The role of the procurement team in PNG will evolve and change in 2021.
These changes will come off the back of some unforeseen issues which may not of been as pertinent prior to the pandemic. Due to regulatory penalties, unprecedented disruption caused by COVID, an increase in raw materials, high demand in shipping and an increase to freight prices due to increased operational costs, many PNG based companies could face a number of complexities to procurement moving forward.
Companies in PNG and around the world will need to adapt to a more proactive approach to ensure supply chain and procurement disruption is minimised.
How can this be done? To minimise disruption, procurement teams should adapt a proactive approach by implementing supplier diversity, various freight & logistics partners, better supply chain management and improved foresight into the many potential issues of a post pandemic era.
As increases in freight are generally hard to avoid, procurement will need to implement these strategies in an effort to save money elsewhere.
The procurement and supply chain of businesses could very well see some challenging times ahead, all businesses should look at how effectively they can manage these issues to build a more resilient and agile supply chain.
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