Procurement: Page 72
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KFC meets with developers to explore plant-based poultry
The major hold up for companies wanting to source plant-based poultry is heavy hitters like Impossible Foods or Beyond Meat simply haven't invented it yet.
By Lauren Manning • June 6, 2019 -
Report: 35% of procurement execs expect trade risks to hike sourcing costs
Companies are dealing with the uncertainty surrounding trade by reviewing internal controls and procedures, forecasting prices using simulations and looking for new suppliers.
By Matt Leonard • June 6, 2019 -
Explore the Trendline➔
Sean Gallup via Getty ImagesTrendlineInventory Management
Read how retailers and brand manufactures are rethinking inventory management.
By Supply Chain Dive staff -
Tariffs could raise prices up to $25 at Ugg, Calvin Klein
Apparel brands that were safe from the Trump administration's tariff increases now find themselves highly exposed to the proposed tranche four tariffs, which include apparel, leather and textiles.
By Morgan Forde • June 5, 2019 -
At 1-800-Flowers, IT strategy and vendor sharing decided by council
CIO Arnold Leap views individual brands as a portfolio of customers who "have a slightly different view of the world."
By Samantha Schwartz • June 5, 2019 -
Off-price retailers emerge as rare winners in trade war
Any business that can capitalize on uncertainty is sure to fair well in the midst of a global trade war. Burlington, Ross and TJX are able to do just that.
By Emma Cosgrove • June 5, 2019 -
Williams-Sonoma will halve China sourcing in the next year
The retailer made 2019 forecasts anticipating a jump from 10% to 25% on list three tariffs and "unfortunately, our pessimism turned out to be true," said CFO Julie Whalen on a recent earnings call.
By Emma Cosgrove • June 4, 2019 -
Mexico tariffs could cost Chipotle $15M
CFO Jack Hartung told CNBC that if tariffs, which could go as high as 25%, become permanent, the restaurant would have to consider increasing menu prices.
By Julie Littman • June 3, 2019 -
Dollar stores prepare to pass on new tariffs to shoppers
On recent earnings calls, both retailers touted their teams' ability to mitigate list three tariffs, even after the increase from 10% to 25% on May 10. But list four is another story.
By Emma Cosgrove • June 3, 2019 -
US announces tariffs on all imports from Mexico starting June 10
Tariffs on Mexico throw a wrench into what seemed to be smooth sailing for ratification of the USMCA.
By Shefali Kapadia • Updated May 31, 2019 -
SRM 101: Using people to unlock value
Supplier Relationship Management places the focus on how suppliers and buyers can work more closely during the entire lifecycle of a product.
By Craig Guillot • May 30, 2019 -
Report: Progress on reducing child labor stalls in manufacturing hubs
A Verisk Maplecroft report reveals global progress on eliminating child labor has generally stalled, and the practice is even on the rise in the world's key manufacturing centers including China, India, Somalia and Venezuela.
By Morgan Forde • May 30, 2019 -
Dick's CEO: Impact of new tariffs unknown despite tranche 4 exposure
Assuming the implementation of tranche four, Dick's total tariff exposure will go from 5% of inventory to 38%, according to a J.P. Morgan analysis.
By Emma Cosgrove • May 30, 2019 -
New tariffs could imperil Best Buy, Dick's and Bed Bath & Beyond
J.P. Morgan looks at which retailers would lose the most in a "disaster" scenario after the Trump Administration's latest trade salvos.
By Ben Unglesbee • May 29, 2019 -
Tesla supplier sues for alleged $1.8M in unpaid bills
This lawsuit adds to the suspicion among suppliers that Tesla's cash flow issues will get in the way of their pay.
By Emma Cosgrove • May 29, 2019 -
Nestlé streamlines procurement, manufacturing to save $1B
At a time when many global CPG players are shedding lines of business in the name of efficiency, Nestlé is opting to do the dirty work of streamlining its massive multinational operation.
By Emma Cosgrove • May 29, 2019 -
Estée Lauder to work with 1K farmers on palm oil cultivation
Working directly with the farms will allow Estée Lauder to form a relationship with the suppliers at the base of the palm oil supply chain.
By Matt Leonard • May 29, 2019 -
Opinion
No one gets out of this trade war
In an exclusive op-ed for Supply Chain Dive, A.T. Kearney's Jim Singer and Johan Gott outline the dangers of waiting to address tariff risk and the steps all businesses should begin taking today.
By Jim Singer and Johan Gott • May 24, 2019 -
Best Buy 'actively engaged' as US seeks input on list 4 tariffs
The company is focused on being a part of the discussion about proposed tariffs on $300 billion in Chinese imports, not on forecasting its impact, executives said on an earnings call this week.
By Matt Leonard • May 24, 2019 -
Column
I am a vendor defender — and proud
In a daily meeting at my manufacturing company, I received an unintended compliment that ended up defining my career.
By Rich Weissman • May 23, 2019 -
Bangladesh factory oversight to transition to new council, prompting union concerns
Some union members worry this new agreement will put too much power in the hands of factory owners and result in more of the safety issues the Accord was initially created to avoid.
By Matt Leonard • May 23, 2019 -
Kohl's prepares for diminishing gross margins amid tariff hike
CEO Michelle Gass described the situation as "fluid," encapsulating the near-universal struggle for retailers importing products from China — the lack of certainty in the trade landscape.
By Shefali Kapadia • May 22, 2019 -
Nike, Adidas and others call on Trump to remove footwear from tariff list
In an open letter posted by the Footwear Distributors and Retailers of America, footwear brands called tranche four tariffs "catastrophic" and estimated a $7 billion annual impact on consumers.
By Matt Leonard • May 21, 2019 -
LVMH creates blockchain platform to track luxury goods
The move comes as more consumers turn to resale for authentic, high-end goods at affordable prices.
By Tatiana Walk-Morris • May 20, 2019 -
US lifts steel, aluminum tariffs on Canada, Mexico
The 25% tariffs on Canadian and Mexican steel and 10% on aluminum, in place since March 2018, were major barriers to the ratification of the United States, Mexico and Canada Agreement (USMCA).
By Emma Cosgrove • Updated May 17, 2019 -
Tranche 4 shakes up apparel and footwear supply chains after escaping earlier tariffs
China is currently the United States’ largest supplier of textiles and apparel, accounting for nearly 36% of total imports in 2017 according to the World Bank.
By Morgan Forde • May 16, 2019