Ardent Partners hosted The CPO Rising 2K20 Virtual Series – The Resiliency Imperative as a way to bring together our global community of procurement, finance, and supply management professionals and collectively tackle the big issues we were all facing and continue to face as a result of the coronavirus pandemic. As a special treat for all our readers, Ardent is excited to present the recorded sessions from that Virtual Series.

In an instant, Chief Procurement Officers and procurement leaders around the world are facing an entirely new set of challenges, accelerated by a global pandemic that has disrupted an interconnected business world and its supply chain. Once again, CPOs have been called to the front lines to defend their businesses, lead their teams, and ensure continuity. Attacks and threats are coming from all angles. But, the challenges of each day present opportunities within them. And, as we continue to navigate these disruptive days, it is clear that many of an enterprise’s best opportunities (and most critical priorities) will play to the strengths and expertise of its procurement department. Until then, resiliency is the order of the day. It is the global imperative and it serves as a call to procurement leaders and professionals around the world to respond with agility and poise – a call that many have spent years preparing for… a call that will be answered.

This presentation was the world premiere of Ardent’s 15th annual state of procurement and the CPO. Among the insights:

“Only 34% of all businesses have an active supply risk program.”

“63% of all enterprises report that the coronavirus has had an extraordinary (18%) or significant (45%) impact on operations.”

“The CPO’s new mandate includes cash management, savings, and deeper visibility into the supply chain.”

Tagged in: Chief Procurement Officer, CPO, CPO Rising 2K20, CPO Rising Summit, The Resiliency Imperative