PROFILE
“ I think it ’ s always important to take a poll , understand what the market priorities are and what organisations are doing about that ”
volatility in emerging markets , rising geopolitical risk , the possibility of a renewed Euro crisis , spill over effects of any slowdown from China , and uncertainty around Brexit and outcomes from upcoming trade negotiations .
Perhaps unsurprisingly , the latter was the highest risk cited by UK based participants . In addition , 54 percent of respondents reported a resurfacing of procurement risk . This could include price volatility , disruptions in supply and supplier bankruptcy . This figure has increased from 42 percent in 2014 . However , risk and cost weren ’ t found to be the single greatest factor in driving procurement performance . 87 percent of CPOs agreed that talent was the major factor . “ The big finding that wasn ’ t so good was that 60 percent of purchasing leaders believe that they don ’ t have the talent in place to execute their strategies ,” Younger says . “ The challenge that we ’ ve seen is that that number was as high last year .” Investment in new
14 May 2017