The current state of international procurement is one of great complexity, with many factors affecting stakeholders of all sizes throughout the material supply chain. Understanding the details of the current situation as businesses face rising prices, longer wait times and limited supplies will help those within the industry to better prepare for what the procurement landscape has to offer in 2022 and beyond.
Responding to this challenging landscape, Matsource conducted the following market research into the state of global procurement in 2021 in partnership with Innovate UK.
The new report from Matsource summarises the effects on trade and the hurdles the industry should anticipate in 2022. The report analyses the details of core challenges from 2021, including rising shipping costs and congestion.
This report also covers:
- A reflection on 2021
- The impact of COVID-19 on procurement
- Analysis of logistical and material issues
- A projection for the state of procurement in 2022
Nick Robbins, Director at Matsource, commented: “It is important to recognise the value of being agile and adaptive in this challenging climate. With this research report, I am confident we have assessed trends which will inform procurement managers and suppliers alike moving forward.”
Dive into our new research report here.