Bold Procurement Predictions for 2030 Insights Series from Arroyo Strategy
The procurement industry is rapidly evolving with a vast array of technological solutions aimed at streamlining processes within organizations. The abundance of tools and services available to Chief Procurement Officers may seem overwhelming, but the procurement field is actively embracing innovation and change. Those who fail to adapt risk being left behind in this transformative era.
To better understand and navigate these developments, Arroyo Strategy is delighted to present its Bold Procurement Predictions for 2030 Insights series, providing insight into the new practices that are likely to become prevalent within this decade.
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Bold Procurement Predictions for 2030: MethodologyArroyo Strategy assembled a team of experts to work on the problem, develop hypotheses, and offer thoughtful insights on emerging trends. They examined where the field is and where it is going in the near term and in the next decade.Learn More
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Bold Procurement Prediction #1: Advanced CrowdsourcingIn this latest Insights, Arroyo Strategy explores Advanced Crowdsourcing, the first of five emerging trends that procurement organizations can expect to shift from the top of that pyramid to the bottom - concepts that may seem far-fetched today, but will become standard accepted practice by 2030.Learn More
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Bold Procurement Prediction #2: Procurement Technology AccelerationIn this edition of the ‘Bold Procurement Predictions for 2030’ Insights series, the product of extensive research and input from a think tank of experts in the supply chain field–with a look at the rapid technology acceleration- is expected in the procurement practice by decade’s end. Chief Procurement Officers are already re-evaluating processes, with nearly one in four reporting that digital transformation is a strategic initiative in 2022.Learn More
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Bold Procurement Prediction #3: Cognitive ComputingIn this third chapter, Arroyo Strategy looks at the future of cognitive computing; a catchall term for a group of systems comprising of artificial intelligence (AI), expert systems, machine learning, robotic processing automation (RPA), and neural networks.Learn More
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Bold Procurement Prediction #4: Hyper CybersecurityIn this edition, Arroyo Strategy examines digital security and the threat of data breaches. Cyber-attacks frequently originate from outside the company’s firewall, with many breaches due to inadequate protections when allowing vendors and third parties access to portions of the network.Learn More
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Bold Procurement Prediction #5: Virtual Organizational DesignFor our final installment, we predict that by 2030 the center-led procurement model will have evolved to an entirely new level. Procurement organizations will consist of a core business unit, while 90 percent of operational sourcing roles will be automated or outsourced to contractors.Learn More
Check out the Bold Procurement Predictions for 2030 infographic for an overview of the five forwarding-looking insights from Arroyo Strategy