The second annual survey reveals a strong interest in online sourcing across the commercial, education, government, non-profit and healthcare industries, along with growing interest in corporate social responsibility.
The report highlights a number of trends, including:
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91% of B2B buyers say they prefer to buy online.
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Currently, 58% of B2B buyers are making purchases that need to be delivered directly to employee homes, accommodating an increasingly distributed workforce as a result of the COVID-19 pandemic.
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84% of B2B buyers say their organizations plan to spend more money on Black or other diverse-owned businesses.
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63% of B2B buyers say improving the sustainability of their buying practices is a top priority goal.
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The increase from last year’s report shows that corporate social responsibility (CSR) goals continue to be prioritized.
“Procurement professionals continue to face a variety of challenges in a rapidly evolving environment. We are always looking for opportunities to improve our customers’ buying experience. 2022 Business Procurement Status Report It helps provide actionable insight into procurement strategies and assist decision makers in continuing their digital transformation journey.
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Enterprise buyers continue to prefer digital procurement, and decentralized delivery is becoming the norm
The COVID-19 pandemic has accelerated digital transformation efforts in procurement. 2022 Business Procurement Status Report indicates a strong digital orientation. In fact, 68% of buyers say they plan to make at least 40% of their purchases online by the end of the year. This is up from 56% of buyers in his B2B Evolution in E-Commerce report for 2021. Furthermore, only 2% of this year’s respondents said they only shop offline.
However, more distributed purchases and deliveries are becoming a standard part of procurement.Today, her over 1.7 million small businesses worldwide
Buyers are price sensitive, but growing support for diverse ownership and more sustainable supply are key drivers of purchasing decisions
Businesses are facing growing concerns related to inflation, supply chain disruptions and economic recession, but they continue to invest in smart business purchases. According to the report, the majority of B2B buyer budgets will either increase or remain flat through 2021, with only 22% of respondents expecting their budgets to decrease this year.
However, while respondents said reducing costs and increasing efficiency were the most important areas for overall improvement, three of the four most important procurement priorities were sustainable and diverse. We are focused on contributing to the organization’s CSR goals, including supporting local businesses. The report found that he 91% of buyers take the seller’s certification into consideration when purchasing. It reflects consumer buying behavior where decisions are made based on the buyer’s values.
Yet organizations face certain challenges in achieving their sustainability goals. 69% of B2B buyers work for organizations that need to increase their purchases from sellers following sustainable practices, while 55% of buyers with sustainability goals procure suppliers who follow sustainable practices said it is difficult to This gives buyers an opportunity to make more use of seller certification as part of Smarthis business buying strategy, bridging the gap with sustainability-focused goals.
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