As 2022 comes to an end, the global economy continues to grapple with geopolitical issues and concern over a potential impending recession that could impact all types of businesses. The procurement function
has spent a lot of time troubleshooting and strategizing to ensure business continuity.
The chart shows 2022 quarters compared to 2021 quarters. 2022 is compared to 2021 in terms of average savings for all categories in each quarter. Q4 of 2022 achieved 6.88% savings on average across all categories vs 1.22% in Q4 of 2021.