2024 supply chain trends: embrace digital solutions and conquer challenges with Alcumus SafeContractor

As an organisation at the heart of compliance and procurement, we at Alcumus have a unique perspective on the changing procurement landscape. In this report we share what we know to help hiring companies, procurement teams and contractors navigate the challenges ahead and make the most of the employment world to come.

 

The next 12 months – trends and challenges

 

The next 12 months will continue to set challenges for businesses. But, for those ready to embrace change, there is also real opportunity to upgrade operations and reap rewards.

 

Slow growth, a shortage of talent and a growing legislative burden are some of the problems professionals will be up against in 2024. But there are upsides too: procurement’s raised profile, constantly improving technology, and falling inflation.

 

Fortunately, departments including compliance, health and safety, procurement and facilities have become used to managing upheaval. Big disruptions have tested their resilience and caused an irreversible shift in the way that businesses source, onboard and manage risk when working with suppliers and contractors in their supply chain.

 

The turmoil caused by Covid brought procurement and supply teams into the boardroom, where they have become gatekeepers for all things related to supply chain compliance. These leaders are now subject to greater scrutiny, yet occupy a higher platform from which to tackle obstacles.

 

“One big trending theme is the desire for CPOs to have control tower visibility,” says Anthony Hanley, Senior Vice President of Global Supply Chain Compliance at Alcumus SafeContractor. “They need – and businesses want them to provide – a 360-degree view of their global supply chain. They want the supply base to be mapped for risk and resilience, both for current operations and to guard against future potential impacts.”

 

As companies continue into 2024, read this report for an outlook for the rest of the year ahead, the trends and tests supply chains and supply chain teams are set to face, and how they can best tackle them.

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To read report in full download here.