The Industry News Category

Hiring Trends, Regulations and Technology: What Will 2018 Bring?

2017 saw the surprising prediction that, based on current growth rates, freelancers are due to overtake non-freelancers in the U.S. workforce by 2027. While there are nine more years to wait before that prediction can be proven correct or incorrect, we were eager to talk to Arun Srinivasan, senior VP of strategy and customer operations at SAP Fieldglass, to see what hiring and workforce-related trends are afoot in the shorter term. Read on, and let us know in the comments what your thoughts are on what this year will bring.

It’s 2018: What New Questions Do You Have About Procurement?

As Spend Matters analysts, editors and readers went on much-deserved vacations over the winter holidays, Ask Spend Matters went on a short hiatus, too. But as everyone settles back into their offices, hopefully more relaxed and refreshed, we at Spend Matters are eager to see where Ask Spend Matters goes this year. And so consider this our 2018 call for reader questions: What have you always wondered about procurement or supply chain but have been afraid to ask? What do you want to know more about?

Where’s Jaggaer?

"Deep Procurement Throat" forwarded us a Coupa marketing email that we found humorous. It’s for a download of a recent IDC report on the sector. We won’t opine on the veracity of the report, as we don’t know anything about IDC’s methodology. But what we will call your attention to is that Jaggaer is listed in the report in multiple areas: Jaggaer, Jaggaer Advantage (BravoSolution) and Jaggaer Direct (Pool4Tool). That’s in the report. The landing page for the download tells another story — at least on part of the page!

Procurement in 2018: Guidance and Predictions from an Industry Veteran

Where is procurement going in 2018? While it would be easy to fall into the perennial trap of describing long-term trends as the next big thing, thankfully there are saner heads that can guide us into this new year with sound advice in addition to modest predictions. Procurement veteran Peter Smith is one those people. Over on our sister site Spend Matters UK/Europe, he has offered practitioners some simple (but important) reminders to consider in 2018, as well as a forecast for how events in the procurement technology market could play out.

Survey: Many Law Firms’ Procurement Organizations Still Crawling Toward Maturity, While Some Have Begun Walking

forced labor

HBR Consulting held its third-annual Law Procurement Roundtable last October, where law firm procurement leaders can break bread, talk strategy and do some peer benchmarking of their firms’ performance. The event also both drives and supplements the firm’s Law Firm Procurement Survey, the high-level results of which the firm released just before the new year. Spoiler alert: many of the same issues that we spoke about with HBR’s Managing Director Lee Garbowitz in the past have cropped up again.

E-Procurement 2018 Trends and Forecast (Part 1: Customers Adoption and Priorities) [PRO]

e-procurement market outlook

You know what they say about predictions? They’re about as common as opinions: everyone has one. This Spend Matters PRO series walks through the trends we are seeing unfold in the market today based on our technology analysis and practitioner research and engagement. So let’s not predict; let’s share and analyze.

Today, we start our 2018 procurement technology trend and forecast series, beginning with customer adoption trends and priorities within the e-procurement market. We’ll explore what customers are valuing most from a selection and deployment perspective in 2018, as well as early trends that are sprouting.

In the second installment of this series, we’ll offer insight into e-procurement technology provider trends and strategies of note, and ask whether these are a good thing for customers (and if not, our recommendations for customers to mitigate risks). We’ll also share our comparative market growth (and sizing) estimates for 2018 compared with last year.

Trends in Cybersecurity Risks: Will 2018 See More Indirect Supply Chain Attacks?

cyber attack

2018 may be the year we see more indirect supply chain attacks and compromised industrial control systems, according to a new report from consulting firm Booz Allen Hamilton on trends in cybersecurity risks. In “Foresights 2018,” the report authors outlined nine predictions on what may happen in the world of cybersecurity this year, from outsourced hacking to supply chain infiltration and cryptocurrency theft. We’ll look at a few of these predictions in this post.

As Industrial Supply Chains Undergo Digital Transformation, Talent Gaps Persist

The digital transformation of supply chains is well underway, but finding the right talent to drive this transformation remains a challenge for many industrial companies. According to a survey of senior executives from the industrial manufacturing sector conducted by Korn Ferry, talent is viewed as the “secret to sustainable success” when it comes to digital transformation, regardless of whether a company is in the beginning stages of digitization or well along in the process.

GDPR: Basic Facts, Company Preparedness and Gaining a Competitive Advantage

May 25 will be one of the most significant dates this year for many companies, for that is when the EU’s General Data Protection Regulation (GDPR) kicks in. Any organization that holds or uses personal data on a EU citizen, regardless of where the organization itself is based, should have a plan of action. But a number of reports and surveys from the past few months have shown that few companies consider themselves ready for GDPR, and some do not think they will be ready by the May deadline.

Is Three a Trend? UK Supermarket Giants Reveal Antibiotic Use in Food Supply Chains

Marks and Spencer (M&S) recently released data on the quantities of antibiotics used by their meat and dairy suppliers, and fellow leading U.K. supermarket chains Waitrose and Asda have done the same. In all three cases, antibiotic use was below industry averages or targets. The fact that antibiotic resistance is a growing health crisis is old news, and health organizations and activists have long been calling for a drastic reduction in the use of antibiotics on farm animals, a key cause of antibiotic resistance.

How Shiftgig CEO Wade Burgess Plans to Scale Gig Worker Adoption in Procurement from Niche Services to Enterprise Platform

on-demand workforce

If there’s anyone qualified to comment on the future of talent acquisition, it’s Wade Burgess. The former LinkedIn executive and current CEO of Shiftgig has had a front row seat to the disruption of the labor market over the past decade. From the shift to job seeking online to the rise of the gig economy, Burgess has seen and shaped this changing talent landscape, even made it his mission in life to empower professionals and create greater economic opportunity for a broader base of the workforce. To learn more about how he plans to lead Shiftgig in pursuit of that mission, we sat down with Burgess for a quick Q&A.

Procurement in 2017: The Year’s Most Popular Articles

2017

The past year has been a year of change for the procurement world. Old technology companies ceded ground to reigning titans. Market leaders adapted strategies and continued a wave of consolidation. And Spend Matters changed, too, debuting new reports and tools to help procurement leaders better understand the solution provider landscape. To get a better understanding of where we’ve been and how procurement could continue to change in 2018, check out our top 10 articles of the year