Adapting Your Procurement Strategy in a Pandemic

The clinical, logistical, and social challenges imposed by the ongoing novel coronavirus (COVID-19) pandemic are being felt by organisations in every sector of commercial life.

With lockdowns imposed on more than three billion people in almost 70 countries, supply chain strategies are having to adapt in order to support the economy and those who have been affected by the coronavirus. An overnight shift to remote working for many employees has stress-tested the flexibility of supply chains and highlighted the necessity of digitalisation.

In the midst of the Coronavirus pandemic, WBR Insights surveyed 100 Chief Procurement Officers from across Europe to find out more about the challenges they’re facing and the innovative solutions being brought to the table. The subsequent report covers the following areas:

• Part One – Rethinking Procurement Strategy
• Part Two – Adapting Operations Under Quarantine
• Part Three – Maintaining Supplier Relationships
• Part Four – Clarifying the Future of Procurement

Some key findings include:

• 63% expect the shift towards working from home to catalyse centralisation of data
• 44% say they have good or excellent visibility into their supply chain, versus 93% pre-pandemic
• 39% had to introduce new infrastructure or tech to operate during lockdown

Download the full report here.