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Author Archives: Procurement Leaders Latest News RSS Feed
Buoyant BASF targets huge cost savings and doubling profits
The world’s largest chemical company has defied the gloomy economic outlook by unveiling a new strategy to double its profits by 2020.
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Seagate’s hard disk manufacturing hit by Thai flooding
Computer storage company Seagate Technology has revealed the supply chain impact that recent flooding in Thailand has had on its operations. The company reported that although its factories in Thailand have not been impacted directly by the flooding it…
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LG Electronics USA revs up ‘sustainable transportation’
LG Electronics USA has announced plans to reduce the environmental impact of its operations through a programme of efficiency savings and sustainable logistics.
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Analysis: Corporate responsibility performance still falling short of lofty promises
The world’s most high profile companies are well aware that the general public – not to mention investors – often regard firms’ sustainability claims with a healthy degree of scepticism. Plenty, though, are indeed still lagging behind expectations in t…
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Nestle to investigate child labour accusations
NestlĂ©, the world’s largest food and nutrition company, has announced that it is to team up with the Fair Labor Association (FLA) to examine whether child labour is being used on the cocoa farms which supply its factories in the Ivory Coast.
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Jewellers appoint new diamond sourcing chief
Clark McEwen has been appointed senior vice president of strategic diamond sourcing for Sterling Jewelers, the U.S. subsidiary of Signet Jewelers.
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Chinese suppliers turn away from EU to emerging markets
Suppliers in China are boosting overseas shipments to emerging markets amid slowing orders from the EU as the region tackles its debt crisis, market experts have reported.
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Multinational retailers face uncertainty as India opens doors to foreign investment
Retailers like Tesco’s and Walmart have responded with caution to last week’s announcement that the country is to open its $450bn retail sector to foreign supermarkets.
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Telecoms giant signs up DHL Express for Saudi supply chain optimisation
Nokia Siemens Networks has unveiled plans to upgrade its supply chain management functions in the Kingdom of Saudi Arabia (KSA) by outsourcing its distribution system.
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Diesel restocking takes China oil demand to five-month high
Industry experts estimate that China’s October oil demand rose on a year-over-year basis by 1.4% to 38.42 million metric tons (mt) or an average of 9.08 million barrels per day (b/d), the highest in five months.
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