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Author Archives: Procurement Leaders Latest News RSS Feed
British companies delay overseas payments
Companies in the UK are keeping hold of cash and delaying payments to overseas suppliers in the hope that exchange rates will improve, according to experts.
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Struggling retailer in credit insurance talks
British electrical retailer Comet is due to hold critical talks with trade credit insurers over the cover it requires to secure its credit lines with suppliers.
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Shakeup for retail supply chains
A relaxation of customs procedures in southern China is leading western retailers into a process of slimming down traditional distribution centres near stores, according to a Financial Times report.
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JPMorgan sells trade compliance, logistics and customs businesses
Canada-based customs broking company Livingston International has entered into an agreement to acquire the customs and trade compliance services of the global trade business of JPMorgan Chase Bank.
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Gas giants announce joint venture
Solvay and Air Liquide, two major groups in the chemical and gas sectors, have announced a world-wide joint-venture in order to meet demand from the electronics industry for fluorine cleaning gases for large flat panel displays and silicon thin film ph…
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Libyan oil production surge boosts OPEC crude output
Boosted by a surge in production from Libya, the Organisation of the Petroleum Exporting Countries’ (OPEC) crude oil output averaged 30.83m barrels per day (b/d) in December, up 230,000 b/d from estimated November output of 30.6m b/d, market watchers e…
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Agriculture and crude oil industries vulnerable to ‘supply shock’
Sectors including agriculture and crude oil are vulnerable to “supply shock”, experts have warned.
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Analysis: A striking difference – Asian workers speak out
US sports giant Nike was handed a painful reminder of the importance of supply chain visibility recently when workers at an Indonesian factory finally won a legal battle for unpaid overtime that had been running for almost a year.
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African airlines club together to buy fuel
Nine African airlines have joined forces in order to gain access to greater economies of scale when sourcing fuel.
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Manufacturers face uncertain future
Half of UK manufacturing executives expect the UK economy to worsen this year, with just 20% expecting it to improve.
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