Procurement’s Dirty Little Secrets
It’s an exciting time to be working in procurement and ProcureTech as they are both undergoing an exciting transformation.
Venture capital funds are flooding into ProcureTech, and the category has a forecasted CAGR of 10.2% between 2021–2026 (Global Industry Analyst, Inc 2021) at a $9.9BN valuation by 2023 (Banerjee 2019). At the same time, Global 2000 Corporations are increasingly open to adopting new emerging technologies.
All signs point toward transformation.
But, first, we need to address the elephants in the room.