The pocket guide to tail spend: Manufacturing & CPG
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The manufacturing industry has seen its share of struggles in recent years. In 2020, manufacturers in the United States saw the most significant decline in output and hours worked since WWII. While the industry has bounced back and surpassed pre-pandemic growth, economic downturns and labor shortages are looming. To sustain growth while weathering yet another storm ahead, procurement teams must focus on efficiency and management of spend.