GEP Spend Category Outlook 2023 Report

Your Toolbox to Smarter Spend Management in 2023 It’s not easy to predict 2023 as you build an effective spend management strategy. But there are signs and trends — some clear, some hidden — that’ll guide you in the right direction. The GEP Spend Category Outlook 2023 helps you do just that, and more. Our annual report analyzes 22 indirect and direct spend categories to inform procurement and supply chain leaders of the types of risks to expect and their levels of impact. It also offers recommendations on how they can continue delivering value for their categories amid ongoing uncertainties.

Some key trends include:
• A higher emphasis on smart packaging and value engineering.
• Fast-tracking of design-to-value projects.
• Recovery in the recycled plastics markets.
• Shift towards flexible packaging wherever possible.
• The continued dominance of digital printing.
• An uptick in the demand for personalized packaging.