Industrials Megatrends 2024

Overview

The Industrials sector is undergoing a transition. Businesses are strategically relocating production facilities aiming for better control and visibility. Concurrently, a shift towards green chemistry practices reflects a commitment to achieving organisational sustainability targets.

Amidst these changes, geopolitical challenges, including the Russia–Ukraine war and China–Taiwan tensions, wield significant influence on commodity markets and global supply chains.

To help procurement teams understand key trends impacting businesses, and mitigate the effects of disruptions, our latest Industrials Megatrends infographic explores:

• Reshoring, nearshoring and friend-shoring and how it will help to reduce labour costs, supply chain uncertainty and dependence on China
• The need to focus on green chemistry
• Factors responsible for volatile input costs and its impact on key end-use sectors
• Major challenges faced by businesses and key insights for Category Managers

Fill out the form on the right to access the infographic and learn how Category Managers can equip themselves with critical business insights to help their company’s procurement function flourish during this period of change.