A glimpse of the future

The landscape for purchasing professionals could be in for dramatic changes in the next five years, from the rise of China to the demise of ‘just-in-time’. Malcolm Wheatley identifies the major trends

What a difference five years makes. In January 2000, who had heard of Osama Bin Laden, or could have imagined that in a matter of minutes New York’s skyline could be changed so brutally?

Or, to take an example from the world of business, it was exactly five years ago that the dotcom frenzy was nearing its peak. While America’s Nasdaq index soared to dizzy...

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