Procurement evolves from cost center to strategic growth driver

Procurement is evolving from a cost function to a strategic driver of innovation, resilience, and growth. Organizations must balance traditional challenges like supplier relationships with priorities like digital transformation, AI, and socially responsible purchasing.

Amazon Business's study of 3,500 procurement leaders highlights this shift. While 59% expect budget growth by 2025, many face operational complexity and lack strategic recognition.

• Suppliers often fail to meet modern needs, creating bottlenecks
• 80% pursue certified suppliers to meet ESG goals
• AI and data analytics are priorities, but adoption lags

Explore the full findings in the report.