Strategic Sourcing in Transportation & Hospitality: Responding to Crisis

The Transportation and Hospitality industry plays the critical role of connecting people across the globe. Representing 15.8M jobs in the US alone, transportation and hospitality provides information, accommodations, transportation, and related services, generating $2.6T in revenue. With operational restrictions and regional shelter-in-place ordinances, travel is projected to drop by 45% in 2020 resulting in an estimated $519B loss of annual revenue.

Innovative procurement teams in Transportation and Hospitality are leveraging software solutions to respond to the current crisis as well as align themselves with the business for a stronger recovery. With collaborative tools to manage suppliers and provide real-time information to business partners, sourcing teams have the agility to weather current uncertainties as well as the visibility to plan strategically for the future.