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0203112301INTRODUCTION
02
03
11
23
EXECUTIVESUMMARY
GLOBALBUSINESSANDMACROECONOMICTRENDSFOR2024
Inflation:AGradualRollback
GDP:SluggishGrowthPersists
InterestRates:ACauseforConcern
Labor:MarketsStillTightbutEasing
Energy:ContinuingOnaHigh
SEVENLEADERSHIPTHEMESFOR2024
SupplyChainReinvented:CraftingaResilientFutureStrategyTheIntriguingPotentialofArtificialIntelligenceInvestinginaDigital,AI-FirstFutureTheFutureofSupplierRelationshipManagementintheDigitalEra
ProcurementandFinance:PartnersinCostManagement
SustainableSuccess:ESGBackintheSpotlight
TalentCrunch:OvercomingthePeopleCrisis
CONCLUSION
24NOTES
GEPOutl
GEPOutlook2024
1
INTRODUCTION
AmidStress,StabilityEmerges
Thepastfouryearshavebeenanythingbutuneventful.Businesses—evenentiresocieties—havebeen
pushedtothebrink.WhilerecentdisasterssuchastheCOVID-19pandemicaremostlyintherearviewmirror,oldproblems,includingwar,loomominously.
Someconcernsarestartingtodissipate.Inflation
levelsappeartobeheadedbacktorecenthistorical
averages.Interestrateswilllikelybeginareductioncurvethroughout2024.ThejobmarketsofG7economiesareanticipatedtobecomemorebalanced.
Somenewdazzlingtoolshavepresentedthemselves
toleadingfirms.Digitalandartificialintelligence(AI)
technologiestookabigleapin2023andareexpectedtotakeanevenbiggeronein2024.
Abitofbreathingspacehasemerged.Procurementandsupplychainleaderscan,finally,lookalittlefurtheroutintothefutureandbegintomakelonger-termplansthanwerepossibleintherecentchallengingyears.
Featuringheavilywillbeinvestmentsinbigdataandincreatingrealimpactfromthelargedatasetsthat
companiesaccumulatebutdon’talwaysmanage.While
laggardswillwaitf
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