Put just a few CPOs in one room and their procurement spend combined will exceed the federal budget of a small nation. Their individual allocation decisions may simply execute their own sourcing strategies, but all decisions combined change the flow of global trade. In volatile times of increased protectionism, geopolitical risks, and a resulting push for de-globalization, understanding the intricacies of the global economy must be on the CPO agenda.
In the Porsche Consulting Procurement Lounge 2024, Barbara Frenkel, CPO of Porsche AG, and Karin Fess, Partner at Porsche Consulting, brought together procurement and operations leaders and decision makers across industries to discuss the global economic outlook, the international competitiveness of Germany and Europe, and the implications for procurement. Our keynote speaker, Prof. Dr. Dr. Bert Rürup, President of the Handelsblatt Research Institute, shared his insights on economic policy and business implications in a volatile world. Timo Bollerhey, CEO of HINT.CO GmbH, an H2Global Stiftung company, talked about the double-auction model he designed and implemented to advance the international market ramp-up of green hydrogen.