Procurement jobs will be affected by break up of Euro

The possibility of the euro disintegrating presents both the potential for great risk and for great opportunities for procurement professionals, according to procurement experts ADR International.

Robin Jackson, chief executive officer of ADR International, believes that the potential for a split in the euro and a breakaway currency led by Germany means businesses need to focus on how they buy goods and services. He said that recently markets have focused on the debt of the euro zone and UK, which has resulted in the weakening of their currencies. Meanwhile, more attention may be placed in the future on the debts and associated default risks of Japan and the US. "The result will be more volatility and more challenges for procurement" Mr Jackson explained. "And with potentially massive implications of a new currency in Europe, it's essential to be prepared."

An ING Direct report recently warned that the break-up of the euro was now possible and that its effects would dwarf those of the post-Lehman Brothers collapse.

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