For years, trade exhibitions have served as the pinnacle of trade-from-all-around suppliers and buyers in manufacturing, creating a pulsating arena where people meet through handshakes, business cards, and product demonstrations. But as international supply chains are going to be more complicated, and as digital-savvy decision-makers take over, it raises the question of whether trade shows have any relevance.
The rise of e-sourcing, fueled by artificial intelligence (AI), is redefining procurement radically. Platforms such as challenge the traditional trade fair model by bringing the sourcing of suppliers quicker, smarter, and more efficient. The smartest buyers are already capturing the changes with this model.
In this article, we will take you through what e-sourcing is, why it is changing procurement, and how AI is fast-tracking the process to make it the new option in sourcing suppliers.
