This white paper from GEP's capital project experts highlights the shift in global corporations' focus towards emerging markets for capital investment. With almost 80% of new investments being made in developing markets, it is crucial for procurement teams to understand the role they play in executing capital projects in these countries. The paper provides insights into the geographical nuances and challenges faced by companies seeking growth in emerging markets, including maintaining price competitiveness and offering products that meet global quality standards. The top priorities for improving capital project implementation in emerging markets include project feasibility, financing, contracts, procurement performance, project scheduling/delivery, and risk management. The paper emphasizes the importance of effective collaboration between procurement teams and local stakeholders in successfully implementing capital projects in these markets.
