Guest Posts Content

Oh Sugar, the EU is coming!

sugar

Spend Matters welcomes this guest post from Nick Peksa, opportunities director at Mintec.

One dark night in 1775, Paul Revere road his horse through the streets of Massachusetts shouting, “The British are coming!” While this may not be factually correct, I would like to be the first to shout, “Oh Sugar, the E.U. is coming!”

Could Rising Rapeseed Oil Prices Impact the US’s New Love for the Oil?

Spend Matters welcomes this guest post from Jonathan Stokes, market analyst at Mintec.

Global rapeseed oil prices have risen steeply since the middle of June, as adverse weather conditions in a number of major rapeseed producing countries have resulted in declining crop prospects worldwide. In the U.S., usage of rapeseed oil is predicted to increase 0.3 million tonnes, to a record 2.63 million tonnes in 2016/2017, due to a sharp decline in domestic soybean oil usage in the food sector.

10 Things Procurement Professionals Must Consider Before Hiring Labor for Their Organization

Spend Matters welcomes this guest post from Deepesh Jethwani, consultant at GEP.

There are times when you need to hire non-permanent labor for your production line or when your contract with an existing labor providing agency is about to expire. Before you decide to launch a request for proposal (RFP) with suppliers, here are the top factors you must consider as a procurement professional.

Could an Answer to the Multiyear US-Canadian Lumber Trade War Soon be Here?

Spend Matters welcomes this guest post from Verity Michie, market analyst at Mintec.

Following the expiration of the nine-year-long softwood lumber agreement (SLA) in October 2015, the U.S. and Canada have yet to finalize a new trade agreement. But why do they need one?

5 Things Employers of Choice Understand About Hiring Top Procurement Talent

talent

As a hiring authority in the procurement function, what can you do to improve your odds of bringing in the talent that you need? The 2017 Hiring Sentiment Study conducted by MRINetwork reveals that the inability to find quality talent is driven by lengthy hiring practices, lower-than-expected compensation and an employer sentiment that candidates should feel honored to be considered for their job opportunities. Based on the study’s findings, procurement employers of choice understand these five hiring insights better than their competitors.

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.

8 Benefits of Procurement Technology Tools

Oracle

Spend Matters welcomes this guest post from Anisha Khushlani, a senior consultant at GEP.

A wide variety of industries are adopting technology to automate supply processes, bringing significant bottom-line benefits to companies by allowing greater productivity, visibility and cost efficiency. At a high level, e-procurement provides the opportunity to increase efficiencies in business transactions and enhances negotiation leverage for firms. Use of technology is one of the key metrics used by benchmarking firms to measure maturity of procurement organizations. So, it’s important to find the right tool and reap the benefits.

The Hyper-Personalized Supply Chain is Coming: Are You Ready?

Spend Matters welcomes this guest post from Jim Wetekamp, chief executive officer of BravoSolution .

The concept of the demand-driven supply chain has been around for a decade or more. For supply chain organizations in consumer-centric markets, the model requires the ability to ramp production up and down based on demand fluctuations in short cycles. Think that change was a roller coaster ride? Well, fasten your seat belts.

The Butter Market has Gone Crazy

Spend Matters welcomes this guest post from Nick Peksa, opportunities director at Mintec.

Yes, the butter market has gone crazy. Normally these kind of rapid price movements are reserved for markets like vanilla, crude oil and currency, but not for shopping staples. At the end of May 2016, European butter futures had established a new monthly record for futures traded, with 1,382 butter contracts having been established. This phenomenon is not just confined to Europe; there has been an increased demand globally for all types of fats (people trending toward anti-sugar and organics).

Advances in Neuromarketing and Your Buying Decisions: What Can’t Speak Can’t Lie

Spend Matters welcomes this guest post from Diarmuid O’ Donoghue and Khushboo Kadmawala, of GEP.

Do you really think that you make your own buying decisions? I urge you, think again. As several recent experiments from the field of neuromarketing illustrate, your own subconscious thoughts and desires may actually speak louder than your rational thoughts.

Cashew Nut Prices Soar on Tight Supply

Spend Matters welcomes this guest post from Jara Zicha and Jonathan Stokes, of Mintec. 

A few years back, cashews were very competitively priced, being one of the cheapest tree nuts available on the market. However, prices have soared since the beginning of 2016, currently up 30% year-over-year, at over $11 per kilogram in Vietnam.

Viva La Revolution: Flexible Staffing Models in China

Tradeshift Baiwang

Spend Matters welcomes this guest post from GEP.

As the world's most populous country, China's labor market is undergoing unprecedented structural revolution. In recent years, due to labor shortages caused by a decreasing demographic pool and labor cost pressures, Chinese companies are eager to adopt more flexible staffing models to maintain labor agility and cost competitiveness. As per the Chinese Human Resource Service Industry Research Report published in 2016 by HRoot, it’s estimated that between 2016 and 2020, the average compound annual growth rate of China's flexible staffing industry will hold steady at around 22%, and China's flexible staffing market scale will reach about 60 billion yuan, which is more than $8 billion.