Omnicom-Publicis Merger is Off, CIPS Supply Chain Risk Index, USDA Investigating “Personnel Issues”
Omnicom Group and Publicis Groupe have called off their planned $35-billion merger due to work culture differences and tax and regulatory problems.
The Chartered Institute of Purchasing and Supply’s new quarterly risk index, which backdates to 1994, puts today’s supply chain risk score at 79.8, compared to 23.7 in 1994.
The U.S. Department of Agriculture is investigating “personnel issues” that may have contributed to the California slaughterhouse Rancho Feeding Corporation’s 9-million-pound beef recall in February.
The U.S. is reportedly ready to join a six-nation alliance to fight multinational corporations shirking taxes. The alliance, an Australian initiative, also includes Britain, China, Japan, and – according to corporate taxation experts – either Germany or France.