Pixabay
Spend Matters welcomes this guest post on private equity (PE) and procurement from Alejandro Alvarez, Partner: Operations Performance at Ayming UK.
From the outset, 2020 was expected to be a year full of world-relevant events, from a critical election in the US to Brexit and China's continuous rise as a significant power. However, few of us, if any, expected that a new pneumonia-like virus, Covid-19 would reshape the ways of life, diverse as they are, of societies around the world.
In the West, around February and March, board conversations quickly changed from "how high can the stock market go?" to "is this going to affect us and how?" and finally "how do we manage the impact, risks and potentially, capitalize on opportunities?” For many businesses, the effectiveness with which the last question was addressed will determine their future performance in the years to come.