Afternoon Coffee: Following Through on Responsible Supply Chain Claims, The Costs of Ditching Diesel

A new report says that four out of five executives claim to have a “responsible” supply chain, yet less than one-quarter of their companies have policies in place to address issues such as child slavery and climate change, according to Supply Chain Quarterly. And rather than increase their focus on supply chain improvement, the report finds that a significant number of companies (30%) have actually decreased their focus on supply chain responsibility over the past five years.

Diesel Woes

As part of their Clean Air Action plan, the Ports of Los Angeles and Long Beach will eliminate their dependency on diesel fuel to power vehicles on the docks. But that initiative comes with a hefty price tag: $14 billion, according to the Press-Telegram.

SAP Results 

Software giant SAP reported a rise in second-quarter revenues but subdued profit growth due to rising costs, Reuters reports. The world's biggest maker of business planning software said research and development costs rose 19%, while sales and marketing costs were up 16%, fueled by higher spending on its push into cloud services.

Canada Factory Sales

And finally, an economic update from our northern neighbor: Canadian factory shipments rose 1.1% in May on a seasonally adjusted basis to a record 54.59 billion Canadian dollars ($42.67 billion) from April, according to the Wall Street Journal, led by the automotive and chemical sectors.

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