Getting ready for Commodity Edge!
Free Report on Commodity Volatility -- We here at MetalMiner and Spend Matters have selected some of what we think are the most helpful posts and articles tackling the subject of commodity volatility. This compendium serves as a companion piece to our upcoming Commodity Edge: Sourcing Intelligence for the New Normal conference to be hold March 19 and 20 in Chicago. Participants will also learn ways to manage the P&L, create longer forward-price visibility, reduce risk and ensure ongoing continuity of supply.
Scarcity of Women Leads Men to Spend More, Save Less -- To test their theory that the sex ratio affects economic decisions, the researchers had participants read news articles that described their local population as having more men or more women. They were then asked to indicate how much money they would save each month from a paycheck, as well as how much they would borrow with credit cards for immediate expenditures. When led to believe women were scarce, the savings rates for men decreased by 42 percent. Men were also willing to borrow 84 percent more money each month.
What's going to happen when Trotter's closes?
Chicago Has Half Of The 10 Most Expensive Restaurants In America -- The website Bundle.com analyzed spending data to determine the 25 most expensive restaurants in America. What has us and others talking is that five of Chicago's restaurants are in the top 10. Leading the charge, unsurprisingly, is Alinea, with an average check total of $736. That places Grant Achatz's restaurant at fourth on the list. Charlie Trotter's is right behind Alinea with an unholy average check of $666. Rounding out the top ten are Tru and Les Nomades ($558 each) and Everest ($546).
Supply chain: Tsunami, floods and storms move logistics up the agenda -- The question is how quickly the new concerns will produce an anticipated shift of some manufacturing activity away from Asia towards Turkey, Mexico or other low-cost countries that will allow manufacturers and retailers to shorten their supply chains. Mark Parsons, a senior executive in the UK and Ireland supply chain business of DHL, the logistics operator, says supply chain risk - which senior executives never used to raise as a concern - is now a regular topic of conversation with top-level managers. The only question is how quickly that concern converts itself into real changes in sourcing patterns.