Sourcing & Categories Content

Food and Beverage Industry Leads its Peers in Sustainability Performance, Ceres Finds

amazon

Growing consumer demand for transparent food supply chains and responsible sourcing has pushed the food and beverage industry to embrace sustainability to a larger extent than other sectors, according to new research from Ceres, an NGO focused on sustainability. Ceres examined how more than 600 of the largest publicly traded U.S. companies are responding to environmental risks, human rights abuses and other threats falling under the umbrella of sustainability. The organization found that food and beverage companies are generally ahead of their peers.

Sourcemap and BRAC U to Launch a Digital Map of Every Garment Factory in Bangladesh

We were intrigued to learn recently about a project to create a digital factory map of Bangladesh, a joint effort from BRAC University, Sourcemap and the C&A Foundation. Officially called the Digital Ready-Made Factory Map of Bangladesh, the project is set to launch this summer. A team of data collectors from BRAC University and Sourcemap are currently visiting every garment factory in Bangladesh and gathering GPS-linked data points on workers, factory facilities, certifications, types of products manufactured at the factory, and companies that source from the factory.

Catalant’s Reimagining Work 20/20 Report: Good Imagination or Perfect Vision?

Catalant, a provider of innovative solutions to access and maximize the value of expert talent, recently released a report entitled “Reimagining Work 20/20.” In essence, the report focuses on the evolving relationships among organizations, expert workforce and the so-called future of work. Reimagining Work 20/20 examines why and how organizations are already or will need to begin a transformational journey (our words) to arrive at place where they can take full advantage of what Catalant calls the “radically agile workforce.” It also acknowledges and cautions that the journey to becoming an agile organization will be a challenging one.

Sponsored Article

The Perfect Storm for NHS Procurement

As one of the top five largest employers in the world and an average annual expenditure of £130 billion, the National Health Service (NHS) and how it spends its budget is a widely debated topic. Moreover, harsh restrictions on the public purse mean that healthcare procurement professionals are tasked with providing the best value for every pound spent while still protecting the quality of frontline care. And while we often see pressure on resources and cost of care making the media headlines, procurement professionals in this sector face a host of other challenges too.

Apple Expands Supplier Audit, Publishes Results in Latest Annual Progress Report

hidden workers

For 12 years, Apple has published reports on its supplier audits, and the 2018 Progress Report was released earlier this month. In 2017, Apple conducted audits of 756 suppliers in 30 countries, including 197 suppliers that were audited for the first time. The expanded audit unearthed 48 “core” violations of Apple’s supplier code of conduct, double the number from the year before. However, the good news is that the overall trend is toward greater compliance.

Product Quality Top Concern Among Europe’s Sourcing Professionals in Recent Survey

Global Risk Management Solutions (GRMS)

Concerns over product quality are top of mind for European companies that source abroad, according to Amber Road’s recently released 2018 E.U. Sourcing Survey Report. The complexity of international trade compliance is a close second. This insight comes from a survey Amber Road conducted of more than 150 respondents from companies based in the European Union. Sixty-four percent of the respondents represent companies that source from more than 10 countries, and 54% have at least 100 suppliers across their sourcing regions.

Applying Strategic Sourcing to Talent Management: What You Need to Know

interview

By 2020, more than half of the U.S. workforce will be involved in contingent work. Companies are rethinking their talent management strategies accordingly, and those that are familiar with strategic sourcing may already be a couple steps ahead. How strategic sourcing can be applied to talent management was the topic of a webinar that Spend Matters analysts Jason Busch and Andrew Karpie presented last month with NextSource’s chief executive, Catherine Candland, and senior program director, Jim Gallagher. NextSource has been in the contingent workforce business for the past two decades.

3 Things to Consider After Trump Makes Tariffs Official: Jobs, NAFTA and Beer

Our sister site MetalMiner has had its most heart-stopping week and a half arguably since that site was founded, covering the Trump administration’s announcement and subsequent signing of a proclamation imposing broad-reaching steel and import tariffs. In the time since my colleague and MetalMiner editor Fouad Egbaria gave us a rundown on the market effects, reactions and procurement implications, President Trump’s announcement (which, until last Thursday, was “just that — an announcement — until the formal policy is hammered out and put to paper,” as Egbaria wrote), was finally, well, put to paper, in a way.

North American Staffing Sector Optimistic on 2018 Revenue, Concerned by Skills Shortages

North American staffing and recruiting professionals are overall optimistic on revenue, according to Bullhorn’s 2018 North American Staffing & Recruiting Trends Report, although challenges such as skills shortages remain salient. In a survey of 1,442 staffing and recruiting professionals, three-quarters anticipated an increase in 2018 revenue as compared to 2017 revenue. Twenty percent of the respondents predicted revenue to increase by more than 25%. Small firms were more optimistic than their larger counterparts.

Trump Tariff Mania: Reactions and Implications for Procurement

The Department of Commerce’s Section 232 process regarding steel and aluminum imports took a big step forward Thursday when President Trump announced his administration planned to implement tariffs of 25% and 10% for steel and aluminum, respectively. Obviously this is a big deal for the steel and aluminum sectors, domestically and internationally. Trump’s announced figures are actually higher than the recommendations proposed in Secretary of Commerce Wilbur Ross’ report to Trump, which called for 7.7% tariffs for aluminum in one option. Even so, MetalMiner published a detailed analysis of the Section 232 proceedings last week, outlining what could happen in every scenario.

Adoption of Sustainable Sourcing Practices Remains Limited, First Large-Scale CSR Study Finds

mining

For all the corporate sustainability reports that many companies dutifully release every year, how widespread are sustainable sourcing practices really? A new paper published in the Proceedings of the National Academy of Sciences suggests that adoption of these practices remains limited, particularly when it comes to non-consumer-facing companies and lower-tier suppliers.

The Medical Device Reprocessing Industry: Will the Third Time be the Charm?

Alfred Hitchcock provided a great definition of the difference between surprise and suspense. It goes like this: If a bunch of guys are playing poker and a bomb goes off under the table, that’s a surprise. If, however, we know that the bomb is there and we watch the timer tick down while the men play on, that’s suspense. When Warren Buffett said that the ballooning costs of healthcare “act as a hungry tapeworm on the American economy,” the financial markets acted like a bomb went off and the media covered the story like none of us knew it was there. Let me save you the suspense: egregious profiteering in the medical-industrial complex is the head of the tapeworm that Buffett spoke about.