So keeping this in mind, what happens in procurement? Much like procurement imitates business, and business imitates life, prepare for more tough transitions. People will still buy cars, but there may not be GM and Chrysler logos on them. Will Toyota, Honda, Nissan, VW etc. swoop in to fill the demand? Absolutely. It’s important, as a good friend used to constantly remind me, to see the universe in balance. Supply and demand may shift, but they never disappear. The folks who used to work for GM and Chrysler will work for whatever emerges from the ashes, or Toyota, Honda etc (as many do already). There remain over 300 million Americans in the US, all of whom consume something at some time. Folks will continue to buy and sell as they always have, there will be no halt to business; only a change in the manner in which we do business. Considering the current economic climate, it’s long overdue.

I’m not sure about the rest of you, but it gives the Sourceror hope.