Kraft Heinz CEO faces post-procurement-scandal cleanup; Apple Inc. makes case against China tariffs

Kraft Heinz’s stock hit an all-time low last week, showing that new CEO Miguel Patricio has a long road ahead to right the ship after the internal investigation into the company's procurement scandal was completed earlier this summer. The “fiasco showed cracks in foundational procurement processes that not only went on among lower-level procurement staff, but were not identified at any process checkpoints,” according to Supply Chain Dive. On a recent earnings call, CFO David Knopf outlined that the company is working to lock down its processes for the future.

Will U.S re-think China tariffs after Apple Inc. makes a case against it?

A dinner conversation between President Donald Trump and Apple CEO Tim Cook – on tariffs and Apple’s South Korean competitor Samsung, may lead to a re-think. Trump told reporters Sunday that Cook had made a “good case” when he told the U.S. President that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in South Korea. (Hopefully the president got Cook’s last name correct this time.)

U.S.-bound waterborne shipments up in July

Despite trade wars and increased tariffs, U.S.-bound water shipments were up in July for the third time in the last four months. Data released by global trade intelligence firm Panjiva said July shipments, at about 1.12 million, posted a 1.5% annual gain, and on a year-to-date basis, shipments through July – at 7.1 million –are up 0.1% compared to the same period in 2018.

General Mills to reduce pesticide in supply chain

U.S. multinational General Mills has announced its intention of reducing the use of synthetic pesticides on supplier farms. In its voluntary program, the company also outlines specific ways it will measure progress in its pesticide reduction goals, particularly for farmers participating in its new regenerative agriculture initiative.

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