The 2024 State of Procurement Data Report goes global.
Amazon Business has unveiled the 2024 State of Procurement Data Report, spotlighting the most relevant trends impacting decision-makers from organizations of every size. The findings examine the dynamic and rapidly transforming state of business-to-business (B2B) procurement in recent years.
“We are entering a new era of smart business buying where senior leaders are understanding the impact procurement can have on efficiency and overall company success,” said Alexandre Gagnon, vice president of Amazon Business Worldwide. “At Amazon Business, we develop scalable solutions for customers and solve their biggest procurement challenges, and I couldn’t be more excited about the evolution of procurement. Heading into 2024, the procurement function is now cross-disciplinary, spanning both functional and strategic purviews as buyers are planning to invest more in technology and optimization while future-proofing their companies and organizations. Ultimately, procurement not only keeps operations running, but plays an integral role in achieving key organizational goals, and with smart business buying, companies have procurement solutions to serve as a growth lever for organizations.”
The report was revealed at this year's Amazon Business Reshape, Amazon Business’ in-person two-day event for Smart Business Buying, taking place in Chicago, Illinois. This year, Amazon Business Reshape gathers more than 1,000 procurement leaders across private and public sectors to discuss procurement and smart business buying strategies to help curb disruption.
As procurement expands within companies and organizations, leaders are being forced to find ways to optimize their processes so that they can allocate more time and resources to addressing strategic challenges. The report also found that:
For this year’s report, Amazon Business surveyed more than 3,000buyers, procurement decision-makers and organizational senior leaders familiar with procurement operations across public and private sectors. Respondents were located in France, Germany, Italy, Japan, Spain, UK, and U.S.
Download the full 2024 Global State of Procurement Report to learn more about the trends shaping the future of business buying
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