Although last week's survey did not study attitudes toward globalisation in the UK, I would expect that the results would have been broadly similar here. People are in favour of the benefits that international trade can bring, but are wary of how much damage it causes to the environment and job security at home.The benefits for procurement are obvious: cheaper products, access to low-cost labour and access to a variety of new markets. But the risks of globalisation are obvious too: abuse of ethical standards, an extended carbon footprint and taking jobs away from the mother country.
But do the benefits outweigh the risks - or is balancing them simply the task of a good buyer? Or is it that buyers don't have a choice anymore and have been forced to embrace globalisation against their wishes?