Should companies be focusing efforts on sourcing and producing American-made goods? A new survey of American shoppers points to no, at least if it means the cost of doing so will hike up the price of the end product. As much as shoppers say they are interested in where and how the products they buy are made, a new poll by The Associated Press and GFK shows there may be a limit for how much conscious consumers care.
Category Archives: Supply Chain
Spend Matters welcomes this guest post from Helen Sabell, of the College for Adult Learning.
An outstanding supply chain professional will shape the function of a business. A pioneer of the supply chain will do that and more, driving real change in the wider industry. Logistics and supply chain is a rapidly growing sector that must be led by innovative thinkers in order to compete with international advancements.
IBM's Business Value Institute has recognized "risk" as one of the six mega trends having an impact on shaping the global economy both today and in the future. Are you prepared? Even more, how are you prepared? Join us Wednesday, May 4, at 10 a.m. CDT, for Are You Acting or Reacting? Lessons in Global Supply Chain Risk from IBM.
Levi Strauss & Co, H&M and Inditex, which owns the popular brand Zara, rank the highest among fashion brands when it comes to supply chain transparency, according to a new report published by the Ethical Consumer in partnership with Fashion Revolution. The Fashion Transparency Index scored fashion companies according to how well they publicly communicate their supply chain sustainability initiatives.
Consumer Goods Companies Lack Supply Chain Visibility, Unable to Assess Environmental, Social Impacts of Products
The majority of consumer goods manufacturers lack visibility into their supply chains and are unable to truly track sustainability practices or identify problem areas such as possible deforestation and forced labor, a new report from The Sustainability Consortium (TSC) shows. The group’s 2016 Impact Report stated that of the 1,700 companies surveyed, only 19% indicated they had full supply chain transparency. Twenty-seven percent said they had partial visibility into their supply chain and 54% had no supply chain visibility.
The mosquito-spread Zika virus, which leads to birth defects in babies, has infected about 388 people in the Unites States and many more in South America, where the current outbreak is largely focused. Additionally, an estimated 2.2 billion people around the globe are at risk of contracting the virus, as they live in places where the mosquitos passing the virus can survive. But the Zika virus is more than a public health emergency — it’s a potential risk for businesses and their supply chains.
The earthquakes and aftershocks that have hit Japan in recent weeks have caused significant supply chain disruptions. While companies cannot completely predict natural disasters, they can and must position themselves to be able to respond when one occurs, risk management experts say. A key part of setting up a strong risk management program is having access to information that provides a high level of visibility over what is happening in your supply chain.
Retailers are increasingly establishing an integrated demand planning process that better forecasts demands across the channels through which they sell products. A new report from Auburn University’s Center for Supply Chain Innovation states that while retailers have historically forecasted demand for in-store and online channels separately, more retail supply chain executives are using, developing or considering applying a more integrated approach.
The recent earthquakes in Japan have disrupted supply chains across several industries, including major auto manufacturers and electronics suppliers that have shut down operations in the country. A magnitude-6.4 quake first hit near Kumamoto, Japan, late last week with a magnitude-7.3 quake following two days later. The two quakes were the biggest to hit the country since 2011 and killed more than 40 people.
IBM's Business Value Institute has recognized risk as one of the six mega trends shaping the global economy today and into the future. That being said, procurement professionals have to successfully uncover, assess and mitigate risk. Join us for Are You Acting or Reacting? Lessons in Global Supply Chain Risk from IBM on Wednesday, May 4 at 10 a.m. CDT, featuring Lou Ferretti, project executive, product environmental compliance and supply chain social responsibility at IBM.
If you’re like me, you get overwhelmed by the various jargon that gets thrown around and would like an easy way to sift through the clutter. Well, today, I’m going to offer procurement and supply chain professionals a metaphor for understanding one area in the supply chain — supply chain risk. In particular, the terms resiliency and agility are thrown around quite a bit. The same with goes with older terms such as risk prevention or mitigation.
Consumers today are demanding more information than ever before on the food they buy and eat. It’s not a new phenomenon, but it’s an important point for food companies and retailers to take note of, especially as they compete for customers’ dollars and loyalty. A new report, however, has shown nearly two-thirds of consumers don’t think food companies are transparent enough — they want more food production information than they are finding at the grocery store.