Understand how procurement teams’ risk management approaches have evolved in 2024
Supplier Risk Management has progressed from a box-ticking exercise to a strategic priority for many organizations. However, through our conversations with clients, it's evident that many businesses still have gaps in their strategies. This insight was further reinforced by the findings of our inaugural Supplier Risk Survey in 2023.
To understand how procurement teams’ risk management approaches have evolved in 2024, we surveyed procurement professionals again, to assess their ability to monitor and mitigate supplier risks.
Among other take-aways, our survey highlighted five major ways Supplier Risk Management has evolved, which can be attributed to -
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An increasingly dynamic and complex risk landscape
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Understanding of the need for strategic and well-resourced risk management
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A growing focus on commodity volatility management
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Recognition of the value of holistic, ongoing intelligence
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Ability to access specialist advice
Complete the form to the right to find out the key insights from our 2024 Supplier Risk Management Test and how you can apply them to your organization.