2022 Global eAuction Index
2022 was a challenging year for most procurement professionals. Geopolitical events changed the foundation of sourcing efficiencies. As suppliers were under pressure and costs increased, sourcing strategies in the entire supply chain had to be examined. From raw materials to finished goods, negotiations changed significantly.
2022 Quarterly Savings
The inflationary impact of supply chain shortages and overheated fiscal policies are reflected in the 2022 quarterly data set. The procurement world seemed to recover in Q3 and Q4, and e-auction savings continued to grow throughout the remainder of 2022. It will be interesting to see if this trend continues into Q1 of 2023.
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