The World Trade Category

What Worries Procurement Professionals the Most? Trade Comes Out on Top

trade

Global trade disputes. Automation and job losses. Immigration policies. Which of these three worry procurement the most? In a survey of 200 procurement professionals recently conducted by Beroe Inc., 55% of the respondents cited trade squabbles as their top concern, reflecting broader anxieties about current political and economic uncertainty.

Japan: High Employee Bonuses in Manufacturing Until Inflation Picks Up

Spend Matters welcomes this guest contribution from Irene Lauro, senior economist at IHS Markit.

In Japan, labor shortages and rising productivity are not leading companies to increase ordinary wages. Signs of a Japanese economic recovery have started to appear in rising corporate profits and falling unemployment. A meaningful pickup in wage growth, however, is not in the cards, as corporates are reluctant to lift ordinary earnings because of uncertainty about the economic outlook.

On the Future of Direct Procurement Tech: An Interview with Dan Willmer, VP Sales and Operations at Jaggaer

Today we present another installment from our ongoing series exploring where manufacturing procurement technology is headed. Produced in collaboration with our sister site MetalMiner, these interviews feature questions from Spend Matters Founder Jason Busch posed to multiple experts at technology vendors on topics such as the current direct procurement renaissance, the increasing centralization of procurement departments, the volatile commodity environment and more. The most recent interview, published earlier Tuesday on MetalMiner, features Dan Willmer, vice president of sales and operations at Jaggaer.

Don’t Lose Your Shirt: American Apathy to Reshoring

Made in USA

Spend Matters welcomes this guest post from Oliver Everhard, an associate with GEP.

For decades, conventional wisdom has said that anything you can manufacture offshore — in particular, less skill-intensive products like clothing — will end up costing your company less. From a cost perspective alone, this is likely true. Yet “reshoring” — the process of bringing manufacturing back into the United States — has become an increasingly popular option for American companies.

Verisk Maplecroft Releases Latest Geopolitical Risk Outlook: Keep An Eye on Emerging Markets

risk

Emmanuel Macron’s win in the French presidential election was a temporary boon for geopolitical stability, as was Moon Jae-in’s election as the new president of South Korea. U.S. president Donald Trump, however, has managed to become even more of a wildcard. In addition to the above, many emerging markets are at risk of growing instability, according to global risk research firm Verisk Maplecroft, which recently released its 2017 Geopolitical Risk Outlook.

David Cameron at ISM: Heartfelt, Candid and Relevant

Earlier Tuesday, former U.K. Prime Minister David Cameron gave the keynote address at ISM. I tried to live tweet some of his more memorable statements (see the highlights below or the full summary @jasondbusch). Cameron’s was a heartfelt, candid and relevant talk — his first since leaving office to such a crowd, apparently — by a still young politician with a deft rhetorical touch.

ISM 2017: Highlights from David Cameron’s Keynote

The Tuesday session of ISM’s annual event kicked off with a keynote from David Cameron, former prime minister of the United Kingdom. In a speech covering various geopolitical and public policy issues, Cameron explored how the forces of globalization, automation and the environment are changing global business and the supply chain. Missed the speech? Check out some of the more quotable quotes Cameron’s keynote below, including his advice for U.S. President Donald Trump.

Navigating Uncertainty: Pool4Tool’s Roger Blumberg on Where Manufacturing Procurement Technology is Headed

Toyota supply chain

Last week we featured a new interview series focused on the technology renaissance coming to direct materials procurement. In collaboration with our sister site MetalMiner, Spend Matters Founder Jason Busch questioned procurement technology leaders and experts on the reasons this renaissance has begun, as well as how procurement and supply chain professionals are using technology to navigate volatile global trade trends. This interview features Roger Blumberg, chief commercial officer at Pool4Tool, which works with leading manufacturers such as Miele, Swiss Steel and Tower Automotive.

Ethiopia’s Apparel Sector Beset By Land Disputes and Labor Risks, New Research Finds

apparel

As a sourcing destination for apparel companies, Ethiopia can hardly be called up-and-coming anymore. Since 2013, East Africa — and Ethiopia in particular — has been on the radar of apparel companies seeking low-cost manufacturing labor. New research from global risk consulting firm Verisk Maplecroft, however, suggests that Ethiopia’s apparel sector is likely to face significant risks in the near future, from land disputes to human rights concerns to political protests and instability.

Where is Manufacturing Procurement Technology Headed? An Interview with Keith Baranowski, Global Vice President and GM, Direct Materials Sourcing, SAP Ariba

manufacturing

Our sister site MetalMiner recently started a series of interviews with a range of experts at technology vendors. This interview features Keith Baranowski, global vice president and GM, Direct Materials Sourcing, SAP Ariba, which works with leading manufacturers such as Ford, Microsoft and Johnson & Johnson.

Where Manufacturing Procurement Technology is Headed: A New Interview Series

manufacturing

Why have procurement technology vendors initiated a “direct procurement” renaissance, and what changes within manufacturers have started to make this possible? This line of questioning forms the backbone of a new interview series over on our sister site MetalMiner, in which Spend Matters Founder Jason Busch questions multiple experts at technology vendors on these and related topics.

Week in Metals: New Steel Imports Probe Will Be Based on National Security

Chinese demand

Another investigation and analysis of cheap steel imports coming to the U.S. was ordered yesterday by President Donald Trump. The Commerce Department will recommend to Trump whether or not to invoke Section 232 of the Trade Expansion Act of 1962, an action that would treat dumped steel imports as a threat to national security. The Week in Metals brings you the latest in procurement and supply chain news from our sister site MetalMiner.