Procurement: Page 3
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Phynart Studio via Getty Images
Manufacturing pulling out of the ‘malaise’ despite some performance dips: PMI
While some metrics like employment and production were down based on the ISM's monthly report, economists remain optimistic about the year ahead.
By Kate Magill • March 1, 2024 -
Kaarin Vembar/Supply Chain Dive
As Macy’s and others close stores, TJX is picking up the supplier base
With big brand brick-and-mortar options dwindling, the off-brand retailer’s 21,000 vendors are increasingly looking to the company.
By Ben Unglesbee • Feb. 29, 2024 -
Explore the Trendline➔
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TrendlineProcurement
Can relationships between buyers and suppliers evolve fast enough to keep up with the speed of ever-changing supply chain risks?
By Supply Chain Dive staff -
Courtesy of Tesla Inc.
Biden administration scrutinizes China’s links to connected vehicle supply chains
The Commerce Department is exploring whether to regulate transactions with China-linked firms supplying automakers with goods, technology or services for their connected cars.
By Edwin Lopez • Feb. 29, 2024 -
Courtesy of Big Lots
Big Lots acquires entire inventory of toy company Hearthsong
The move is part of the company’s larger strategy to reclaim its position in off-price and closeout sourcing.
By Tatiana Walk-Morris • Feb. 27, 2024 -
Sean Gallup via Getty Images
Aerospace players form coalition to strengthen supply chain integrity
Members, such as Boeing and Airbus, formed the group after a supplier was caught selling unapproved parts.
By Kelly Stroh • Feb. 26, 2024 -
Courtesy of Nouveau Monde Graphite
Panasonic Energy fortifies battery supply chain with new graphite deal
Nouveau Monde Graphite will supply the battery maker with 18,000 tons a year of the material from its mine in Quebec.
By Kate Magill • Feb. 23, 2024 -
Kaarin Vembar/Supply Chain Dive
Walmart hits supplier emissions goal 6 years early
The retailer’s vendors have already reported enough projects to fulfill Project Gigaton’s target of cutting 1 billion metric tons of greenhouse gases from its supply chain.
By Ben Unglesbee • Feb. 23, 2024 -
Courtesy of Walmart via Businesswire
Walmart deepens India sourcing after spending $30B in the country
The retailer recently hosted a supplier summit in New Delhi to hear pitches that could lead to sales through the retailer or its third-party marketplace.
By Ben Unglesbee • Feb. 22, 2024 -
Alfio Manciagli via Getty Images
TBC’s first chief supply chain officer will help company leverage tech, data
The automotive tire distributor appointed Chris Stearman to manage its end-to-end operations, including manufacturing, distribution and procurement.
By Kelly Stroh • Feb. 22, 2024 -
Katie Pyzyk/Supply Chain Dive
FTC probes role of wholesalers, purchasing groups in drug shortages
The agency issued a request for information scrutinizing “the practices of opaque drug middlemen,” Federal Trade Commission Chair Lina Khan said.
By Ben Unglesbee • Feb. 21, 2024 -
Daphne Howland/Supply Chain Dive
Under Armour inventory ticks closer to normal as freight, supply costs fall
The sportswear brand — finally — posted a decline in stock levels while executives said it has worked with vendors to lower product costs.
By Ben Unglesbee • Feb. 20, 2024 -
Courtesy of LG Energy Solution
LG Energy Solution, WesCEF expand lithium supply deal
The partnership will supply the battery maker's North American manufacturing sites and produce more IRA-compliant vehicles.
By Kate Magill • Feb. 16, 2024 -
HJBC via Getty Images
Accenture to acquire procurement consultancy Insight Sourcing
The consulting giant sees an opportunity to help private equity firms tackle management of spend, cost and suppliers across their portfolios.
By Ben Unglesbee • Feb. 15, 2024 -
Scott Olson via Getty Images
Cocoa supply issues could lead to smaller chocolate bar sizes: expert
Producers may experiment with new product formulations to avoid recent heavy price hikes on chocolates.
By Chris Casey • Feb. 15, 2024 -
Courtesy of SSOE Group.
Panasonic, Novonix sign synthetic graphite supply deal
The deal will help the battery maker as it launches its Kansas factory, which is expected to supply automakers like Tesla and Mazda.
By Kate Magill • Feb. 13, 2024 -
Courtesy of Zulily
Online retailer Zulily’s inventory is up for sale as it winds down
After throwing in the towel in December, the struggling e-tailer’s remaining products — $85 million worth — are being liquidated along with warehouse equipment.
By Ben Unglesbee • Feb. 12, 2024 -
Sean Gallup via Getty Images
EU passes law to bolster clean energy supply chains
The European Commission's Net-Zero Industry Act trails similar actions by U.S. legislators to prop up manufacturing.
By Lamar Johnson • Feb. 12, 2024 -
Courtesy of the National Transportation Safety Board.
Boeing to increase supply chain inspections after plane door blowout
Bolts that should have kept a blown-out door panel in place were removed and not replaced during repairs, a National Transportation Safety Board report found.
By Sara Samora • Feb. 9, 2024 -
Courtesy of The Howard Hughes Corp.
NYC has struggled for years to pay its suppliers on time — and it’s getting worse
The city was late on registering 77% of its contracts in the first half of its fiscal year, leading to long payment delays and financial issues for contractors.
By Ben Unglesbee • Feb. 8, 2024 -
Justin Sullivan via Getty Images
Surging cocoa prices could lead to Valentine’s Day sticker shock
Supply remains scarce due to heavy rains and the spread of black pod disease in West Africa, according to a recent CoBank report.
By Sarah Zimmerman • Feb. 8, 2024 -
Edwin Lopez/Supply Chain Dive
Foot Locker COO names 4 skills crucial to supply chain leaders
Global awareness was one skill Elliott Rodgers highlighted during remarks at Manifest Vegas 2024.
By Edwin Lopez • Feb. 7, 2024 -
Courtesy of General Motors
GM, LG Chem ink $19B cathode material supply deal
The South Korea-based chemical maker will supply the automaker with enough CAM to power 5 million EVs.
By Ben Unglesbee • Feb. 7, 2024 -
Chung Sung-Jun via Getty Images
Upcoming Indo-Pacific trade deal adds to US supply chain priorities
Meant to boost collaboration and resiliency, the agreement's member countries will make their picks for key committees in the coming months.
By Ben Unglesbee • Feb. 7, 2024 -
Courtesy of Dollar General
Dollar General taps AI to optimize produce ordering
The retailer has partnered with software company Shelf Engine to boost ordering, efficiency and in-stock levels of fresh foods.
By Ben Unglesbee • Feb. 6, 2024 -
Courtesy of Hormel Foods
Hormel Foods names new supply chain executive
Steve Lykken will take over as group vice president of supply chain, replacing the retiring Mark Coffey.
By Alejandra Salgado • Feb. 2, 2024
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