10 Mar 2025: The Everchanging World of Procurement

Procurement is entering a period of significant change, driven by factors like tariffs and shifting global dynamics. The longstanding practice of offshoring, particularly in industries like pulp and paper, may face disruption. Companies must be prepared to explore new suppliers and navigate unfamiliar trade regulations. This includes assessing the viability of domestic and international sources, even those in unexpected locations like Egypt. Established suppliers may also alter their operations, potentially offering opportunities for opportunistic purchases. Ultimately, procurement teams in 2025 must adapt their strategies to safeguard their organization's resources in this evolving landscape.