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BIG PICTURE

CPOs hold the key to helping construction decarbonise and improve profitability

Dubai, United Arab Emirates

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Despite being the world’s largest ecosystem, Construction typically yields slim margins and low productivity improvement. Coupled with the pressures presented by COVID-19 and its crucial role in achieving global sustainability, construction must lean on its CPOs to decarbonise and become a source of competition. Typically accounting for 40-70% of a construction company’s total spend, procurement is stepping into the light as a trusted partner to better navigate uncertainty. Key areas for improvement:

• Create transparency for CO2

• Gain a granular perspective on materials and suppliers

• Help manage trade-offs

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