Tagged Content: L2

More than 20 Federal Agencies Get an ‘A’ Grade on SBA 2015 Procurement Scorecard

- April 29, 2016 8:15 AM | Categories: Diversity, Procurement, Public Sector

small business administration The U.S. federal government spent over 25% of its contracting dollars in fiscal year 2015 with small businesses, giving the government a grade of “A” on the Small Business Administration’s Small Business Procurement Scorecard. The SBA released the scorecard earlier this week, showing the federal government surpassed its goal of having 23% of prime contracting procurement dollars go toward small businesses. In all, the government spent $90.7 billion during 2015 on contracts with small businesses, or 25.75% of its contracting dollars.

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Is Your Favorite Fashion Brand Transparent with its Supply Chain Sustainability?

- April 28, 2016 8:15 AM | Categories: CSR, Supply Chain, Supply Chain Visibility, Sustainability

fashion 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.

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Consumer Goods Companies Lack Supply Chain Visibility, Unable to Assess Environmental, Social Impacts of Products

supply chain visibility 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.

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How the Zika Virus Threatens Your Supply Chain

Zika virus 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.

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Freelancer Ltd Continues to Please Investors with Double-Digit Growth

SyB/Adobe Stock Sydney, Australia-based work intermediation platform (WIP) Freelancer Ltd racked up positive points after it released its first quarter results last week. Freelancer, which went public in late 2013 on the ASX, is still the only WIP business today that is publicly traded. Freelancer was formed in 2009 and grew its core online freelancer and crowd contest marketplace business through a series of WIP acquisitions and organic growth. Today, Freelancer asserts that it is the largest such business, measured in terms of jobs posted and number of users.

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What the New Trade Enforcement Act Lacks: An Interview with Pierre-Francois Thaler of EcoVadis

forced labor The new Trade Facilitation and Trade Enforcement Act makes it illegal for the U.S. to accept imported goods made through forced labor. The U.S. government has a list of more than 400 goods produced using child or slave labor that can serve as a guide for companies assessing their supply chains. However, according to Pierre-Francois Thaler, co-founder and co-CEO of supplier rating technology provider EcoVadis, companies looking to truly tackle slave labor in their supply chains and establish long-term sustainability initiatives need to dig deeper and do their due diligence beyond checking the government’s list.

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Retail Supply Chain Execs Aim for Better Demand Planning

- April 21, 2016 6:23 AM | Categories: Industry News, Supply Chain, Supply Chain Management

retail 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.

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What is IQN Up to in 2016? A Pattern Emerges This Spring

Upwork talent gap Since January, IQN has been growing its partner ecosystem it had begun to develop in 2015. On top of the 2015 partnerships, which included KellyOCG, Montage, Genesys Talent, HireRight, and Hired, IQN has added several other partnerships in 2016, including Pontoon, Bullhorn and quite recently Brightfield Strategies. Dovetailing with IQN’s own core data analytics initiative, the Brightfield partnership is a significant one, given Brightfield’s Talent Data Exchange platform/service.

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Auto, Electronics Industries Face Supply Disruptions After Japan Earthquakes

Japan earthquakes 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.

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Using Social Collaboration to Engage Procurement Organization Team Members

- April 18, 2016 6:20 AM | Categories: Procurement Strategy & Planning, Talent Management

LinkedIn ProFinder Employee engagement is a main focus for business leaders in 2016, with more than 80% of U.S. employers in a recent survey ranking engagement as a strategic priority. Engagement has been shown to increase employee retention rates — something that is especially critical at a time when many industries are struggling to find and keep skilled talent. But engagement is also clearly something many companies are failing at, according to the new data.

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A Simple Way to Understand Supply Chain Resiliency, Agility and Prevention: Superheroes!

agility 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.

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How Low Commodity Prices Expose Procurement to New Risks

low commodity prices A flood of foreign imports and a resilient dollar have depressed commodity prices for the past two years. For many procurement organizations, this may seem like an ideal moment to renegotiate contracts and secure unexpected savings. What lies beneath this opening, however, can wreak havoc on procurement. For every opportunity these depressed market conditions create, they reveal just as many new risks — ones procurement can rarely manage to full effect without the help of predictive analytics.

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