This report provides an updated analysis of the trends and factors that will impact procurement and supply chain management in the post-pandemic world. The report highlights seven areas of significant change and impact, including business resilience, cost base reset, third-party risk management, and digital technology and transformation. The report also emphasizes the importance of predictive analytics in navigating the new economic realities. The authors conclude that stability should not be taken for granted and that unplanned events can invalidate expectations. The report aims to provide guidance to business leaders in adapting and charting their course through the new environment.