Procurement Professional is the official publication of CIPS Australasia

#79 - What impact would a new oil price shock have on your supply chain?

12 Oct 2009

A sobering article in UK newspaper 'The Independent' recently, quoting the Bank of England, suggested the price of sweet crude (flat around $70 brl today) could be the next big economic shock to the system?

http://www.independent.co.uk/news/business/news/crude-price-shock-is-next-threat-to-recovery-1791231.html

Oil hit a $147 per barrel high in July 2008 of course, and fell to $31 by late December 2008.

What impact might those two price extremes have on your supply chain then?

The Buyer – posted 12th October 2009

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