Afternoon Coffee: Hackett seeks your supply chain insight; ISM PMI falls to lowest level since 2009

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The Hackett Group has just begun seeking participants for its new Supply Chain Key Issues Study. The goal is to better understand the leading issues and priorities of supply chain organizations for the coming year. Participants will receive composite results that address issues such as:

  • Which broader business trends and strategic priorities of the enterprise are impacting the supply chain agenda in 2020
  • Key challenges and opportunities for 2020
  • Projected change in staffing levels and operating budgets
  • How your top priorities compare with other organizations
  • How you can overcome barriers and take advantage of opportunities

The study is open until Nov. 1. There’s no charge for participation. To join the study, go here.

ISM’s PMI, factory activity drops for second straight month

The Institute for Supply Management (ISM)’s PMI fell to a reading of 47.8 for September, down from 49.1 in August, finishing below many survey estimates, according to the Wall Street Journal — ultimately indicating overall contraction in the manufacturing economy. Relatedly, the World Trade Organization says “world trade flows are set to grow this year at the weakest pace since the global financial crisis,” according to the WSJ Logistics newsletter.

Supplier data, risk analysis needed for business success

Our colleagues at Spend Matters Europe posted an article taking a comprehensive look at supplier performance and its impact on a company’s supply chain efficiency and risks. Procurement personnel can improve the whole business with solid information about suppliers. But how do you get that data? The article has answers on supplier data and risk analysis.

U.K. getting out of Brexit with no-deal will be a ‘double whammy for U.S. retailers’

The uncertainty that prevails over the U.K.'s exit has injected an element of ambiguity into the plans of U.S. retailers. In a conversation with SupplyChainBrain, Tom Enright, vice-president at Gartner, has said a no-deal Brexit would alter things overnight. “When the U.K. exits the EU, tariffs will be based on World Trade Organization terms. U.S. companies that trade in what’s left of the EU, and ship product from the U.K., will get hit with a second tariff. That will essentially be a double whammy,” he said in the interview.

Three U.S. drugstore chains remove Zantac from shelves

Amidst reports of a probe by health authorities into Zantac for carcinogen elements, at least three major U.S. pharmacy chains have decided to remove the drug from store shelves, reports Bloomberg.

The three are Walgreens Boots Alliance Inc., Rite Aid Corp. and CVS Health Corp.  Some Zantac products, known in generic form as ranitidine, have been recalled in the U.S. by manufacturers.

GE to supply turbines for British wind project

GE Renewable Energy has been selected as a preferred supplier to supply the world's most powerful wind turbines for Britain’s Dogger Bank offshore wind project being developed by SSE and Equinor, reports Reuters.

“Dogger Bank will now be home to the largest offshore wind turbines in the world and this pioneering low carbon technology, which will play a central role in helping the UK become carbon neutral by 2050,” Paul Cooley, director of capital projects at SSE Renewables, said in a statement, according to Reuters.

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