Procurement leaders face challenges with ESG, AI, and geopolitical risks

Procurement leaders are facing a more complex operating environment than ever before, with climate change, geopolitical tensions, and regulatory shifts all converging to reshape supply chains. During a recent Reuters webinar sponsored by EcoVadis, industry experts explored how organizations are integrating environmental, social, and governance (ESG) priorities into procurement to build resilience and reduce risk.

“Companies are feeling the impact of growing ESG regulatory complexity,” said Silvia Schmid, strategic account manager at EcoVadis. “They’re looking at ESG data because it helps to increase business continuity, avoid supply chain disruptions, avoid reputational and operational risks, but also regulatory and compliance risk.”

The expanding risk landscape

The conversation, moderated by Deborah Dull of the Circular Supply Chain Network, framed today’s procurement challenges across three dimensions: artificial intelligence, regulation, and tariffs.

On AI, Dull noted that “over 90% of procurement executives are now using Gen AI once a week or more themselves.” While the technology promises better, data-driven decisions, it also raises concerns over security, ethics, and human-AI interactions.

Please click here to read the complete article.