In today’s interconnected world, employing a diverse team of problem-solvers offers significant advantages. A diverse team reflects the global backgrounds of suppliers and business partners, fostering stronger connections. Moreover, in times of talent shortages, tapping into the largest possible talent pool is crucial. A more inclusive company draws from a broader population and attracts candidates […]

In today’s competitive job market, attracting top talent is more challenging than ever. A recent Gartner survey found that one-third of job candidates received four or more offers, with the most desirable candidates likely receiving multiple offers. This raises a crucial question: why would an exceptionally talented applicant choose to join your firm over another? […]

Attracting and nurturing talent in procurement is crucial for maintaining a competitive edge. The sector faces talent shortages and the need for continuous upskilling, requiring comprehensive strategies such as apprenticeship programs, educational partnerships, internal career development, work-life balance, competitive compensation, and strong company branding. Apprenticeship Programs and Educational Partnerships One effective approach is to implement […]

The ever-evolving landscape of procurement requires businesses to continuously adapt and innovate. Thomas Gaengler, Chief Procurement Officer at Mondelēz International, offers valuable insights into the current challenges and opportunities in the procurement sector. His perspectives cover organisational cost-cutting, talent recruitment and retention, sustainability issues, and sensitivity to regional differences. Guarding Against Vulnerability In the view […]

How companies engage with their suppliers is undergoing a profound transformation. Moving beyond transactional interactions, companies are increasingly focusing on building strategic partnerships that enhance operational efficiency, drive innovation, and improve overall competitiveness. The COVID-19 pandemic has underscored the importance of resilient supplier relationships. It’s clear that restoring and strengthening these connections requires more than […]

Global markets are increasingly unpredictable, and the role of procurement is undergoing rapid evolution. Dr Arnd Hirschberg, Chief Procurement Officer of Siemens Energy, offers valuable insights into how this transformation is unfolding and what it means for businesses aiming for sustainable growth amidst uncertainty. Challenges of Growth Dr Hirschberg identifies growth as a double-edged sword […]