Afternoon Coffee: Tazreen Factory Fire, Smoking Spend, IKEA in India, Procurement Transformation
“Calls made to The Walt Disney Company and to Sears Holdings were not immediately returned.”
Sears, Disney, Wal-Mart used factory in fatal fire — Clothing and order books found at a Bangladeshi factory where a fire killed 112 people show that it was making clothing for Disney, Wal-Mart, Sears and other Western brands.
Damned if you do…damned if you don’t.
Fewer Smokers Means Higher Taxpayer Costs, Study Finds — while cutting the number of smokers trims government outlays over the short run, the increased longevity and higher end-of-life expenses of non-smokers eventually would cost taxpayers tens of billions of dollars more from Medicare and Social Security.
“The company proposes to have two separate arms – one for front-end stores and another for sourcing.”
FDI in retail: Stringent sourcing norms may add to IKEA’s woes — Swedish furniture major IKEA’s India plans may face a fresh jolt as the government is planning to impose stringent conditions to ensure the retailer follows proper sourcing norms and does not rely on cheaper imports from other countries, a government official familiar with the development told ET.
Over on Spend Matters UK/Europe…
Three high-level principles for Procurement Transformation — We asked a couple of weeks back – just what is procurement transformation? Is it something real and meaningful, or just consulting nonsense. After our original piece, and the excellent comments we had (thanks again to everyone who chipped in), I’ve come away with three rules, criteria, factors, whatever we want to call them.