Spending

Boston Consulting Group report finds that 65% of executives are prioritizing supply chain and manufacturing costs.

February’s shipment reading, at 1.115, saw a 4.5% annual decrease, and February expenditures, at 3.225, were down 19.8% annually.

While chaos has become the norm, procurement professionals must find ways to ensure sourcing remains stable

The report’s first quarter shipment index value—at 111.7—was down 0.8% compared to the fourth quarter and fell 6.1% annually, marking the fourth consecutive quarter of annual shipment declines. And the freight spend index value—at 269.9—was down 0.2% compared to the fourth quarter and was down 0.3% annually. The reading saw its first annual decline going back to the third quarter 2020.