The report highlights the challenges faced by basic industries such as oil and gas and chemicals due to the COVID-19 pandemic and the increasing complexity of the world. These industries are feeling the pain as they face reduced demand and supply chain disruptions. The report suggests that procurement organizations need to source better, smarter, and more resiliently in order to drive value in this new normal. This requires businesses to source in more agile and strategic ways, while also reducing costs. The report emphasizes the importance of recognizing the need for sourcing in the face of these challenges.
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