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Author Archives: Procurement Leaders News
Wal-Mart unveils $50bn ‘Buy US’ strategy
Wal-Mart said the plan to source more from the US, committing around $5bn a year to the scheme, is an effort to create US jobs and spur economic growth. The moves come as the US economy continues to grow slowly, however the proposed commitment from Wa…
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Ford expects suppliers to boost capacity
Ford, the second largest US auto-manufacturer, lost market share in the US due to a combination of factors including its own reduced production capacity as well as at its suppliers who cut capacity back during the financial downturn.
Commenting to re…
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Food sector urged to rethink equipment MRO deals
Tony Weber, contributing editor, Food Service, Equipment and Supplies noted that many food companies are repairing rather than replace their food service equipment, and as a result maintenance agreements are becoming more important in the sector.
In …
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International Paper wraps up Brazilian packaging deal
IP, a US-headquartered company that employs approximately 70,000 people located in more than 24 countries, reported that it will hold a 75% stake in the new entity. Orsa’s assets include three containerboard mills and four box plants, which make…
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Tata Motors moves to integrate sourcing across verticals
Karl Slym, managing director of Tata Motors, introduced the major restructuring initiative last year with the aim of boosting the carmaker’s position in India. Part of the transformation, according to a research report by equity brokerage Motila…
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Nike to investigate Indonesia minimum wage accusations
Indonesia is a key manufacturing base for Nike with 40 factories, employing some 171,000 workers producing footwear and apparel for the company.
Following mass protests, workers were awarded a 44% rise in the minimum wage to 2m rupiah ($228) a month,…
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Global enterprises warm to thermal energy storage technology
The technology is being rolled out as an effective means of shifting electricity use from daytime peak periods to less expensive periods of the day or at night, saving money and increasing overall system efficiency.
According to a recent report from …
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US federal inspection plan targets ‘high-hazard’ workplaces
The agency explained that the SST imitative it one of its main programmed inspection plans for high-hazard, non-construction workplaces that have 20 or more workers. The SST plan is based on data collected from a survey of 80,000 establishments in hig…
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Strike rumours add to Foxconn woes
Hon Hai, known also by its trade name Foxconn, confirmed that the incident took place at a facility run by Jiangxi Xin Hai Yang Precision Components, located in China’s eastern Jiangxi province.
China Labor Watch reported on Friday that the str…
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Glaxo supplier payment terms criticised
British newspaper, The Daily Telegraph, uncovered that GSK has begun extending its payment terms from 60 days at the end of last year to 90 days, a move which Phil Orford, chief executive of the Forum of Private Business said shows ’scant regard…
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