The Covid-19 pandemic has brought dramatic change to procurement processes. Given the critical role procurement plays in cash flow and net working capital, companies should be aware of what they can do to navigate the crisis and support the business. Bain Partners Caperton Flood, who leads Bain's Global Procurement practice, and Chuck Miller, who leads Bain's Procurement practice in the Americas, share their insights on the expected impact on procurement and what leaders should do to prepare for the future.
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The global Covid-19 pandemic has extracted a terrible human toll and spurred sweeping changes in the world economy. Across industries, executives have begun reassessing their strategies and repositioning their companies to thrive now and in the world beyond coronavirus.