Sporty Spend Matters!
Congratulations to Jason and Bri for successfully completing the Chicago Marathon and to Sheena for rowing 13.1 this weekend!
"...expenditure for exploration and production in 2012 was $641bn, up from $586bn in 2011."
Exploration costs: Supply chain and price pressures haunt majors -- The bogeyman of rapidly rising industry costs has returned to haunt the western oil majors. Cost inflation was a big issue for oil companies four years ago, when the price of crude rose to an all-time high of $147 a barrel and the cost of goods and services in the resources industry increased in lockstep. The majors responded with aggressive cost-cutting campaigns, and seemed to have slain the demon. But now it is back. Labour shortages, the rising cost of inputs and sky-high leasing rates for deepwater rigs are all conspiring to increase cost pressures in an overheated market.
PepsiCo's Over-Zealous Procurement Staff Is Strangling Adspend -- At the beginning of this year, when PepsiCo CEO Indra Nooyi approved a $500 - $600 million boost to the company's ad budgets, the news should have been greeted with joy by the ad agencies handling the company's various brands: It's a rare day when a client adds half a billion dollars in spending at the stroke of a pen.
But a source tells us that the extra media muscle is withering as PepsiCo's procurement executives -- who are tasked with ensuring the company gets value for its ad dollars -- stamp out spending that already received the approval of the managers in charge of the brands.
Be sure to really know your suppliers.
Botulism Outbreak Tied To Contaminated Prison Hooch -- Behind bars, nothing says party quite like "pruno." Pruno is a kind of homebrew made from whatever prisoners can get their hands on. Some fruit, a little water and sugar are usually enough to make alcohol-producing yeast happy. But it seems a baked potato saved for weeks before it was added to a pruno batch last year at a Utah prison caused the second-largest botulism outbreak in the U.S. since 2006.