The Supply Chain Category

More on Healthcare’s Saline Bag “Shortage”

The saline bag “shortage” in healthcare has been going on for a few years. I’ve got some strong opinions on the matter, as I have had the pleasure of interviewing the assigned category managers at the nation’s largest healthcare GPOs, health system sourcing professionals and executives at Baxter, B.Braun and Hospira, the nation’s three largest manufacturers and suppliers of the product. It turns out that there are very few resin producers that make the type and grade used to manufacture saline bags. Not only did these producers cut production, but they’ve increased their pricing by more than 300% in the last year. Why?

New Research: Using Collaboration in Bringing Competitive Advantage to Your Supply Chain

If your organization wants to create competitive advantages through its supply chains, collaboration is crucial, according to new research from the Global Supply Chain Institute at the University of Tennessee – Knoxville. The findings were presented in a white paper, End-to-End Supply Chain Collaboration Best Practices, written by Mike Burnette, managing director of the institute. Burnette and other supply chain faculty at the university interviewed 17 leading companies in eight industries to determine the best practices that help organizations achieve success through collaboration.

Commodity Price Volatility in the Cannabis Supply Chain: The Biggest Growing Pain?

As I write this on the eve of participating in a conference panel discussion about how corporate communications can better work with trade media firms, I can’t help but think about my relationship with the legal cannabis industry — and particularly its supply chain. Sounds like a stretch, right? Not so much.

The Latest Worst Kept Secret: Amazon’s Move into Pharmacy

“I think Amazon getting into the PBM business (pharmacy benefits management) is a bunch of B.S.,” said Vishnu Lekraj, an analyst with analyst firm Morningstar. “I don’t understand how a company that can ship goods to a consumer can take over every single industry.” According to state pharmaceutical boards, Amazon has received approval for wholesale pharmacy licenses in at least 12 states: Arizona, North Dakota, Nevada, Alabama, New Jersey, Michigan, Louisiana, Connecticut, Idaho, New Hampshire, Tennessee and Oregon, with applications pending in other states. In fact, some of the license types go beyond prescription drugs and include approvals for products and devices that fall under the durable medical products category, such as oxygen and other medical gasses.

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Driving Sustainability and Compliance (Part 3): Managing Multi-Tier Risk and Opportunity

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This post is the last in a three-part series. Click here to read part 1 and part 2.

The process of launching IntegrityNext gave our team an amazing opportunity to connect with supply chain sustainability and compliance managers worldwide. We heard about challenges and targets as well as priorities for today and concerns about tomorrow. Regardless of industry or company size, professionals have immediately engaged, driven by their desire to improve the working and living conditions of supplier organizations and the communities they are based in. One of the questions that we heard most often was about multi-tier supplier sustainability and compliance: what does this mean and why is it important?

New Research: Supply Chain Risks Lurking Behind the Electric Vehicle Boom

Fourteen countries (including the U.S., believe it or not) have joined the Electric Vehicle Initiative, aiming for battery-powered cars, trucks and buses to reach 30% market share by 2030. According to IEA calculations, we would need 600 million electric vehicles globally by 2040 in order to reach the global warming target set by the Paris Agreement. A new report from risk analysis firm Verisk Maplecroft, however, shows that the electric vehicle supply chain is far from devoid of social and even environmental risks. It largely comes down to the raw materials needed for electric vehicles, such as aluminum, cobalt, mica and rubber.

What are Companies’ Biggest Risk Misconceptions? A Conversation with Coupa Economist Ahmad Sadeddin (Part 2)

As a senior economist and risk expert at Coupa, Ahmad Sadeddin is in a good position to see what companies do well and not so well in terms of risk management. Unfortunately, companies are being put to the test more frequently these days, as risks become more numerous and unpredictable. In this second half of our pre-webinar interview with Sadeddin, the risk expert discusses common risk-related misconceptions, challenges that Coupa’s clients have faced and one recent risk success story that impressed him.

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Driving Sustainability and Compliance (Part 2): The Power of Social Media Voices in the Supply Chain

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This post is the second in a three-part series. Click here to read Part 1.

Social media gives voice to anyone looking for a platform: consumers and corporates, individuals and organizations. By enabling the democratization of instant worldwide communications, services such as Facebook and Twitter have created an overwhelming volume of unstructured data in a short period of time. While the development of social media voices is dynamic and continues to evolve without pause, businesses have yet to tap into its true power. What happens to these spontaneously created bits of data? Who is listening? Is there actionable value in the voices?

Does the Supply Chain Hiring Process Need Revamping? ISM’s M.L. Peck Discusses Talent Gaps and the “30 Under 30” Competition

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The nomination period has opened again for the “30 Under 30 Rising Supply Chain Stars” program, which recognizes some of the most talented young supply chain professionals. (A public service announcement: If you’re interested in nominating someone, you have until Dec. 3!) Organized by the Institute for Supply Management (ISM) and Thomasnet.com, “30 Under 30” is now in its fourth year and just as ambitious as ever in its aim to attract young people to the supply chain field and tackle that notorious talent gap.

Back in Coastal Georgia with the Evacuation Blues Again

Hurricane Matthew and Irma. Two evacuations in one year have proven more than enough for me (and I’m hearing there may be yet another one on the way). In both cases I lost more than a week of my life. Whether holed-up with friends hooked on reality TV or moving between cheap motels with my ill-mannered pets, it doesn’t make much difference: it’s a totally depressing scene that has moved me to action. I ain’t going nowhere next time, no how.

Q&A With Graham Wright, IBM’s VP of Global Procurement: It’s Not the 80s Anymore

When the term “global” is in your title, chances are you’re going to be a jet-setter. That’s indeed the case for IBM’s Vice President of Global Procurement and IBM Procurement Services Graham Wright, who is based in the U.K. and has been ping-ponging around the planet on behalf of the Global 100 giant for the last several years. Between meeting with clients and presenting at conferences, Wright made some time to catch up with Spend Matters about how he and IBM see the state of procurement technology within our increasingly digitalized business ecosystem.

How Well Are Your Peers Doing in Supply Chain CSR? EcoVadis Releases New Report

If you’re a small or medium-sized construction company, congratulations. Chances are you’re doing pretty well in your supply chain corporate social responsibility (CSR) initiatives. Likewise if you’re a large company in the financial, legal, consulting and advertising markets. On Tuesday, EcoVadis released its first annual Global CSR Risk and Performance Index, which evaluated 20,400 companies according to 21 criteria related to the environment, labor practices and human rights, fair business ethics and sustainable procurement.