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Issue #9 · 28th January 2025 Web version

đź“Ž The Procurement Space Weekly

📬 New blog post: The Procurement Itch: 5 Signs You’re Ready for Something New -  Feeling stuck, undervalued, or just plain bored in your current role? It might be time to stop making excuses and start exploring new opportunities. Assess your situation honestly, consider your options, and don't be afraid to make a move that could reignite your passion and advance your career. After all, life's too short to stay in a job that doesn't excite you.

Jade Wigmore



đź“° Procurement news

General:

Trump Tariffs: Supply Chains Adjust, but Consumers Pay the Price -  Proposed tariffs of up to 60% on Chinese imports under President Trump's plan are forcing businesses to rethink supply chains. Strategies like reshoring and "friendshoring" are gaining ground, but let’s not forget—the real cost lands on consumers. Importers pay the tariffs upfront, but they’re passed on in higher prices for everyday goods.

Felicity Dixon

New Report Reveals Strategies to Tackle Hidden Supply Chain Risks -  A recent report delves into innovative methods for identifying and mitigating sub-tier risks in supply chains. It offers insights into prioritising discovery, promoting transparency, and implementing effective threat mitigation strategies. To access the full insights, download the report here:

GEP

ESG:

2025: A Crucial Year for Ethical Supply Chains -  As ethical procurement gains momentum, 2025 is set to challenge organisations' dedication to fair supply chain practices. Key areas of focus include: Supplier diversity and labour rights.

Procurious

Germany and Norway Team Up on Hydrogen -  Germany and Norway are joining forces to build hydrogen supply chains, with plans for ammonia shipments and floating import terminals. It’s a bold step toward greener energy and securing Europe’s sustainable future!

Libby Hargreaves

Marketing:

Media in 2025: Navigating Abundance with Algorithms -  By 2025, the media landscape will be characterised by an overwhelming array of formats, channels, and platforms, making media planning expertise more crucial than ever. Brands will need to adeptly navigate this abundance, leveraging sophisticated algorithms and artificial intelligence to effectively reach and engage their target audiences.

Paul Stringer

Dry January: An Untapped Opportunity -  Dry January is a growing trend, but many brands miss the chance to engage health-conscious consumers. Promoting non-alcoholic options and wellness initiatives could help tap into this mindful market.

Lou Fielding

Supply chain:

Supply Chain Cybersecurity: A Growing Concern -  With increased reliance on third-party vendors, supply chain vulnerabilities are a major cybersecurity concern. Continuous assessments and strong internal controls are essential to mitigate risks and safeguard against breaches.

Vaibhav Dutta

AI in Supply Chains: A Deep Dive -  A recent review explores how AI is revolutionising supply chains from Industry 4.0 to 6.0, focusing on efficiency, collaboration, and sustainability. Be prepared—it’s a detailed read, but worth it for insights into future trends and challenges.

Alexander Samuels

Food & Beverage:

F&B Industry Sees Surge in Mergers and Acquisitions -  The food and beverage sector is experiencing a significant increase in mergers and acquisitions, driven by favorable economic conditions and strategic initiatives. Companies are actively pursuing M&A to expand their market presence and enhance competitiveness.

Louis Biscotti

Regulation and Costs in 2025: A Mixed Outlook -   The food and drink sector faces rising costs from labor and new regulations, prompting a need for automation and contract reviews. While the Forbes article highlights M&A opportunities, this piece underscores the challenges businesses must navigate alongside growth strategies.

David Young

In brief:

Negotiation skills refresh? -  Persuasion and influence are more crucial than ever in procurement. If you want to stay ahead—build trust, communicate data in a compelling way, and strengthen your emotional intelligence. It could make all the difference in securing better deals and forging lasting partnerships.

Procurious

DORA: What Suppliers Need to Know -  The EU's Digital Operational Resilience Act (DORA) introduces strict cybersecurity and resilience requirements for financial services and their ICT suppliers. Vendors must meet stringent compliance standards, making cybersecurity a critical focus in procurement processes.

Christian Cockcroft

Simplifying Construction Procurement -  A new framework streamlines construction projects with pre-approved suppliers and standardised contracts, saving time and reducing risks.

Procurement hub

Adapting to 2025’s Data Privacy Rules -  With stricter regulations ahead, brands must focus on transparent data use, first-party data strategies, and strong security measures. Staying compliant will help maintain trust and effective marketing.

Victoria Smith

🎙️ Podcast

The Importance of Soft Skills and Emotional Intelligence in Procurement -  "You are only as affective in procurement as the relationships you build internally," this weeks episode features Tom Mills and explains why the soft skills are so important in procurement.

Jonathan O'Brien


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Curated by Jade Wigmore
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