Proxima, a global procurement consultancy backed by Bain & Company, has officially launched its Singapore office in collaboration with ArcBlue, a leading Asia Pacific consultancy. This strategic move aims to bolster procurement offerings by combining international expertise with local market insights. Chris Hampden, who previously led international purchasing for Rolls Royce in Singapore, will head the new office.
The launch comes at a critical time as businesses in Singapore face increasing trade risks, supply chain resilience challenges, and sustainability mandates. According to Proxima’s Global Sourcing Risk Index, developed with Oxford Economics, Singapore ranks as the 12th most exposed economy to supply chain risks among the world’s 30 largest economies. The city-state also tops the Trade Barrier Vulnerability Index due to its re-export model and reliance on cross-border trade.
Daniel Collings, Executive Vice President of Proxima APAC, emphasised the importance of procurement in business success, stating, “The procurement function has never been more critical to business success. With organisations typically spending around 70% of their revenues with third-party suppliers, the external enterprise is an immense source of value.”
The partnership with ArcBlue is expected to help Singaporean businesses navigate the complexities of global trade shifts, balancing cost, resilience, and risk. As trade policies and sustainability standards evolve, Proxima aims to support local companies in adapting their supplier strategies to maintain competitiveness.
The establishment of Proxima’s Singapore office signifies a significant investment in the region’s procurement consulting market, promising to unlock new value for businesses amidst ongoing global uncertainties.
