Home > News > Global CEO blog

Global CEO blog

Welcome to the Global CEO (UK) blog. Its aim is to draw attention to developments and ideas in the world of procurement and supply management and in the work of the profession’s Institute.

We change the blog monthly, and I would welcome your comments personally on ceoblog@cips.org

David Noble FCIPS

What goes up must come down
The volatility of the global economic markets is still keeping us on our toes.  Just as we are lulled into a false sense of near-security, there are always a few surprises in store.
The worst global recession for a generation appears to be receding into history but it’s a patchy recovery. Though Germany is soaring ahead, France is still stagnating and Chinese manufacturing growth has dropped for three months now. This is the background landscape in which supply chains are operating. Add political, environmental and social factors and it’s a capricious and unpredictable mix.
But data shows that risks to supply chains are actually falling.  This is certainly the result of our findings in Q2 of the CIPS Risk Index (CRI) published this week. For the first time in 18 months, the level of global risk has actually decreased. It is a truth universally acknowledged in our profession and now increasingly amongst governments and businesses that the vulnerability of supply chains is increasing and the number and intensity of the problems are multiplying
So, to see that risk has actually decreased is an attention-grabbing development that deserves further investigation. The index has measured risk decreasing for three consecutive quarters since the financial crisis began in 2007. It tracks all the impacts of economic, political and social factors and showed a fall to 78.1 in Q2 this year, compared to the high of 82.4 in Q3 of 2013. The stability in sub-Saharan Africa appears to have been instrumental in the reduction of risk, along with Kuwait’s achievements in infrastructure projects bringing a level of security in the Middle East which still remains one of the most troubled regions in the world.
So though the immediate future for supply chains may be promising, there are possible storms ahead. No one is yet certain how the Ebola crisis will pan out. Could there be a pandemic on the horizon along the lines of the flu crisis a few years ago and will the war of sanctions between East and West with Russia at its core, tip the balance back into instability. As global recovery is taking hold, there may soon be stagnation and further threats to supply chain health, if these fears become a reality.Catch up with my column in Supply Management magazine

A great start to the New Year

I’m incredibly pleased that we have two great announcements to make so early in the year, the first being that CIPS has achieved a Best 100 Companies award for the not-for-profit sector.

After achieving ‘One to watch’ status last year, it’s been a great achievement to have moved up in the ranks. It also highlights how motivated and engaged staff will support the way we work for the profession, be open to change and development and do the best for our community.

Best Companies has been producing the ‘Best Companies to work for…’ lists since 2001 to benchmark and reward those companies that make the grade. Hundreds of organisations apply each year with an employee survey that gauges the level of staff engagement and satisfaction in the workplace. Only the highest scores are awarded star ratings, so this is an accolade rightly to be celebrated.

Follow @CIPSNews on Twitter and our Facebook and LinkedIn pages for more news about this achievement and the celebrations.

Chartered Status is here

A professional with Chartered Status deserves recognition for going the extra mile in their career and will be highly sought after.

After nearly a year of consultation and debate, in October last year, Her Majesty The Queen approved the institute’s request for not just a name change from purchasing to procurement but also allowed us to offer Chartered Status to full members and Fellows.

At this level, this professional is likely to be leading procurement teams and have influence at board level as well as across supply markets with innovative sourcing solutions. This new journey beyond MCIPS is essential to the future evolution of the profession and this is the right time for this new professional pathway.

This is certainly the most significant moment since my time at CIPS and the most significant since 1992 when the Institute received its Royal Charter. This change has come at just the right time where procurement issue have been highlighted more than ever before – food fraud, modern day slavery and supply chain risk.

There are three routes to Chartered Status – academic, experiential and applied learning, so something for everyone so I hope you’ll consider how this new status can enrich your career. This is a ground-breaking opportunity for the profession and for us as individuals to be able to call ourselves Chartered Professionals. CIPS will be concentrating on promoting this throughout the year to business leaders.

More info on the CIPS website