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Business eBulletin |
Issue 2 – September 2008 |
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| The challenges of the new economic order | |||
As we approach the final quarter of 2008, the world economy is in a somewhat fragile state. In this eBulletin, we offer some insights into what this could mean for procurement leaders. I argue that procurement has traditionally been largely about cutting suppliers' prices in the first article, "It's the cost of fuel, mate!". But the rising cost of oil means all that is changing, and I suggest some ways we can take advantage of the opportunities presented by the new world conditions. |
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In the second piece Bill Michels, CEO of ADR International (North America), says the weak dollar means it's time for procurement leaders to reconsider anything sourced from Europe or Asia. |
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Finally, Richard McIntosh, director of ADR People, argues that having the right people on board is essential if you want to reap the benefits of sourcing from low-cost regions. |
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Please let us know your thoughts on these topical issues. We would be very interested to hear your perspectives.
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