One of the key activities in 2023 for CPOs is to leverage the crude oil downturn, relaxed shipping industry scenario, better than last year's commodity conditions and RENEGOTIATE their contracts to find (or recover) some cost savings.
I have put together a list of 20 ideas for you to get started (there are plenty more, let me know if you want me to make a video on this). Do this for me - check your list of initiatives internally to see if you are running some projects to get some cost savings in 2023 or not.
I would be delighted if you can add more ideas to this list in the comment section. Just in case you are wondering, this was NOT done by chatgpt!
Let us bring some cost savings home!