Mitsubishi Electric: Procurement Process

The world has changed considerably in the last couple of years, and not just because of the COVID-19 pandemic. Recent geopolitical events are affecting the procurement strategies and processes of companies around the world, with a heavy domino effect on delivery times and profitability. Scarcity of raw materials and skilled labor, generalized cost increase, protectionism, limitations on import or export activities, lockdowns, difficulties and price increases in transport are in fact making the procurement process increasingly difficult.