chartered Institute of Procurement and Supply, Easton House, Church Street, Easton on the Hill, Stamford, Lincolnshire, PE9 3NZ. Privacy Notice.

---------- Forwarded message --------- From: Supply Management Insider <[email protected]> Date: Wed, 6 Sep 2023 at 02:00 Subject: Weathering the economic storm: how procurement can win in a downturn To: [email protected]

Read our latest whitepaper on beating inflation against the odds View web version From CIPS and Supply Management Industry Insights Hi there, Traditional tactics to find savings and generate value for procurement teams are no longer working in the current climate. According to the World Economic Forum's 'Chief Economists Outlook' report, 86% of economists expect businesses will cut operational expenses in response to economic headwinds, while 78% predict businesses will lay off employees to reduce costs, and 77% expect businesses to optimise supply. What does this mean for you? Your function needs to think strategically about sourcing, talent, digitalisation, and supplier relationships. Download our whitepaper, crafted with ArcBlue, as we discuss key strategies for procurement to weather this economic storm and help your business move towards a more innovative future. GET YOUR COPY Supply Management Insider In partnership with: This email has been sent to [email protected] If you would like to unsubscribe from further email communications from CIPS and Supply Management, please click here. Registered office: The Chartered Institute of Procurement and Supply, Easton House, Church Street, Easton on the Hill, Stamford, Lincolnshire, PE9 3NZ. Privacy Notice.