Procurement in 2025 is poised to undergo significant changes. The five megatrends identified in this report are expected to have a profound impact on the procurement profession. The first trend is the rise of open-source and 3D-printed clothing, which could lead to a decline in sweatshops and obsolete low-paid factory jobs. The second trend is the increasing importance of procurement in driving business operations, with procurement groups taking on a central role in propelling businesses into a new age of operations management. The third trend is the adoption of artificial intelligence and machine learning in procurement, which could improve efficiency and accuracy. The fourth trend is the growing use of data analytics in procurement, which could help companies make better decisions and optimize their operations. The fifth trend is the increasing use of blockchain technology in procurement, which could improve transparency and reduce fraud. Overall, these megatrends are expected to shape the future of procurement and provide opportunities for companies to improve their operations and stay competitive.
