Global State of Procurement Report Insights
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In partnership with GEP
Global State of Procurement & Supply 2024
Why this study matters now
In a complex, volatile world, procurement and supply is a pivotal business function, the fulcrum for the growth and success of organisations, economies and societies.
The decisions of procurement and supply leaders impact corporate performance, the drive for sustainability, and global supply chain resilience. This new global survey and analysis takes you inside their mind.
"We have the power to influence the fate of the environment, people, society and community around us" -Procurement and supply leader, MENA region
CIPS Pulse Survey Findings
The CIPS Pulse, based on a quarterly panel survey, provides regular insight into the pinch points and pressures being experienced by global procurement and supply leaders. Find out what the findings mean for you below.
Q4 - Continuing volatility and disruption in global supply chains
The latest CIPS Pulse finds procurement leaders concerned about potential supply chain disruptions. This may intensify rise following President Trump’s tariff measures.
Q3 - Threat of recession and cyber-attacks could replace geopolitical risks
The risk of inflation is gradually easing, but growing concerns about a recession are emerging in its place, says CIPS global economist Dr John Glen.
Q2 - Review of the current Global supply disruption and pinch points
Dr John Glen shares findings from the first ever CIPS Pulse survey – find out what’s causing potential shortages, current supply chain risks and more.
The total spend made by 69% of our survey respondents
The influence of procurement on spend is growing in 68% of organisations - but only 14% describe the procurement-to-board relationship as "close"
Where procurement and supply will invest in the next 12 months
| Sustainability | 69% |
| Digital technology | 65% |
| Staff development & training | 60% |
| Strategic sourcing | 39% |
| Supply chain visibility | 39% |
| Compliance | 37% |
| AI | 35% |
| People / headcount | 32% |
| Cybersecurity | 30% |
| Supply chain security | 22% |
- Enhancing sustainability
- Leadership
- Relationship management
The top 3 skills that leaders want to develop in the year ahead - but how did respondents score negotiation skills and being strategic?
Find out moreThe top three strategies among procurement leaders for ensuring continuity of supply in a volatile world
You can view the report highlights in the video below
- Diversify the number of suppliers
- Extend contracts
- Insourcing
How nearshoring is changing the world
Monterrey has become the epicentre of Mexico's nearshoring boom. Will the EU have its own nearshoring miracle?