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Under the terms of the deal, the private equity firm TPG will take a majority stake in AvidXchange, while Corpay will invest $500 million for a 33% minority position, with the option to acquire the remainder in 2028. From an industry perspective, the acquisition signals a maturing market.
EDITOR’S NOTE: This post is inspired by the following comment in a related discussion stream on LinkedIn: Conference Attendance: Past 20 Years Qualitative Trends Over 20 Years 20052010: Steady Early Growth Conferences like ISM World (founded earlier) and SIGs Procurement Technology Summit began formalizing procurement as a strategic function.
Understanding the Hansen Fit Score The Hansen Fit Score, while not explicitly detailed in public literature, can be inferred from Hansen’s work as a practitioner-centric metric that evaluates how well procurement or IT processes align with stakeholder needs and hidden data relationships (strand commonality).
The Procurement Insights blog, including posts like The GenAI Metaprise (Orchestration) and Operating System (Intake) Priority (Oct 11, 2024), discusses AIs role in procurement but doesnt claim Agentic AI will replace humans. SAP: Agentic AI Role: SAPs Joule AI in S/4HANA Cloud uses agentic capabilities for procurement tasks (e.g.,
At the end of today’s Procurement Insights post, I will provide an advanced excerpt from my upcoming article in The Procurement Italia magazine. Longer Term (2028-2035): Disruption: Trade stabilizes 10-20% below 2023 levels ($2.5-$2.8 Longer Term (2028-2035): Disruption: Exports to U.S. Domestic capacity (e.g.,
The second point is the indirect impact that today’s post has on procurement professionals and our profession as a whole. Procurement Insights Research (April 9, 2025) Recent reports indicate a troubling rise in fraudulent job applications, particularly targeting remote positions. World Economic Forum Article (April 9, 2025) 1.
That will be followed by tires in the same year, furniture in 2028, and mattresses in 2029. Under the category of finished goods, the first industry to be affected is textiles and apparel, with the DPP requirement to be adopted in 2027. It’s talking to suppliers to understand what we already have, where are the gaps, and how we can fill them.”
The following article is from the the current issue of The Procurement Italia Magazine. Longer Term (2028-2035): Disruption: Trade stabilizes 10-20% below 2023 levels ($2.5-$2.8 Longer Term (2028-2035): Disruption: Exports to U.S. Longer Term (2028-2035): Bargaining Power: U.S. Tariff plan on U.S. Domestic capacity (e.g.,
post-2028 election), U.S. Domestic steel prices hit $1,050/ton vs. $800/ton pre-tariff imports, per market signals. Long-Term Impact: Over reliance on tariffs breeds complacency. If trade policies soften (e.g., metal industries could face a reckoningunable to compete without protection.
Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. By Edwin Lopez • Jan. Sign up A valid email address is required. Please select at least one newsletter.
“By 2028, 60% of supply chain digital adoption efforts will fail to deliver promised value due to insufficient investment in learning and development” — from a keynote by Tom Enright at Gartner Supply Chain Symposium 2025 last week in Orlando. e.g., their “How Everything Fits Together” slide (see article below).
Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. This story was first published in our Procurement Weekly newsletter. You can unsubscribe at anytime. Sign up here.
Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. By Edwin Lopez • Jan. 2, 2025 Keep up with the story.
Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. 31, 2028, if approved. You can unsubscribe at anytime. Both contract offers would be in effect until Jan.
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Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Recommended Reading FedEx targets growth in 4 customer segments By Max Garland • Jan.
Daily Dive M-F Operations Weekly Every Tuesday Procurement Weekly Every Thursday Logistics Weekly Every Wednesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. By Alejandra Carranza • Nov. 21, 2024 Keep up with the story. Sign up A valid email address is required.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
5 Technology Trends in Procurement. We like talking about savings in big numbers at Una , but even we are awed by the sheer scale of the procurement technology market. According to Verified Market Research , the global procurement software market will grow from $5.5 billion by 2028 at a CAGR of 7.6%. Cloud migration.
$60 Billion in 2028 is a 40% growth in 5 years. What role will procurement and the supply chain play in achieving this amazing growth? This discussion. To be continued.
We can expect a $3.790 per gallon gasoline price by December 2025 and a $4.789 price per gallon by January 2028. The post Gasoline Prices – Historical Graph [Realtime Updates] appeared first on Procurement Tactics. These are the current determiners of future gasoline prices which will have a long-term impact in the coming years.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter 10 Best Food Packaging Suppliers In The US — Reviews, Quality, and Pricing The packaging industry in the US shows a positive outlook as the country expects $193.13 Study Procurement Study Negotiations 2.
Reflecting this trend, the global smart warehouse technology market is expected to surge over the next few years, reaching a valuation of $29 billion by 2028, according to data from KBV Research. Brought to you by the StrategicSourceror.
billion by 2028, according to a 2022 report. Thomas has been the go-to procurement resource for North American industry since 1898. This includes applications like food processing, steam, and engine monitoring. The global pressure transducer market size is predicted to reach $14.5 billion by 2030. New to Thomasnet.com ® ?
The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8 billion by 2028. To do so, procure-to-pay trends point to an increased focus on three key areas: technology, collaboration, and sourcing. Below is a rundown of the three procure-to-pay trends shaping 2024.
billion by 2028. Thomas has been the go-to procurement resource for North American industry since 1898. Hot Water Storage Tanks Hot water storage tanks , and other forms of water storage, are seeing increased demand across the rapidly increasing construction sector for the commercial, industrial, and consumer markets.
billion by 2028. Thomas has been the go-to procurement resource for North American industry since 1898. Li-battery thermal runaway sensors help keep this risk in check, which is important as the global market size for lithium-ion batteries is projected to reach $193.13 New to Thomasnet.com ® ?
In addition to the above referenced upheaval, projections that between 2018 and 2028, there will be 2.4 million “unfilled positions” in the procurement world means that there should be a greater sense of urgency to “find a better way” for anyone in HR or recruiting. Mapping” Power Beyond The Hiring Process.
billion by 2028. Thomas has been the go-to procurement resource for North American industry since 1898. Graphene yarns can be used in the aerospace industry or to make athletic clothing. Additive Manufacturing Ceramics. Additive manufacturing ceramics are now being used to create organs, bones, and implants. New to Thomasnet.com ® ?
At a bare minimum, the USPS intends at least 40% of its carriers to be using battery electric when the phased transition is complete in 2028. With the goal of obtaining 106,000 all-new service vehicles overall, these purpose-built vehicles may eventually entirely replace the USPS's current fleet of 220,000 gas-powered vehicles.
by 2028, and reduce the supply of workers for key industries , including by up to 225,000 workers in agriculture, and 1.5 born workers their jobs , raise costs for nearly all Americans, and risk igniting inflation.” million workers in construction. Read More: Does U.S. Agriculture Need Immigrant Labor?
In fact, this propensity for entry errors is why many are championing the digitalization of the procurement process. But is procurement’s digitlization error free? Estimated Cost $9.714 million annually per organization, with 510% contract overruns in procurement. My research shows that some place it as high as 88%.
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