The End of Cheap Sourcing: Why Procurement Must Rethink Cost Assumptions
For more than three decades, procurement operated under a powerful assumption: global sourcing would continuously drive costs downward. Expanding trade liberalization, stable shipping lanes, low energy prices, and the rise of manufacturing powerhouses in Asia created an environment where “cheaper” was not only possible — it was expected. Global inflation, freight volatility, geopolitical fragmentation, and […]
Procurement Risk Management in a Geopolitically Volatile World: Navigating 2025’s Turbulent Trade Landscape
Procurement is no longer just a back-office function focused on price negotiation and order fulfillment. In 2025, it stands at the center of global strategy. As the world becomes more volatile, uncertain, and interdependent, procurement teams are tasked with making high-stakes decisions that directly impact business continuity, cost efficiency, and even public trust. Discover how […]