Bain & Company

PROXIMA IS A WORLD-LEADING PROCUREMENT AND SUPPLY CHAIN CONSULTANCY

We work alongside some of the world’s largest and most successful businesses to help them spend their money wisely and deliver purposeful and profitable change. We do this through an extensive suite of procurement consultancy services focused on cost optimization, organizational transformation, supply chain sustainability, and decarbonization. We are famous for our delivery as experienced specialists immersed in businesses, accelerating outcomes.

We are proud to be part of Bain & Company - the leading management consultancy. Together, we deliver a set of integrated end-to-end procurement, supply chain, and supply chain sustainability offerings.

Proxima

This week, our Wellbeing Committee hosted a fantastic event with guest speaker Melody Wilding, LMSW, who shared tips and tricks with our team on how to set healthy boundaries while at work and communicate effectively.
 
As a renowned expert in this field, Melody provided practical strategies to help Proximites establish a healthy routine both in and outside of work in today's fast-paced world. 
 
We're committed to helping our teams grow and thrive in their careers at Proxima. Learn more about what it's like to work at Proxima here: https://bit.ly/3O4KReK

Our sustainability expert Bridget McCormick shared insights from our Scope 3 Maturity Benchmark at the Suppliers Partnership for the Environment's quarterly meeting last week, where she engaged with over 200 industry leaders from the #automotive sector.
 
The Suppliers Partnership for the Environment provides a crucial forum for global automotive manufacturers and their suppliers to collaborate and work towards a shared vision of #sustainability and positive environmental impact.
 
We are proud to work with their members on the Scope 3 Maturity Benchmark to help them build their plans and resources to tackle Scope 3.
 
If you are interested in participating in The Scope 3 Benchmark, built in partnership with the Scope 3 Peer Group, you can find out more here: https://bit.ly/4b35XVO

Our 2024 CPO Report shines a spotlight on the overarching challenges and opportunities shaping the #procurement landscape in the coming year.

Many of the themes covered in this year's report are set to stay for years to come: risk, cost, and sustainability. At the same time, these leaders are focused on the here and now and navigating these topics in the short term to ensure success in the future.

Explore the report today: https://bit.ly/3vOBt9O

The US has weathered the storm in the face of a global economic downturn, with forecasts allowing for cautious optimism.

While the outlook is positive, uncertainty remains. In a recent article, our EVP Kent Mahoney highlights the importance of businesses relying on their procurement teams to drive cost optimization.

Kent argues that there is significant progress to be made in aligning procurement teams with overall business strategy, referencing Bain & Company research that shows 80% of US companies across industries do not have procurement capabilities mature enough to meet business needs.

Find out the top 3 ways mature procurement teams can help deliver significant business growth in 2024: https://bit.ly/3SFTkIY

The situation in the Red Sea continues to pose risks and disruptions for the global manufacturing and retail sectors.

Analysts warn that extended delays and surging freight costs may impact various industries, particularly those dealing with perishable products, electronics, textiles, automotive parts, and consumer goods.

Our expert Matthias Menck spoke with The National News, sharing insights on the impacts of rerouted vessels, increased shipping costs, and the ripple effects on businesses relying on a ‘just in time’ approach.

Read more here: https://bit.ly/4bhvwCx

This week, Proximites from our London office attended the Royal Holloway University of London's Diversity Careers Fair!

We enjoyed engaging with attendees and sharing how Proxima actively promotes an inclusive and diverse work environment. 
 
It is key for us to continue building a workplace that values and embraces diversity. Learn more about our commitment to inclusiveness and openness here: https://bit.ly/42nqv7k

Last week we launched our 2024 CPO Report.
 
This year’s report spotlights critical focus areas:
 
🌐 Robust Risk Strategies: In the face of an ever-evolving risk landscape, Procurement needs to focus on building resilient supply chains.
💰 Beyond Cost Optimization: Explore how Procurement can expand its overall value and contribute to broader business objectives
🍃Sustainability: How to maintain momentum in the sustainable procurement space and adapt supplier relationships to evolve alongside incoming legislation.
 
Explore the report today for invaluable insights into 2024 from industry leaders: https://bit.ly/3vOBt9O

The retail sector has faced a whole host of challenges in recent years:

💰 Record inflation
🌍 Geopolitical instability
🧾 The cost-of-living crisis

However, the outlook is not all bad in 2024. Consumer spending has performed better than many predicted, and inflation is showing signs of easing, but the expectations are set: retailers need to constantly evolve to meet the demands of dynamic customers, fluctuating economic conditions, digital advancements and sustainability.

Our experts outline what success in the retail sector looks like today in our new Retail Report: Retail Evolved. Download here: https://bit.ly/42j8UgU

Last week, we attended the first Scope 3 Peer Group Strategy Day in London, where professionals, including our own Jamie Ganderton, Bridget McCormick and Simon Geale, convened to map out a solutions-focused approach to how procurement can tackle #climatechange.

Oliver Hurrey brought together over 150 senior executives to discuss how procurement can accelerate positive change, including how companies can leverage the Scope 3 Benchmark we developed with the Scope 3 Peer Group to drive collaboration and improved data sharing. To date, the Benchmark has been completed by over 150 companies with combined revenues in excess of $2.5 trillion.

We’re looking forward to attending the next Strategy Day in Chicago in June. Until then, find out more about the Benchmark on our website and learn how you can get involved: https://bit.ly/3rECzTP

#Scope3 #decarbonization #sustainableprocurement

Take a look at our NEW Social Value Report.

It provides a framework for setting up a successful social value program and examples of best practices. With legislation and the need to drive value beyond cost, this report defines how to set up and embed a program that delivers both profit and purpose.         

Download today: https://bit.ly/3Sn5V3r   

#socialvalue #publicprocurement

Efficio is a procurement and supply chain consulting firm providing cost optimization and maturity assessment services for businesses.

Efficio

4C Associates offers procurement and supply chain consulting services aimed at maximizing financial and operational performance for clients.

4C Associates

LogicSource provides supply chain and procurement consulting services to help clients spend their money wisely and achieve profitable change.

LogicSource

Blue Label Telecoms is a potential competitor to Proxima Group, offering services in the telecommunications sector.

Blue Label Telecoms

Neosensory is identified as a possible competitor to Proxima Group, although specific details about its services are not provided.

Neosensory

Petalite is mentioned as a potential competitor to Proxima Group, but details about its services are not specified.

Petalite

Proxima is a consulting business specializing in Procurement, Supply Chain, and Supplier Sustainability. It is part of Bain & Company, the global leader in management consulting, and aims to be the world’s best procurement consulting firm for its clients and people. Proxima helps organizations spend their money wisely and well, focusing on making businesses more profitable, purposeful, or both.

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Proxima