Global Supply Chain Group

Menu
Edit

Euro of Supply Chain: The End Or A New Beginning?

Share
Share
Share
Euro of Supply Chain

Share:

Euro of Supply Chain: The End Or A New Beginning?

Euro of Supply Chain

One year after the Greek crisis which had damaged the European Union and more precisely, its currency; the euro, the world markets start to panic again.

On July 5, the rating agency Moody's lowered Portugal's rating to relegate it to a speculative rating, sowing a wind of panic on the financial markets and arousing the anger of the Portuguese and European people.

In recent days, speculators have been targeting Italy and the fact that despite its impressive deficit, the government has not decided to take austerity measures to curb the debt.

In all these successive crises, it is the Euro which has been weakened and which is experiencing an unprecedented crisis. Indeed, the 2008 crisis was the catalyst that highlighted the weaknesses and limits of the Euro zone.

Without real political authority, they could not deal effectively with the problems faced by countries personally.

For Greece, many alarm signals were triggered, but unable to find a quick decision and invest the necessary money, for lack of a budget worthy of such an organization, the European Union had to ask for aid to the IMF.

The Euro is going through an unprecedented crisis and must prepare for other crises to come with Portugal and Italy, and perhaps even Spain in the medium term.

But can we really envisage the failure and pure and simple abandonment of the Euro? While the European Union refuses to consider this possibility, a certain Mark Cliffe has sought to imagine the situation of European countries.

The situation is alarming: a recession of 10% over 3 years could be envisaged, but it is above all the international barriers and the control of exchange rates that would be a disaster and not only for the member countries.

Indeed, it should be remembered that the European Union accounts for 50% of international trade and the single currency facilitates trade within the euro zone. For example, France's first partner is its neighbour, Germany.

In addition, the consequences for global companies would be enormous, Mr. Vivek Sood, an expert in international logistics commented on the question: “It would be a huge setback for the European Union, but also for globalization in general.

The single currency makes management much easier for businesses; the euro zone is a vast and competitive market.

In addition, fluctuations and exchange rates no longer exist, which makes it possible to make significant savings.

Even if Europe and the euro seem to be in crisis for almost more than a year, we must not forget that the greatest advances of the European Union have been made under the yoke of crises and tensions.

To conclude, in such a competitive world, the end of the single currency would sound the death knell for the place of the European Union on the economic and geopolitical level.

About Euro of Supply Chain Group:

Global Supply Chain Group is pro-active in creating, configuring, and formulating effective, secure and sustainable supply chains around the world.

With a collective supply chain experience of more than 120 years, the senior team in Global Supply Chain Group has worked on more than 100 blue chip projects on all continents adding in excess of $1.5 Billion in value to their clients’ businesses.

Large corporations rely on Global Supply Chain Group to deliver outstanding results in their supply chain strategy, supply chain sustainability, supply chain security and supply chain performance.

Large corporations rely on Global Supply Chain Global Supply Chain Group works very closely, and sometimes anonymously, with the senior executive teams of large corporations to help them win outstanding Global Supply Chain Advantage through:

Some way Euro of Supply Chain

Learn More About Euro of Supply Chain

No matter what your supply chain issues or questions are, it is worth while reaching out and making a connection with us on www.GlobalSupplyChainGroup.com

Contact Details:

Global Supply Chain Group 102/621 Pacific Hwy St Leonards NSW 2065 Australia Telephone +61 2 8920 0694 Fax +61 2 8920 0689 Email: [email protected] Web: www.GlobalSCGroup.com

Share Generously :

LinkedIn
Twitter
Facebook
WhatsApp

Copyright - These concepts, frameworks and ideas are copyright of GLOBAL SUPPLY CHAIN GROUP from the time of their creation. Do NOT copy these without permission and proper attribution.

Notes:

1. These ideas and concepts will be usually expressed by our thought leaders in multiple forums - conferences, speeches, books, reports, workshops, webinars, videos and training. You may have heard us say the same thing before.

2. The date shown above the article refers to the day when this article was updated. This blog post or article may have been written anytime prior to that date.

3. All anecdotes are based on true stories to highlight the key points of the article - some details are changed to protect identification of the parties involved.

4. You are encouraged to comment below - your real identity and email will not be revealed when your comment is displayed. Insightful comments will be featured, and will win a copy of one of our books. Please keep the comments relevant, decorous and respectful of everyone. All comments represent opinions of the commentators.

