Inflation continues to shape procurement strategies across global organisations. Rising production costs remain the most significant driver of supplier price increases, while government policy, tariffs, trade measures and currency fluctuations are becoming increasingly influential factors. Labour shortages, wage pressures and logistics fuel costs also continue to contribute to inflationary pressure across supply chains. 

This SnapShot, based on insights from the CASME member community, highlights how procurement teams are responding to these challenges. It explores the key factors influencing inflation and the practical strategies organisations use when negotiating with suppliers requesting price increases. 

Download the report to discover:

• The most significant inflationary drivers affecting procurement
• How inflation factors have shifted over recent years
• The mitigation strategies organisations use when facing supplier price increases
• Practical approaches procurement teams use to manage inflation risk