Monday March 14th; today’s priorities for procurement

It' s an obvious suggestion really, but any procurement professional coming into work this morning should first of all think about friends, colleagues or suppliers in Japan, and consider anything supportive or useful that can be done to help.

We do also then need to consider the impact on our own supply chains. It's very hard to know at the moment what the longer term impacts might be - will commodity prices go up, down or be unaffected? Will this push the developed world back into recession? Put more impetus into the 'local sourcing' movement?  But more immediately, there is going to be supply interruption in some market and product areas. And it may be difficult to predict just where that may fall. Ian Bowles pointed out in his post yesterday that it may be relatively small factories and businesses that are critical in major supply chains that prove to be the key to supply problems to come. As he says,

Rarely does any major plant in Japan not have a whole raft of small local suppliers feeding all sorts of small parts; their loss in this context will be the big problem.

So have a careful look at your key suppliers, products and supply chains; and read the Jason Busch post from Friday here and Ian's if you haven't already.

And on a different note; keeping up my anger at the Prime Minister accusing 30% of our profession's UK members of being 'enemies of enterprise' is tough after the events of the last few days, which put these petty political issues into perspective.  But here's the CIPS Chief Executive's response to that; and a good article by David Mitchell (being pretty serious, not humourous) in the Guardian on the same topic.

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