Our Quick Notes On Five Flows Of Supply Chain Management

Part of our new “Quick Notes” series – this report answers your most pertinent questions of the topic.

LIMITED TIME
USD 20
FREE

. What are the five flows of SCM?

. Why are they important TO YOU?

. How can you map, track, and optimise these flows to serve YOU?

. What is the importance of difference between "Supply Chain" and "Value Chain"?

. What are the stellar case studies of each of the five flows?

MORE INTERESTING READING

Leave a Comment

Your email address will not be published.

Table of Contents

ABOUT THE PRINCIPAL AUTHOR

Today, Vivek and his partners are among 20-30 people on the planet earth who have this deep understanding of supply chain systems, practices and tools. CEOs, COOs, executives and Boards call them in most challenging situations once they know the full potential of supply chain based transformations. Following are key milestones in Vivek's journey:

  • Started in 1983 as a merchant navy cadet at 18 years age, worked his way to qualify as a Captain – qualified to take command of any merchant ship, worldwide.
  • Earned a top tier MBA from UNSW at the top of his class.
  • Joined highly regarded strategy consulting firm Booz Allen & Hamilton, consulting to the CEOs, Boards and senior management of global corporations within Australia.
  • To learn and specialise in supply chain – against all odds, sought out the co-inventor of supply chain in Germany and convinced him to be a partner in his firm, GLOBAL SUPPLY CHAIN GROUP, launched in January 2000.
  • More than 500 successful blue chip projects with high impact business transformations in large corporations using the full power of SUPPLY CHAIN MANAGEMENT.
  • 4 Seminal and path breaking business books IN SUPPLY CHAIN MANAGEMENT – these are available in bookstores and universities and libraries worldwide.

Limited Time

FREE

This offer expires in

Our Quick Notes On Five Flows Of Supply Chain Management

US$20

USE CODE "FREETODAY"

WHAT OTHERS ARE SAYING

Our Clients say it better than we ever could:

TRENDING POSTS

OUR CLIENTS

Our Clients come from a variety of industries – yet they have a common element. They rarely rest on their laurels, and are always looking to do better.

OUR PROJECTS - EFFECTIVE TRANSFORMATIONS

In the last 20 years we have completed more than 500 projects. Click below to see a sample of our projects.

OUR TESTIMONIALS

RELATED POSTS

Our Books

5.0
5/5

THE 5-STAR BUSINESS NETWORK

If you are deeply passionate about the world of business and supply chain networks as I am, and enjoy digging answers to critical questions that will help build and steer your business with wisdom, then join me. This book is a journey of exploration through the world of business networks that run along the veins of today’s commercial world.

4.3
4.3/5

OUTPERFORM OUTSOURCE OUTPROFIT

The trend of outsourcing continues to grow unabated with the whole gamut of services, from simple to mission-critical tasks. There is not a single company on earth that does not outsource anything. It is not just about cost arbitrage, it is also a finer expression of division of labour at the organisational level. Like all leverage, outsourcing is a double-edged sword too. On one hand, it allows you to do more, faster. On the other hand, if it goes bad, it can easily kill your business. If you do not believe that is possible – you can google the Fox Meyer saga from the 90s and see for yourself.

4.3
4.3/5

UNCHAIN YOUR CORPORATION

Businesses Are Chained By Unseen Chains. If You Are Looking For Ways To “Unchain Your Corporation” A Successful Business Transformation Is Required.

Successful Business Transformations Are Difficult, Yet Rewarding.

Business Transformation Is Fast Becoming A Question Of Survival In The Modern Globalised Era.

Modern Supply Chains Integrate Businesses And Economies Faster By Systematic Information Sharing From Internal And External Sources.

Companies Can Multiply Profits By Progressively Ramping Up Cohesion And Collaboration Of All Moving Parts In B2B Network To Achieve Tighter Integration.

4.3
4.3/5

GREEN SUPPLY CHAIN – AN ACTION MANIFESTO

It is generally accepted that environmental consciousness is now changing to environmental proactiveness as organizations are discovering that it makes good commercial sense.

Boards are asking the management to review their policies related to environmental norms, not only to bolster their corporate social responsibility aims, but also because consumers are asking for greener supply chains

It is also widely agreed that consumers will increasingly prefer to buy more and even pay more for products or services provided in an environmentally sound manner.

FOR SENIOR EXECUTIVES AND DIRECTORS

YOUR HIGHEST VALUE ADDED IN YOUR COMPANY

Scroll to Top