Good morning! Hope you are safe and doing well.
Happy to share that the ProSource community has grown to 1000+ procurement professionals—delivering a weekly one-stop source for everything procurement. Thank you for sharing it with your teams.
Here’s what we have this week.
Insights
🍫 Hershey identifies 450 ‘high-risk’ suppliers - An analysis across 1,300 direct raw material and packaging suppliers, co-manufacturers, co-packers, licensees, and labor service providers, accounting for $2.34bn in spend, in order to identify risks.
🌎 CPO Study 2021 on Sourcing Effectiveness - 97% of respondents say the importance of sourcing speed has changed. Among them, 73% say it has increased in importance.
🏎 How has Tesla reacted to supply chain price pressure? - In a tweet, Elon Musk said: “Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially.”
📶 How Benchmarks Enable Smarter Procurement - “what gets measured gets done” - how fact-based decision-making improves procurement performance.
💰 The rising need for a chief negotiator - McKinsey & Company reports that 96% of business leaders believe creating a Chief Negotiation Officer (CNO) will add at least 3% EBIT impact.
Events
🏁 ProcureCon Interactive: The Invite-Only Forum for CPOs
By ProcureCon • June 8, 9, 2021 • Registration Link
💻 A Glimpse Into the Future of Procurement
By SAP • June 22, 2021 • Registration Link
🔥 CIPS Global Conference 2021: Connecting the Global Procurement Profession
By CIPS • June 8, 9, 2021 • Registration Link
📜 Mastering Contracts: One-day workshop
By CIPS • June 15, 2021 • Registration Link
Opportunities
💡 Rebel Foods is looking for a General Manager - Procurement
Mumbai, India • Cloud Kitchen • Full Time
💡 Swiggy is looking for a Lead Procurement
Delhi, India • E-Commerce • Full Time
💡 Max Life is looking for a Head Of Procurement
Gurugram, Haryana • Insurance • Full Time
💡 CBRE is looking for a Manager/Lead - Procurement & Sourcing
Hyderabad, India • Real Estate • Full Time
💡 Reliance Jio is looking for a Procurement Buyer
Mumbai, India • Telecommunications • Full Time
💡 Vickerstock is looking for a Procurement Manager
Remote / United Kingdom • Manufacturing • Full Time
What did you think about this edition? Hit reply—share your feedback, insights, and opportunities.
I’m open to discussions—feel free to book a slot on my calendar.
✌️
Gaurav Baheti
Founder and CEO, Procol