Remove Balance Remove Consumer Demands Remove Import
article thumbnail

How Procurement can help to drive Supplier-led innovation

ivalua

In today’s competitive business landscape, consumers demand a continuous cycle of new products and services, and the gap between each launch is shrinking. This is shifting the balance of power in the business-supplier relationship, with the most innovative suppliers able to pick and choose who they work with.

article thumbnail

How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Balancing New Priorities Makes Procurement More Valuable.

article thumbnail

Government Contracts Inflation Update

Procurement Notes

First , PPI “does not include imports, because imports are by definition not produced by domestic firms.” [10] 10] In contrast, CPI covers the prices consumers pay, irrespective of whether a good or service is imported or domestically produced. Further, higher labor costs also support higher consumer demand.