World Trade Content

Commodities Roundup: Iron Ore Prices, Steel Demand and Steel Capacity Utilization

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. We scour the landscape for what matters — from price movements to policy decisions. This week: iron ore prices, Norway aluminum maker Norsk Hydro upgrading, updates on U.S. steel.

Procurement Technology, Digitization Can Blunt Economic Headwinds, GEP Report Says

Although global GDP grew a healthy 3.1% in 2018, the year finished with a rocky fourth quarter. Against this backdrop, GEP has released its 2019 Procurement and Supply Chain Management Outlook, which predicts a tough business climate ahead, but one that can be addressed with advances in procurement technology.

At ISM 2019, Janet Yellen and Carly Fiorina See the Supply Chain as a Force for Change

Supply chains get the spotlight at ISM conventions, of course, but businesswoman Carly Fiorina and former Fed Chair Janet Yellen put them in perspective, giving them credit for driving change, addressing tariffs and uncertain trade policies, as well as keeping inflation at bay. On Tuesday at ISM 2019 in Houston, Yellen discussed global economic issues, had an upbeat outlook ("I see a decent year this year; I don’t see a recession”) and said the work of supply chain professionals can drive down inflation, which is key to maintaining growing economies. Fiorina spoke Monday about leadership and how supply chain teams can drive change for their companies.

Commodities Roundup: Excess Steel Policy, Rio Tinto’s Force Majeure, Shipping Costs Rise, Auto Sales Slump

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. This week: Excess steel policy, Rio Tinto hit by cyclone, shipping costs rise, auto sales fall and the industry faces headwinds.

Commodities Roundup: U.S. Mining, Toyota Invests in U.S., Oil Prices

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. This week: U.S. Mining, Toyota Invests in U.S., Oil Prices

After EcoVadis’ Sustain 2019: Product Strategy, Roadmap and Prospect/Customer Analysis (Part 3) [PRO]

EcoVadis, which provides vendor ratings and scorecarding for sustainability and broader CSR metrics as a component of an integrated “many-to-many” supplier network and platform, has an aggressive product roadmap to expand how users interact with and leverage the supplier intelligence, which is at the very core of its value proposition.

Today, in this final installment in this Spend Matters’ PRO series based on our analysis from the EcoVadis Sustain 2019 customer event, we turn our attention to the future direction of where EcoVadis is expanding its capabilities. We also include customer/prospect recommendations.

In previous Spend Matters PRO coverage on EcoVadis, we offered a recap and update on the provider’s most recent capabilities and solution footprint — and an analysis of where EcoVadis fits in the broader supplier management and supply chain risk management landscape.

Commodities Roundup: February Price Surges, USTR Releases 2019 Trade Policy Agenda, Steel Capacity Hits 81.1%

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. This week: Metal prices rise, steel utilization is up; Brexit fallout still looming.

Trade War or No, Local Sourcing with Maker-to-User Model has Advantages

sourcing operations

Spend Matters welcomes this guest post from Jason Middleton, Ray Products vice president of sales and development.

Our trade deficit with China surpassed $301 billion in 2018 — and it’s no mystery why. Thanks to cheap labor and fewer regulations there, it tends to be more cost-effective to have “Made in China” stamped on your product than it is to have “Made in America.”

In the last year, however, the trade war has prompted many companies to re-evaluate their outsourcing practices and consider a “maker-to-user” model of sourcing locally. With the U.S. imposing approximately $250 billion in tariffs on Chinese imports, it’s simply no longer cost-effective to source products and materials from China.

Afternoon Coffee: Tariff Delay Boosts Stocks; Barrick Gold Bids $18 Billion for Mining Rival Newmont

The March deadline to raise tariffs against China has been delayed, lifting stocks on the hopes that the U.S.-China trade deal is making progress, the Associated Press reports. On Monday, Trump also said oil costs were too high, and the price fell later in the day, CNBC reports. And Barrick Gold Corp. has made a $17.85 billion bid to buy Newmont Mining Corp. and create the world’s largest gold mining operation, The Wall Street Journal reports. Afternoon Coffee brings you the latest procurement and supply chain news.

Commodities Roundup: eBikes, Iron Ore Tightness and the Section 232 Auto Probe

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. This week: eBikes, iron ore, cobalt and possible tariffs on imported cars.

The CPO’s Conundrum (Part 1B): How Outside-In Issues are Shaping the Course of Procurement [PRO]

As we noted in yesterday’s Spend Matters PRO article, if you were to ask a roomful of CPOs what was their top concern was, for this year or even the coming decade, chances are the majority would lead with cost management and supply assurance. And while this makes sense, supply assurance and cost reduction are just two of a host of broader issues that are being pushed to the front of mind for today’s CPOs. So we are dedicating a series to the broad scope of issues that the modern CPO must face, starting with an overview of how they break out in the common PESTLE framework. Yesterday we addressed the “PES” — Political, Economic and Social — and today we will address the “TLE” — Technological, Legal and Environmental.

Commodities Roundup: EU Steel Quotas, a Mid-January Review and More Brexit Drama

Brexit

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, we scour the landscape for what matters. This week: EU imposes steel quotas, mid-January review of metal prices, a new auto alliance and the Brexit deal goes bust, giving way to more uncertainty.