AI & Automation AI Adoption AI Agents AI Ethics AI Governance Artificial Intelligence Black Friday Brand Awareness Budgeting & Forecasting Business Business Continuity Business Intelligence Business Planning Business Value Cloud Security Cloud Solutions Code Analysis Code Quality Compliance Data Analytics Data Privacy Data Protection Digital Advertising Digital Assets Digital Experience Platform Digital Procurement Identity & Access Management Industry Insights Security Whitepapers

2024 State of Procurement Report – The Trends Shaping the Future of Business Buying

1,142 Less than a minute

Amazon Business has unveiled the 2024 State of Procurement Data Report, spotlighting the most relevant trends impacting decision-makers from organisations of every size. The findings examine the dynamic and rapidly transforming state of business-to-business (B2B) procurement in recent years.

For this year’s report, Amazon Business surveyed more than 3,000 buyers, procurement decision-makers and organisational senior leaders familiar with procurement operations across public and private sectors. Respondents were located in France, Germany, Italy, Japan, Spain, UK, and U.S. The report found that:

95% of decision-makers acknowledge that there’s room for procurement optimisation.
85% of respondents say the difficulty of sourcing suppliers that follow sustainable practices prevents their company from setting or achieving strategic sustainability goals for procurement.
81% of respondents had mandates to buy from certified sellers, which might include sustainable, local, or disadvantaged group-owned businesses. Despite the desire for responsible purchasing (85%), difficulty finding sustainable suppliers hinders sustainability goals.

Download the full Report to learn more about the trends shaping the future of business buying.