5 Procurement Shifts for the Post-COVID World (.PDF Download)

Sept. 9, 2020
A new report from McKinsey outlines the five steps that all procurement departments should be taking to prepare for the post-pandemic business world.

COVID-19 has put a tremendous strain on the world’s supply chains, at times halting manufacturing while shutting down airports and seaports, interrupting delivery of raw materials and finished goods.

“At the pandemic’s onset, procurement departments switched to crisis-management mode to help companies alleviate disruptions,” McKinsey points out in a new report, “including sourcing personal protective gear for employees and helping smaller suppliers manage their cash flow.”