Innovating With Payment Providers In 2021: How CPO’s Have Adapted Their Strategies During A Pandemic

In Q1 of 2021, WBR Insights surveyed 100 Chief Procurement Officers (CPOs) from across Europe to find out more about the challenges they’re facing in 2021 and the innovative solutions they are putting in place.

Covid-19 pandemic caused untold upheaval in supply chains across the world. As factories ground to a halt, procurement managers had to make tough choices. They learned the hard way to adopt digital innovation to add strategic value to the procurement function. Strategic value derives from the proactive management of supplier risk, automation of transactional procurement, and the application of predictive analytics to strategic sourcing.