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Can Supply Chains Withstand Another Crisis?

Tealbook and Wakefield Research Survey Procurement Leaders During COVID-19

Tealbook partnered with Wakefield Research to survey 250 Procurement and Sourcing Executives director-level or above at companies with $200 million or more in annual revenue.

 

This survey offers exclusive insights into the state of procurement and supplier data following the events of the COVID-19 pandemic. Download the study to access all of our findings.

On Solid Ground: Building the Data Foundation for Agile Procurement

Tealbook will be hosting a webinar series to dive deeper into our findings and discuss their impact on the procurement landscape.

Register for the webinar series here.

 

Key findings snapshot:

  • 72% of procurement leaders are very concerned that their supplier intelligence has still not improved to future-proof supply chains
  • 96% of procurement leaders say that agility is more important than cost savings
  • The cost of adding a single supplier record is estimated to be $2,431

 

About Tealbook

Tealbook is a supplier intelligence platform with the power to revolutionize the way buyers obtain supplier data. By using Tealbook, our customers have the data they need to make critical decisions, resulting in empowered and transformative procurement strategies. By leveraging machine learning and AI, Tealbook is introducing ease and transparency into the supply chain ecosystem. In addition, Tealbook provides a data foundation that can be leveraged by other eProcurement solutions to ensure these larger investments are successful. Tealbook has been adopted by Fortune 100 companies across multiple sectors and is the winner of many prestigious awards including Spend Matters 50 Vendors to Watch, Gartner's Cool Vendor, CIX Most Innovative Company and Most Upside Potential by C100. Tealbook's mission is to deliver a "Trusted Source of Supplier Data" to ensure and ever-growing procurement space. For more information visit www.tealbook.com.

About Wakefield Research

Wakefield Research is a leading, independent provider of quantitative, qualitative, and hybrid market research and market intelligence. Wakefield Research supports the world's more prominent brands and agencies, including 50 of the Fortune 100, in 90 countries. Their work is regularly featured in media. To learn more, visit www.wakefieldreasearch.com.