BIG PICTURE

CPOs hold the key to helping construction decarbonise and improve profitability

Dubai, United Arab Emirates

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