84% of Procurement Leaders Say Recession is Here: Fairmarkit Study
· Source: sdcexec.com
In short
A study by Fairmarkit reveals that 84% of procurement leaders believe a recession is already underway or imminent by the end of 2025. The report highlights the growing adoption of AI in procurement, with 94% of leaders noting suppliers already use AI in negotiations, while concerns about data accuracy and unfavorable deals persist. Despite executive mandates for AI adoption, barriers such as data privacy, resistance to change, and high implementation costs remain significant challenges.
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Tags: procurement, AI, recession, supply chain, negotiations, automation