The Impact of the Global Economic conditions on the Procurement profession survey
Recent months and weeks have turned global economies and markets on their heads, creating massive risks, as well as some opportunities, for supply chain and procurement professionals.
In this survey, we assess the effect the global melt-down has had on you and your career.
February 24th, 2009 at 10:47 pm
Its changed the way most companies do business, the credit squeeze is hitting all businesses. Some have more cash than others so they can cope with the sudden squeeze on cash flow but the problem remains. Suppliers are chasing invoices a lot faster than usual to keep there credit and debt exposure down.
Companies are getting twitchy about outstanding payments and the likelihood of a customer failing.
Capital investment decisions are being postponed due to lack of suitable funds, so major projects are being put on hold.
Activity levels have gone done no question of that, expenditure is being monitored very closely.