Quite a start to the New Year… and Jason Busch looks at the Euro

OK. we're 5 days into the New Year, and I've already experienced gales and trees down around my home area,  a fairly significant power cut, and train delays because of technical failure at Waterloo station.

Looks like it's going to be a fairly quiet year then..

Supply chain risk antennae are buzzing. What else can go wrong? What is happening in the Gulf with Iran threatening US warships, EU sanctions getting closer?

Some of the economic indicators look slightly more promising; the new CIPS Markit indices for instance in some cases showing signs of improvement. A major consulting firm I spoke to this week were bemoaning their lack of available resource for a new piece of work - "everyone is busy". Then you look at the Spanish economic projections and think - this can't go on, the Euro must die.

And on that note, Jason Busch at Spend Matters US has started publishing a multi-part feature, titled 20 Ways the Falling Euro May Impact Sourcing Procurement and Supply Chain Strategies. Here is part 1. As usual, it is well worth reading and will be very thought provoking for many professionals.

I did threaten that we would respond with a show of European solidarity, and write something about the collapse of the Dollar - but I have to  say, the outlook for the Euro this year is pretty uncertain to say the least. And Jason gets into some very good points that are worth reading for anyone who has currency issues or exposures, which when you think about it, is pretty much anyone in a serious procurement role.

So, at a personal level, do I put my cash into corporate bonds, equities or wine? Is this a great time to look to expand Spend Matters - or batten down the hatches for a tough year?

Oh well, when confused, revert back to the simple New Year resolutions - drink less, exercise more, eat less, be nice to people. At least they're things that are under our own control!

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