Tagged Content: L2

Public Procurement Priority No. 1: Process Reform and Re-Engineering

public procurement State procurement leaders say process reform and re-engineering will be their top priority of 2016, according to the National Association of State Procurement Officials. NASPO is a public procurement-focused nonprofit organization and recently released its list of the top 10 priorities state public procurement leaders say they will focus on in the new year. Check out the full top 10 list of top priorities.

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Child Labor in Tech, Auto Supply Chains Detailed in New Report

- February 4, 2016 6:10 AM | Categories: CSR, Industry News, Sourcing, Sustainability

child labor A number of major tech companies and car makers were recently linked to child labor. Apple, Samsung, Microsoft and Volkswagen were just some of those named in an Amnesty International and Afrewatch report that showed companies are using minerals mined by children in dangerous conditions in the Democratic Republic of Congo. According to the report, these companies are “failing to do basic checks to ensure that cobalt mined by child labourers has not been used in their products.”

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SCRM Solution riskmethods Will Use New Capital to Expand to U.S. Market

Lystable Supply chain risk management solution provider riskmethods raised about $6 million in a Series A financing round, new capital the Munich-based company will use toward creating a riskmethods division in the U.S., the company announced Tuesday. The riskmethods investment round was led by EQT Ventures, which invests mainly in European startups. EQT is also a new investor for riskmethods. Existing investors Senovo, Point Nine and Bayern Kapital also provided new capital in the Series A funding round, riskmethods said.

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Report: Procurement Must Work with Suppliers to Address Climate Risks

- February 2, 2016 6:20 AM | Categories: CSR, Suppliers, Sustainability

climate change Procurement organizations need to motivate suppliers to understand the impact they are having on climate change and properly manage climate-related risks, according to a new report from the nonprofits CDP, formerly the Carbon Disclosure Project, and BSR. Companies should be using their “purchasing power” to create a more sustainable supply chain, the report said. CDP has 75 organizations as members with $2 trillion of procurement spend. These organizations reached out to their suppliers through CDP to see which suppliers gather climate data to assess environmental footprints.

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Supply Chain Execs See India as Top Emerging Market for Growth

- February 1, 2016 6:14 AM | Categories: Logistics, World Trade

India emerging market Logistics and supply chain executives see India as the top emerging market with the most growth potential, according to the latest 2016 Agility Emerging Markets Logistics Index. It is the first time supply chain professionals surveyed by Agility ranked India in this top spot, beating out China. “Survey respondents revealed that the slowdown seen in China’s economy has undermined its position as the most attractive emerging market, with India replacing it at the top of the rankings,” the report said.

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Report: Millions of ‘Hidden Workers’ Used in Company Supply Chains

hidden workers A new report states more than 100 million “hidden workers” exist within the global supply chains of 50 major corporations, including McDonald’s, Apple, Coca-Cola Company, Johnson & Johnson and Wal-Mart. The 50 companies included in the report have a combined revenue of $3.4 trillion and use a “hidden workforce” of 116 million in their supply chains. The report also cited labor abuses like slavery, low wages, unsafe working conditions and forced overtime in these companies’ supply chains and called for reforms to business models.

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Why Procurement Must Help Fundamentally Rethink and Improve RONA

- January 28, 2016 6:30 AM | Categories: Finance, Innovation, Technology

AnyData Solutions Over on the CPO portion of our site, in part 1 and part 2 of this series, I discussed how “assets” in the new digital economy are sources of supply (i.e., equipment, people, software, products, suppliers, user roles) that increasingly interact in complex ways and therefore go far beyond how traditional applications model and manage these assets. An entirely new breed of intelligent applications needs to be developed that can manage the choreography and orchestration of these many-to-many assets. And they don’t yet exist — other than in pieces.

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Supply Chain CSR: Niche or More? EcoVadis Adds 68 Customers in 2015

- January 27, 2016 6:29 AM | Categories: CSR, Suppliers, Sustainability

sustainable supply chain Sustainable supply management solutions company EcoVadis announced it experienced another solid year of growth in 2015, adding new customers and expanding its internal team. The company said 68 new customers joined the EcoVadis network in 2015. More than 25 global corporations began using the EcoVadis Sustainable Procurement platform, including DuPont and Subway, which contributed to EcoVadis’ two-year growth rate of 128%.

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OPEC Calls on all Oil-Producing Countries to Tackle Oversupply

- January 26, 2016 6:31 AM | Categories: Commodities, Finance, World Trade

oil oversupply OPEC OPEC is calling on all oil-producing countries, even those outside the cartel like the U.S., to work together to tackle the global oversupply of oil and bring prices of the commodity back up. OPEC Secretary-General Abdullah El-Badri said at a conference Jan. 25 in London that non-OPEC oil producers contributed the majority of the additional supply in the last year. Russia is one non-OPEC member country that has reportedly refused to work with the cartel to reduce oil supplies.

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Morningstar: ‘Tectonic’ Shift in Chinese Demand

- January 25, 2016 6:16 AM | Categories: Category Intelligence (Direct), China, Commodities

Chinese demand Morningstar recently published its Basic Materials Outlook. Like most analysts, Daniel Rohr, director of basic materials research, is bullish on the overall commodities sector and cautions investors that the transitioning Chinese economy will continue to depress both prices and consumer spending.

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A Drive Toward User Adoption: BuyerQuest Shares its 2016 Procurement Predictions

- January 22, 2016 6:44 AM | Categories: eProcurement / Procurement, P2P, Technology

BuyerQuest We recently spoke with Jack Mulloy, CEO of BuyerQuest, to hear what the e-procurement provider thinks will be a main focus for procurement in the new year. The conversation is part of our ongoing 2016 provider prediction series, in which we talk to procurement technology solution companies to get their take on what they see as the top challenge and trend procurement will face in 2016. For Jack and BuyerQuest, user adoption is priority No. 1 this year.

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Hoverboard Company Swagway Allegedly Makes False Safety Claims

- January 21, 2016 6:33 AM | Categories: Industry News, Suppliers, Supply Chain

hoverboards Hoverboard maker Swagway is allegedly putting counterfeit safety marks on its products. Underwriters Laboratories, an independent safety science company that reviews products to determine if they are safe for consumers, said Swagway put its UL safety marks on its hoverboard, but UL has never inspected or certified any hoverboards. Swagway said it uses battery cells and adapters that have been certified by UL. However, according to UL, that does not grant Swagway the right to use the UL safety mark on its product.

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