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.