Will you promise me you won\u2019t click on any of the following links until I tell you it\u2019s OK? Great. Thanks.<\/p>\n
Don\u2019t miss updates on Procurement & Supply Chain, Subscribe here!<\/p>\n
Check out these headlines:<\/p>\n
\u201cGas pushing $4-gallon\u201d<\/p>\n
\u201cRising food prices: Cause for concern\u201d<\/p>\n
\u201cHigh commodity prices are hard to swallow\u201d<\/p>\n
These were from articles published this month right?<\/p>\n
Wrong.<\/p>\n
These were from articles published in 2008. Right before the Great Recession took hold of us.<\/p>\n
It doesn\u2019t seem that long ago, does it?<\/p>\n
And just as the world has started to feel that we\u2019ve recovered from that recession, could rising prices push us to the brink of another one?<\/p>\n
It is kind of scary to think that once money starts flowing again, sources of fluidly-priced commodities raise prices to uncomfortable levels. If you need further proof of rising prices, just check out the price index graphs in the latest edition of Leading-Edge Supply Management Magazine, available after logging into the Next Level Purchasing Association.<\/p>\n
It might just be me, but it is starting to feel like we\u2019re in yet another one of those economic \u201cbubbles.\u201d And it feels like each of these bubbles is followed by a stock market crash and a recession.<\/p>\n
Could we be at that point already?<\/p>\n
OK. Now it\u2019s fine to click on those links. Or just look at your favorite news site\u2019s archives for the past month. You\u2019re likely to find stories that are nearly identical to those from 2008.<\/p>\n
Recommended Reading<\/strong><\/p>\n How Strategic Is Training?<\/a> Will you promise me you won\u2019t click on any of […]<\/p>\n","protected":false},"author":12,"featured_media":4055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n
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