Tom Seal, research director at Procurement Leaders, told this year’s World Procurement Congress (WPC) that we define successful risk-aversion by using a “nothing went wrong approach”. Why is this relevant? Because micro-risks – if poorly managed – can easily mount up, costing businesses millions as a result.
China’s economic miracle has ground to a halt, leading to a fall in its demand for liquefied natural gas (LNG), raising doubts about the future of LNG exports as well as placing downward pressure on energy prices.
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