What's Happening?
Inverto, a procurement and supply chain consulting firm under Boston Consulting Group, has opened a new office in Bangkok, Thailand. This marks Inverto's third office in Asia, following recent openings in Kuala Lumpur and Jakarta. The expansion is part of Inverto's growth strategy focusing on the Asia-Pacific region. Founded in Germany in 2000, Inverto has grown to over 700 experts across 20 offices worldwide. The new Bangkok office enhances Inverto's coverage in Southeast Asia, with further expansion plans in Asia and the Middle East, including a new office in Riyadh.
Why It's Important?
The expansion into Bangkok signifies Inverto's commitment to strengthening its presence in Southeast Asia, a region with growing demand for procurement and supply chain services. This move reflects the increasing importance of procurement as a strategic business function, essential for building resilience, driving sustainability, and achieving competitive advantage. As businesses prioritize procurement, Inverto's expansion could lead to enhanced service offerings and increased market influence in the region.
What's Next?
Inverto plans further expansion in Asia and the Middle East, indicating potential new office openings and increased service capabilities. The firm aims to respond to rising client demand and leverage procurement's strategic role in solving business challenges. This could lead to more collaborations and partnerships within the region, enhancing Inverto's market position.
Beyond the Headlines
The expansion highlights the evolving role of procurement beyond cost savings, focusing on innovation and sustainability. This shift could influence industry standards and practices, encouraging other firms to prioritize procurement as a key strategic function.
