The global average salary for a purchaser or supply chain management professional is $53,630, down from the 2015 average salary, according to the recent Next Level Purchasing Association 2016 salary report. The survey of more than 1,300 purchasing and supply management professionals from around the world conducted earlier this year shows some in the field are having trouble accelerating their salary growth, the report said.more ▸
Spend Matters welcomes this guest post from Cristian Niculescu-Marcu, senior economist at IHS.
Despite a lackluster global economy and some worrying manufacturing sector signals coming from China and the U.S., growing seasonal strength is providing support to energy prices as they rally from January's multi-year lows. IHS anticipates that global liquids demand will rise by about 1.2 MMb/d in 2016 — growth that, while less than last year’s, is nonetheless key to reducing the world's crude oil supply overhang.
Afternoon Coffee: Carmakers Add 12M Vehicles to Takata Recall, Slow GDP Growth Seen in First Quarter
Eight carmakers including Honda and Fiat are recalling more than 12 million U.S. vehicles due to defective Takata airbags. This new round of recalls is focused on the passenger-side air bag inflators. And U.S. GDP rose 0.8% in the first quarter of the year, more than previously thought, the Commerce Department reported today.more ▸
Afternoon Coffee: Federal Contractors May Need to Report Greenhouse Gas Emission Data, Google Opening Autonomous Vehicle Center Near Detroit
The Obama administration is considering asking federal contractors to report greenhouse gas emissions data. A proposed new rule would require contractors to share the amount of greenhouse gas they emit, their emission reduction goals and targets as well as how they think climate change may threaten their business. And, Google will open a self-driving technology development center in Novi, Michigan, near Detroit, as part of its push to build autonomous cars. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
The Trans-Pacific Partnership will have a positive impact on U.S. businesses, workers and families, the U.S. International Trade Commission said in a report issued May 18. The nearly 800-page congressionally mandated report assesses the impacts the TPP would have on the U.S. economy, specific industries, employees and consumers. The ITC looked at the effects the TPP would have in 15 years on the economy, compared to a baseline economy without the TPP.more ▸
KellyOCG recently hosted around 10 industry analysts to hold briefings and discussions with key KellyOCG executives. This was the second such event in the U.S. and appears to represent a deliberate communications strategy to focus and educate analysts on this distinct business unit within Kelly Services Inc. Indeed, KellyOCG’s Senior Vice President and General Manager Teresa Carroll did mention how financial analysts accustomed to analyzing traditional staffing businesses were grappling with how to evaluate KellyOCG, a services and solution provider business — which, from our perspective, is a key part of the emerging contingent workforce and services supplier landscape.more ▸
Toyota Motor Corp. is expanding its recall of vehicles in the U.S. made with possibly faulty Takata airbags. The carmaker added about 1.6 million vehicles to the recall, including Toyota, Scion and Lexus cars from 2006-2011 model years. And, e-commerce growth is driving about 20% of the demand for prime warehouse space in the U.S., and rent prices have increased nearly 10% in the last year. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
It’s been about a year since we covered the launch CXC Corporate Services, a business unit of CXC Global, and it seemed to be time to check in and see how the first year has gone. To do so, I reached out to CEO Connor Heaney, who spoke to me from Dublin, Ireland, where the EMEA company is located.more ▸
Spend Matters welcomes this guest post from Corrina Hutchings, of Mintec.
Grains forecasts for 2016/17 have been released from the USDA this month, giving a heads up on what to expect from the market in the year ahead. Although these early forecasts are subject to a lot of change, they set the tone for the remainder of the season as the markets turn their focus on the new harvest from the Northern Hemisphere. Let’s look at some of the highlights of the forecast.
Afternoon Coffee: US Manufacturing Sector Growth Slows in May, Panasonic Plans to Expand Auto Business Through M&A Deals
May was a lackluster month for the U.S. manufacturing sector, with output falling for the first time since September 2009 and new orders expanding at their slowest rate of 2016, according to Markit’s latest Purchasing Managers Index. The Index registered 50.5, down from the 50.8 in April. And, Panasonic Corp. is planning to add $3.6 billion in new revenue to its auto business over the next two years through mergers and acquisitions. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
Afternoon Coffee: Uber Tests Self-Driving Cars in Pittsburgh, Tesla Suppliers Under Pressure For Model 3 Parts
Uber will soon be testing self-driving cars in Pittsburgh. The company outfitted a Ford Fusion with radar, laser scanners and cameras — technology Uber said could save lives, reduce congestion and offer more affordable transportation. And, Tesla Motors’ suppliers will have to ramp up production of parts as the electric car maker announced it wanted to launch its Model 3 in 2018, two years earlier than originally planned. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
Afternoon Coffee: Amazon on Hunt for Freight-Transportation Network Technology, Wal-Mart Expands Sourcing With McKesson for Generic Drugs
Amazon.com Inc. is looking to license or acquire technology for its freight-transportation network. The company has reportedly requested information recently from several freight-services-technology providers. And, Wal-Mart is expanding its sourcing partnership with U.S. drug distributor McKesson to continue driving down the costs of generic medicine. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