Procurement
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Wholesalers concur: Retailers are not open to sharing the tariff burden
"Nobody wants to accept a price increase from the person below them in a supply chain," AAFA EVP Steve Lamar said at the Sourcing Journal Summit in New York City.
By Emma Cosgrove • Oct. 22, 2019 -
CMA CGM offers financing, extended payment deadlines for shippers
The French carrier seeks to offer financial relief in the form of improved cash flow to companies working to mitigate the instability of the current trade environment.
By Morgan Forde • Oct. 22, 2019 -
McKinsey: Sustainable supply chains are 5 years away
While the impetus for change is largely consumer-driven, the burden of the transition will fall squarely on CPOs who know sustainability is a necessity, not a luxury.
By Deborah Barrington • Oct. 17, 2019 -
Opinion3 ways to fight the 21st century procurement paradox
While analytics improvements have helped organize data, they haven't always done much for the people buying, selling and managing inventory every day.
By Richard Lebovitz, CEO of LeanDNA • Oct. 17, 2019 -
IBM Food Trust partners with Raw Seafoods to tackle traceability with blockchain
Upstream visibility in the seafood supply chain is particularly challenging because the location and size of a catch can vary widely from day to day.
By Morgan Forde • Oct. 17, 2019 -
How rolling forecasts can offer greater control over spend
A rolling forecast can help companies grab savings mid-cycle if expenses or revenues change.
By Robert Freedman • Oct. 16, 2019 -
Just-in-time manufacturing success requires the right KPIs and suppliers
Differentiation is critical in a world where JIT is no longer a novelty and margins are razor thin.
By Amanda Loudin • Oct. 15, 2019 -
Suppliers lay off thousands as GM strike cascades through supply chain
When the strike ends, General Motors will have to figure out dealerships' inventory needs and pass them along to suppliers.
By Matt Leonard • Oct. 14, 2019 -
Trump calls off Oct. 15 tariff increases
China has, in turn, agreed to buy between $40 billion and $50 billion in U.S. farm products, according to the Associated Press.
By Matt Leonard • Oct. 11, 2019 -
REI expands online selection with dropshipping
Danner, ECCO and Salomon are among the first brands to participate by shipping orders directly to customers.
By Lisa Rowan • Oct. 11, 2019 -
Fitbit to move 'effectively all' production out of China
CFO Ron Kisling said the company has been working on finding alternatives to China since 2018 in response to the U.S.-China trade war and tariffs.
By Emma Cosgrove • Oct. 11, 2019 -
A buyer's guide to effective supplier visits
Plant tours help procurement professionals assess supplier performance and can offer an opportunity for cost reduction.
By Rich Weissman • Oct. 10, 2019 -
Importers ramp up cheese purchasing, stockpile ahead of EU tariffs
Stockpiling is one way to avoid tariffs and ensure there is enough supply to get through the months ahead, but the practice comes with drawbacks.
By Emma Cosgrove • Oct. 10, 2019 -
Gartner: RPA can save finance teams 25K working hours each year
One of the key barriers to adoption of robotic process automation is a perception of low ROI.
By Jane Thier • Oct. 10, 2019 -
Seafood consumers 'overwhelming concerned' about sourcing and sustainability
An online survey from Blue Circle Foods indicates that consumers want more transparency and traceability for the food they consume.
By Cathy Siegner • Oct. 10, 2019 -
How a 25% tariff on food and beverage from the EU will impact the US
Products to be taxed as part of a dispute about aircraft subsidies include single-malt whiskey, olives, butter, cheese and olive oil, with most coming from France, Germany, Spain and the U.K.
By Cathy Siegner • Oct. 04, 2019 -
Bed Bath & Beyond to cut $1B in inventory, hundreds of millions in cost as more stores close
The troubled home retailer will close 60 additional stores by end of the year, but executives hope inventory reduction and cost of good savings will stop the bleeding.
By Emma Cosgrove • Oct. 04, 2019 -
Amazon fights back against AAFA's 'notorious market' claims
In a letter to a U.S. Trade Representative, the e-commerce giant said it goes “well beyond” its legal obligations in fighting counterfeits.
By Ben Unglesbee , Daphne Howland • UPDATED: Oct. 16, 2019 at 10:30 a.m. -
CBP warns forced labor could be used in these 5 products
CBP's Withhold Release Orders allow the agency to detain the affected goods when imported until their legal provenance can be determined.
By Matt Leonard • Oct. 03, 2019 -
Are vertically-integrated supply chains a thing of the past? Campbell's says no.
By processing directly and working with farmers for long stretches, Campbell’s has taken control of the texture of the tomato products that go into their soups and sauces.
By Emma Cosgrove • Oct. 03, 2019 -
Tariffs on $7.5B of EU goods take effect
The new tariff rates will be limited to 10% on large civil aircraft and 25% on agricultural and other industrial products, according to USTR.
By Morgan Forde , Emma Cosgrove • UPDATED: Oct. 18, 2019 at 8 a.m. -
Automating accounts receivable could maximize efficiency, CEO says
Jared King, CEO of automated accounts receivable platform Invoiced, discusses how automating parts of the finance function can double output.
By Jane Thier • Oct. 01, 2019 -
Nestlé, P&G won't meet 2020 deforestation goals
Environmental groups and even some food companies have warned corporations would struggle to meet their goals due to difficulties in bringing transparency to palm oil supply chains.
By Emma Cosgrove • Sept. 30, 2019 -
DHL: Global trade to slow over next 3 months
DHL's Global Trade Barometer index sits at 47, indicating overall negative growth.
By Morgan Forde • Sept. 27, 2019 -
ColumnProcurement ethics: yesterday, today and tomorrow
Over the years, procurement has shed its reputation of graft, gifts and gratuities. But a decentralization of the process at many organizations could undermine ethics-related compliance.
By Rich Weissman • Sept. 26, 2019
