U.S., Nov. 19 -- Supply Chain Digital takes a closer look at new research that highlights the benefits of digital technology for procurement and sourcing.

According to the report, published by technology company Globality, there are countless challenges facing the industry, including: a dramatic increase in corporate services spending as well as increased complexity and number of services providers.

These challenges, says the report, mean that traditional processes are not sustainable, therefore, leaders must look to digitalisation for solutions.

Globality surveyed 101 senior level procurement executives in the US and Europe, finding that:

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96% of respondents recognise the potential of digitalisation, with 66% believing digitalisati...