Afternoon Coffee: Kraft Heinz ‘Bad Procurement’ Saga Continues; Supply Chain Salaries Grew in 2018

The Supply Chain Salary and Career Survey Report has found that salaries of supply chain professionals registered an average jump of 4.2% in 2018, up from 2017 (a 3% rise).

The 2019 edition of the report, released by the Association for Supply Chain Management, found that a majority of those surveyed also said they were highly satisfied with their job as supply chain professionals.

Commodities trader Bunge revamps operations

The 200-year-old agricultural commodities trader Bunge Ltd has undertaken a second round of overhauling its global operations. It also announced a new chief financial officer.

Kraft Heinz plans to sell baby food unit, amid procurement scandal

Sources have told Reuters that Kraft Heinz had put its baby food brand Plasmon up for sale. Initial bids were due by the end of next week, the report said, quoting two unnamed sources. Those looking to buy include private equity firms and food groups.

This comes amidst more info on the procurement scandal at the company. “According to CNBC, citing conversations with former Kraft Heinz employees and sources familiar with the company's finances, Kraft Heinz's bonus structure incentivized procurement and operations teams to show the highest possible cost savings, a culture which also led to inexperienced individuals receiving fast promotions,” according to a Supply Chain Dive article.

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