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Seagate Technology has posted “better than expected” financial results, after admitting that flooding in Thailand has caused “significant supply chain disruption.”

Market experts have estimated that flooding in Thailand will reduce the global supply of computer hard drives by at least 25%.

Prices in the $3tn-plus global petrochemicals marketplace slipped nearly 1% to $1,161 per metric tonne (/mt) in December, according to new market estimates.

By the end January, IBM CPO John Paterson will be directing the company’s worldwide procurement operations from a new office in Budapest, Hungary.

Nokia, the Finnish mobile-phone manufacturer, has announced plans to move its Asia-Pacific headquarters from Singapore to Beijing as part of its new strategy and savings targets and to be closer to its suppliers.

Procurement and other “key functions” will report directly to the CEO of British electronics company Pace, following a management reshuffle.

Dunkin’ Brands, the parent company of Dunkin’ Donuts and Baskin-Robbins, and National DCP (NDCP), has signed a long-term agreement for NDCP to be the exclusive supply chain provider for all Dunkin’ Donuts restaurants in the continental United States.
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In 2012 more companies will explore outsourcing supply chain and logistics requirements, according to a new report.

Florida, which produces around 15% of global oranges, has been hit by a cold weather front, sending prices of the fruit soaring on fears that lasting damage could have been caused.

Defence-sector organisations should boost procurement efficiency by adopting a cost-wise readiness methodology, according to a consulting firm.