Spend Matters Friday Latte

Nestle in trouble.
Nestle 'failing' on child labour abuse, says FLA report -- The food company Nestle has been accused of failing to carry out checks on child labour and other abuses in part of its cocoa supply chain. A report by an independent auditor, the Fair Labor Association (FLA), says it found "multiple serious violations" of the company's own supplier code. The code includes clauses on child labour, safety and working hours.

Establishing a "skills supply chain."
The role of university careers services in the skills supply chain -- The recent review of business-university collaboration led by Prof Tim Wilson recommends that every full-time undergraduate student should have the opportunity to experience a structured, university-approved, undergraduate internship during their study. Furthermore, university careers services and their local enterprise partnership (LEP) should collaborate to establish a "skills supply chain" between universities and local businesses, integrating placements, internships and employment services. Many university career services are already engaged in this work; it is the apparent unevenness of the provision across the higher education landscape that has prompted the recommendations.

Pentagon to go on spending diet?
Pentagon's Bloated Supply Chain Targeted for Savings -- The U.S. military buys, stores and maintains supply stocks that it does not need. It operates too many warehouses that have questionable utility. And it often overpays for goods that can be purchased for less at regular retailers. In Pentagon lingo, these are the "back end" costs of military operations that have risen unchecked for decades. The Willie Sutton principle applies to defense logistics: It's where the money is. A report by Deloitte Consulting LLP estimated that yearly military spending on maintenance of equipment, with associated supplies and transportation, is upwards of $150 billion -- about $80 billion for weapons upkeep and $70 billion for supplies and spare parts. The officer who oversees a major portion of the Pentagon's logistics business says there is no easy way to control these runaway costs.

The Great Bambino of lies...
Man Faces Prison for Selling Glove With Babe Ruth Lie -- The offer was extraordinary: A baseball mitt once owned by Babe Ruth was being offered by a memorabilia broker in Nevada. But the mitt had an even richer history, its owner wrote; in 1944, the Babe had given the glove to his close friend Robert Young, the Hollywood star, who had kept it in his private collection for more than 68 years. Ruth told the actor that he so prized the glove that "he slept with it under his pillow at the orphanage," St. Mary's, where he had been placed as a child, the mitt's owner said. The broker was offering the mitt for sale on behalf of the owner -- the husband of a granddaughter of Mr. Young, the complaint says.

- Sheena Moore

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