Future-Proof Sourcing: Procurement Strategies for a Volatile 2025
In my decade of procurement consulting, I've seen supply chains buckle under sudden shocks, from geopolitical trade disruptions to raw material shortages. This article draws on my direct experience helping companies navigate volatility, including a 2023 project with a mid-sized manufacturer facing 200% cost spikes on critical components. I explain why traditional cost-cutting fails in unpredictable markets and present a strategic framework built on scenario planning, supplier diversification, an