This year may prove to be another bumpy year when it comes to price volatility. If buyers have yet to remodel their procurement strategies, 2020 is the year to start.
The global recession of 2008 ushered in a new era of price volatility, but 12 years on it remains a relentless trend. Analysts have had to adjust to a new normal - becoming nimble and adept at staying ahead of market movements.
Uncertainty will continue to loom high for 2020. That’s the outlook from the OECD, and one that is echoed by economists and businesses. Ramping up volatility is a squeeze on free trade.
According to EY, the UK has had the worst start to the year than since the global financial crisis a decade ago. The latest EY Profits Warning Report recorded 89 profit warnings - up by 22% from 73 - in the same period of 2018. With general retail representing the sector with the highest number of companies.