The Accenture Spend Trends Report brings together the strengths of the Supply Watch and Spend Trends publications into one new quarterly publication that summarizes the top market trends affecting major spend categories—from Marketing to Logistics to Energy and many others—and outlines actionable insights that you can leverage to drive strategic value in your organization.
The content of the Accenture Spend Trends Report is drawn from our category experts’ and editors’ in-depth analysis of macro factors as well as aggregated spend, savings and project data, and outlines insights from each major spend category along with actions to consider in developing spend optimization strategies.
Energy and power prices reached levels of volatility not seen for years, requiring energy users to consider new strategies to manage costs.
Highlights from the report include:
Q1 Spend Trends: The Big Five
Coping with Skills Shortages Becoming a Core Competency: As the economy recovers, skills shortages and wage inflation pressures are rising for more skilled and semi-skilled occupations requiring firms to adopt a more robust total workforce management strategy to meet demand for skills and keep a lid on labor costs while also managing risk.
Tightening Logistics Market Requires New Strategies to Fulfill Demand: In the over-the-road market, carriers have been reluctant to add new capacity, fearful of another economic pullback. Now, with demand improving, shippers need to look at ways to become more driver-friendly as they are forced to compete for scarce supply.
Energy Budgets Under Pressure from Volatility, not Just Rising Costs: In Q1, energy and power prices reached levels of volatility not seen for years—requiring energy users to consider new strategies to manage energy costs and risk
Regulations Increasingly Driving Capital Investment Cycles: Not only are assets aging, and capacity utilization levels high, but regulations on air pollution and water use are forcing capital upgrades—and opportunities for major efficiency gains—in certain segments.
Rise of Shadow IT Shifts Role of IT Organization: The pervasiveness of SaaS has allowed functional departments to acquire point solutions for specific functions, resulting in unmanaged “Shadow IT” spend, which IT will need to tackle through increased partnership with business stakeholders.
We hope you enjoy reading this quarter’s report and the insights it has to offer.
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