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Asda has vowed to spend over £500m improving its UK distribution network and revamping shops during 2012.

A consortium of nine companies has begun testing new Key Performance Indicators (KPIs) designed to assess reputational risks and operational shortcomings associated with labour and human rights factors in corporate supply chains.

Swedish retailer Ikea has said it is withholding entry into the recently opened India retail market over concerns about the government’s local sourcing requirements.

As it approaches its new fiscal year, Walmart has named a new C-level executive responsible for global sourcing.

Struggling UK retailer HMV has reached a deal with its entertainment industry suppliers to trade a small equality share in exchange for “vitally important breathing space”.

From sovereign debt downgrades to debt defaults and the euro crisis, the headlines continue to be gloomy. And while there’s no denying that those concerns are real, they don’t say very much about what is happening in the real economy.

Japanese companies are being encouraged by the country’s economic minister to take advantage of the strong yen and invest overseas and buy natural resources.

Construction company Skanska UK has unveiled plans to adopt a cloud-based service for procurement and supply chain management.

Analytics and business intelligence systems designed to optimise business functions such as supply chain will be the “top-ranked” technology for 2012, market experts predicts.

Moves by local government authorities in China to relax customs procedures will help global retail companies to streamline their supply chains, logistics experts predict.