The 2024 Annual ProcureCon CPO Report
The role of the Chief Procurement Officer (CPO) has become increasingly critical in today’s business landscape. As procurement functions continue to evolve, CPOs now extend their influence beyond traditional sourcing responsibilities to drive enterprise strategy, lead technology adoption, and advance sustainability initiatives. At the same time, they must contend with ongoing challenges, including supply chain disruptions, inflationary pressures, and heightened market volatility.
In response to these dynamics, this exclusive ProcureAbility‑sponsored report captures insights from supply chain, procurement, and risk management leaders at leading organizations across the U.S. and Canada. Through this research, the report delivers forward‑looking, actionable perspectives on the evolving role of the CPO, while examining the challenges and opportunities procurement leaders face as they manage processes, implement new technologies, and strengthen organizational resilience.
- Process improvement, supply chain disruption, and technology top the list of focus areas for CPOS in 2024
- Sustainability goals are somewhat closely linked to procurement KPIs for 64% of respondents
- Cost reduction takes priority for over half of the surveyed professionals in the coming year
If you’re a procurement professional seeking fresh tools and tactics to enhance your strategic decision-making, this report is a must-read.
