Recent reports state that inflation and geopolitical supply-chain pressures remain a commercial risk

Procurement analysts continue to highlight supply disruption, energy costs, logistics costs and geopolitical events as major drivers of procurement strategy. Recent reports point to rising transportation and warehousing costs and ongoing supply-risk concerns. The Implications for contract and commercial managers could include:

Increased supplier requests for price adjustments and increases

Supplier failures

Pressure to renegotiate on fixed-price contracts.

Greater importance of force majeure and indexation clauses.