- In November 2022, IBM and Vodafone collaborated to explore Quantum-Safe Cryptography and Quantum Computing. This partnership aims to enhance security systems, addressing the growing need for data protection against future quantum computing threats. The development of quantum-safe cryptography could significantly impact industries, including procurement, by setting new standards for data encryption and security
- In January 2022, Bain & Company acquired Proxima, boosting its expertise in supply chain and procurement. The acquisition strengthens Bain's procurement offerings by integrating Proxima's specialized knowledge. This move enhances Bain's ability to provide more strategic and data-driven procurement solutions, addressing the growing demand for efficiency in a complex global market
