Procurement Professional is the official publication of CIPS Australasia

#101 - Possible predictions for a year of volatility in 2010

17 Jan 2010

It is traditional [and foolish] to offer bold predictions at the start of the year.

The Buyer, being prudent, only offers possible predictions though.

They may not happen.

But after a torrid two years, a period of stability is unlikely. A period of volatility more likely.

So these bold possibilities for 2010, may help procurement professionals imagine how a year of likely volatility could impact their own supply chains?

What if one, or two, or more, of these possibilities actually happened? What then for your strategic supply chain?

TEN bold possibilities for 2010:

1. The Aussie dollar to hit parity with the US dollar during the year; and 60p against the Pound 
2. Oil to exceed $100 per barrel once again
3. GOLD to exceed $1,500 per ounce
4. Interest rates to reach 5.75% as a base rate by Christmas 2010 
5. GDP growth exceeds 3%, with inflation a similar figure
6. Unemployment stabilises around 6%
7. USA and China start introducing tariffs 
8. The ALP to win a general election and secure a majority in both houses – and an ETS scheme
9. The ASX to surge past 6,000 pts before Christmas 
10. The mighty Saints will win the flag in September

You heard it here first ..... but let’s hope I am wrong – apart from the last one that is. 

The Buyer – posted 17 January 2010

The views of THE BUYER are personal and are not necessarily those of Procurement Professional magazine, BTTB Marketing nor CIPS