Procurement Leaders Brace for Disruptions, Turn to AI for Help

According to a new report from Ivalua and Procurious, procurement teams are preparing for a future filled with economic uncertainty, supply chain disruptions, and evolving regulations. The report “Next Level Procurement: Embracing GenAI and Whatever Comes Next” highlights how procurement leaders are shifting away from pure cost-cutting and embracing technology to manage risk and stay competitive.

The survey of 137 procurement leaders reveals that 61% expect global conflicts to escalate, further straining supply chains. More than half (55%) predict U.S. tariffs will require companies to rethink supplier strategies, while 50% say the outcome of the U.S. election will impact global regulations. A striking 81% believe another major unexpected event—often called a “black swan”—is likely, reinforcing that uncertainty is now a per…