As tariff tensions escalate, the global procurement landscape is entering a new phase of disruption. The U.S. has rolled out sweeping tariff hikes, most notably a 145% tariff on China, and 25% duties on Canada and Mexico, and the steel, aluminum, and auto sectors. While some reciprocal tariffs are on a 90-day pause,

In today’s turbulent global economy, procurement teams face significant challenges due to inflation and market volatility. Existing inflation forecasting methods, which have traditionally used broad national indicators, have proven to be inadequate in providing the precision needed for quick and contextualized decision-making.  

Author - Maheswaran Doraiswamy
Senior Analyst - Category Specialization, Chemicals

Imagine this - you’re a procurement professional trying to make a critical sourcing decision. Your supplier contracts are buried in SharePoint, your inbox is full of negotiations, and as for market data and intelligence? That’s in another system entirely. By the time you gather everything you need, the window for action has already narrowed.

Global supply chains have been under immense pressure in recent years. The pandemic exposed vulnerabilities, forcing businesses to rethink how they source and move goods. Big corporations adapted, but smaller businesses struggled, often facing heavy financial losses.

Unlocking the Future of Procurement: Insights from Industry Experts

The start of the second Trump Administration has already been a whirlwind of executive orders, tariff fights, and political posturing. For supply chain leaders, the challenge is cutting through the noise to focus on what truly matters. 

The companies’ partnership has become a blueprint for successful collaboration in ProcureTech

Artificial Intelligence (AI) and the rise of language models have revolutionized various aspects of daily life, from home automation to creative endeavors. Many purchasing decisions are subtly influenced by AI, which tailors product suggestions and highlights key features across devices. Over the past 3-4 years, AI has catalyzed transformative changes in business and manufacturing, spanning product design, production planning, and marketing.

Unlocking the Future of Procurement: Insights from Industry Experts

Procurement is transforming amid technological innovation, economic uncertainty, and evolving business priorities. To keep pace, procurement leaders must be able to anticipate and adapt to these changes. Recently Beroe’s CEO, Vel Dhinagaravel, sat down with Drasko Jelavic, Founder & CEO at Cirtuo, and Rob Handfield, Professor of Supply Chain Management, NC State, to explore the trends shaping the future of procurement.