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What keeps supply chain execs awake at night -- From controlling costs to fretting about security, supply chain chiefs say they have plenty of worries. At a recent session of the advisory board to the University of Tennessee's Global Supply Chain Institute, senior executives -- vice presidents of supply chains and CEOs -- from 39 companies discussed major issues facing their profession. Supply chain has become a quagmire of challenges, the executives said. Although the world has become more interconnected, the complexity of the global supply chain has grown.
Patagonia takes transparency to the consumer.
Patagonia Maps Out Its Supply Chain For Even More Transparency -- Patagonia has long been a sustainability leader, and pokes its competitors in the eye with programs, from asking consumers to buy less to working with fisheries to the preservation of salmon populations while rolling out new snacks. Now the outdoor clothing and gear company is pushing supply chain transparency to a new level. Now Patagonia has released its Footprint Chronicles, one tool to help customers and stakeholders learn more about the company's global operations and suppliers. The interactive map allows visitors to click on locations of the company's textile mills and factories all over the world.
Hilton, BSR Launch Sustainable Procurement Center -- Hilton Worldwide and sustainability consultants BSR have launched a three-year initiative to help procurement professionals make more informed purchasing decisions based on the best available sustainability data and information. The Center for Sustainable Procurement, or CSP, will publish research and work with companies to integrate sustainability data into the procurement process at the product category level. The initiative will be funded by Hilton Worldwide and managed by BSR.
Why Corporate America Shrugged at the Wal-Mart Bribery Scandal -- But one group seemed decidedly less bothered by the reports of Wal-Mart's misdeeds: corporate America. In an interview with CNBC, for example, Warren Buffett brushed off the accusations against Wal-Mart as same-old, same-old; his confidence in the company had not changed a whit, he suggested. That corporate executives harbor decidedly less reverence for the FCPA than the greater public has partly to do with their own self-regard as realists who must bend the rules if they are to succeed on the world's frontiers. But it's also because recent experience has taught American executives that they have little to fear from the law: They are unlikely to be caught bribing foreign officials, and even if they are they have a strong chance of beating the rap.