APAC (Asia-Pacific)

The Asia-Pacific (APAC) region is the most economically dynamic and fastest growing area in the world, accounting for over 45% of global procurement spending. As such, it has become increasingly important for businesses to understand and effectively navigate this complex market. APAC procurement focuses on buying goods and services from the diverse range of regions, countries, and cultures within the Asia-Pacific region, enabling companies to identify cost savings and build competitive advantage through sourcing activities. By leveraging regional strengths and economies of scale, businesses can secure quality supplies at competitive prices while adhering to cultural norms and regulatory requirements. Through thoughtful and efficient procurement practices, businesses can capitalize on success in the rapidly changing APAC economy.