World Procurement Excellence Summit '23_Cologne

The summit will address the key issues that have emerged for procurement over the last three strange and challenging years of COVID-19, lockdowns, war in Ukraine, economic and political shocks, and record-smashing climate events. To address risk and resilience issues today, procurement must question long-standing principles, such as outsourcing, low-cost country sourcing, and supplier rationalization. We must also embrace new priorities as procurement plays a leading role in addressing climate change and supporting wider ESG issues. Fortunately, technology and digitization can help, but new tools must be used appropriately, and technology alone is not enough. To succeed, we must also ensure the next generation of professionals has the right skills, behaviours and knowledge. The summit will therefore focus on five key areas which relate to today’s environment for procurement professionals.