In a recent discussion on the future of sourcing strategies, industry leaders emphasized the critical role of sustainability, efficiency, and artificial intelligence (AI) in procurement. Diana Deguil, commercial director of Amazon Business, highlighted the importance of integrating ESG (environmental, social, and governance) criteria into purchasing decisions, noting that nearly half of purchasing managers face challenges related to rising costs and operational complexity. Companies like Airbus are setting aspiring goals,aiming for 100% of thier spending to align with sustainability standards by 2025. Meanwhile,organizations such as PwC and Cosentino are leveraging automation and AI to streamline processes,allowing teams to focus on strategic initiatives rather than administrative tasks. as businesses navigate the complexities of modern supply chains, the push for lasting practices and innovative solutions is becoming increasingly vital for long-term success.
interview with Diana Deguil on the Future of Sourcing Strategies
Editor: Welcome, Diana. It’s great to have you hear to discuss the future of sourcing strategies. Sustainability seems to be at the forefront of recent discussions. Can you share why integrating ESG criteria into procurement is so critical for businesses today?
Diana Deguil: Thank you for having me. integrating ESG criteria into procurement isn’t just about compliance or corporate obligation; it’s about recognizing that consumers and investors are increasingly prioritizing sustainability. Nearly half of purchasing managers report facing challenges from rising costs and operational complexity. By aligning procurement with ESG principles, companies can better manage risks, build resilience, and meet the expectations of all stakeholders.
Editor: That’s a compelling point.I’ve seen that major companies,like Airbus,are setting aspiring goals,such as aligning 100% of their spending with sustainability standards by 2025. What does this tell us about industry trends?
Diana Deguil: Airbus’s commitment reinforces a growing trend: corporations are finally realizing that enduring practices can lead to competitive advantages. As an example, aligning spending with sustainability not only improves a company’s image but can also drive innovation and open up new markets. It signals a shift in corporate strategy—where sustainability is no longer an afterthought but a integral part of the business model.
editor: With such rapid changes in the industry, how are organizations like PwC and Cosentino harnessing automation and AI to enhance their procurement processes?
Diana Deguil: AI and automation are transformative in this context. By leveraging these technologies, companies can streamline administrative tasks, allowing teams to focus on strategic initiatives rather than getting bogged down in routine procedures.This leads to greater efficiency and smarter decision-making. When procurement teams can analyze data in real-time, thay can respond quickly to market changes and cost fluctuations, which is crucial in today’s fast-paced environment.
Editor: Speaking of efficiency, what practical advice would you give to professionals in the field looking to implement these strategies?
Diana Deguil: Start small and set clear, measurable goals. As an example, analyze your current procurement processes to identify areas where ESG criteria can be applied without overwhelming your team.Invest in training to educate your procurement staff on the importance of sustainability and the use of AI technologies. And don’t forget to engage with your suppliers. Building strong partnerships can help ensure that everyone in the supply chain is aligned with your sustainable goals.
Editor: It’s clear that the future of sourcing strategies is evolving rapidly. How do you see this impacting long-term business success?
Diana Deguil: The integration of sustainable practices and advanced technologies will be a determining factor for long-term success. Companies that adopt these strategies are not just likely to improve their operational efficiency; they are also better positioned to attract top talent, appeal to conscious consumers, and gain investor trust. In an era where environmental and social governance is increasingly scrutinized, those who adapt and innovate will thrive, while those who resist may struggle to keep up.
editor: Thank you,Diana,for sharing your insights on the future of sourcing strategies. It’s evident that sustainability and technology are not just trends but essential components for resilient business practices.