Read about: New Metrics of Supply Management Dashboard | Managed Spend Data | Decreasing Global Inflation | India's Emerging Supply Chain Role

62% of companies are currently using generative AI in procurement, according to a recent CAPS survey. However, only 15% of companies have generative AI governance policies in place, with 19% currently creating them. This indicates a significant percentage of companies are likely using Gen AI models without guidelines for protecting intellectual property and other sensitive data.

Read about: Register for Sustainability Webinar, Member Engagement Report, ESG Barriers, Manufacturing, Tariffs

CAPS asked procurement practitioners to rank the most important ESG factors they consider when selecting suppliers. Safety, Social Sustainability, and Governance were the top 3, suggesting a greater focus on the humanitarian elements of the ESG agenda.

Read about: ESG Requirements, Implementation Drivers, Sustainability Initiatives, Plastic Pollution, Shipping