CAPEX Procurement in Energy Study 2024: Challenges, best practices and strategic outlook

We gathered insights from over 350 energy sector leaders across Europe, the Nordics and the Middle East on their approaches to CAPEX procurement. The findings are clear: CAPEX projects in energy face persistent challenges from supply chain constraints, rising costs, and talent shortages. Significant regional differences are evident, with diverse strategies emerging to manage cost pressures and improve project timelines.

Resilience in CAPEX procurement

Amid ongoing supply chain constraints and escalating costs, CAPEX procurement faces new complexities in the energy sector. This study provides insights and actionable recommendations on the strategies companies are implementing to navigate market volatility, emphasizing how involving procurement early in the project and strengthening supplier partnerships can enhance resilience and ensure long-term success.

Download the results presentation

Key insights from the study:

Key market challenges: From talent shortages to supply chain constraints, the study explores how organizations are tackling today’s biggest hurdles in CAPEX procurement.
Top strategies for procurement excellence: Learn which strategies high-performing companies are using to optimize project delivery, enhance supplier relationships, and drive innovation.
Future outlook and opportunities: Anticipating changes in supplier margins and CAPEX costs, this study reveals where the market is headed and how energy companies can capitalize on emerging trends.
Actionable insights for enhancing CAPEX procurement performance:
- Strategic recommendations tailored to the energy sector
- Detailed analysis of challenges and success metrics across regions and industries
- Access all the insights and uncover practical actions your organization can implement for CAPEX procurement excellence