Procurement Takes Action Against Inflation & Disruption (.PDF Download)

Inflation is the number one issue on all procurement professionals’ minds right now as companies take action to thwart inflationary pressures, lower costs and find new suppliers to work with. The current annual U.S. inflation rate is 8.5%, an increase over 7% in 2021 and 1.4% in 2020. The rate has subsided slightly after reaching 9.1% in June—an over 40-year high.