Author Archives: Procurement Leaders News

The amended law, which takes effect on July 1, 2013, is effectively closing a loophole which affected the conditions of about a third of the workforce at Chinese and multinational factories in China.

“Hiring via labour contracting agents should be ar…

Prices of iron ore tumbled to a three-year low in the autumn, before rallying 60% since then on mounting confidence that China, the world’s biggest importer of the ore, would be experiencing an accelerated growth in 2013.

Trade to China is expe…

The move is designed to trim costs for the world’s third largest retailer and develop local sourcing expertise in preparation for opening stories in India, according to a report in the Economic Times.

“Fruits, marine, rice would be a few o…

The measures are aimed at cutting back the hurdles that services and product suppliers face in order to boost their profitability and drive domestic demand, said a report in China Daily.

Utility costs in agricultural production and supply should be l…

Negotiations between the International Longshoremen’s Association (ILA) and employers represented by the US Marine Alliance broke off last week after management said they wanted to cap container royalties – payments made to longshoremen ba…

CBOT September soyabeans rose as high as $17.80¾ per bushel, beating a previous record reached on July 20.

The worst drought since the 1950s has lowered expectations for this year’s US soyabean and corn crops, sending prices of agricultu…

The scope of this five year agreement includes record to report services for the Northern Hemisphere. Earlier this week, the consumer goods manufacturer announced a new five-year, €100m deal, with Capgemini to deliver Unilever’s Southern He…

According to a report in The Financial Times, an agreement has been reached following negotiations between the US company and the private equity owners of the Italian group.

Avio, which had €2bn in sales last year, builds engines and engine part…

An initial alliance between the two automotive giants was sealed in February this year when GM took a 7% stake in Peugeot Citroën. The two companies hope this alliance will help deliver annual cost savings of $2bn by 2017 through joint procuremen…

PwC US’s Private Company Trendsetter Barometer survey found that private companies that sell solely in the US project revenue growth rate rose from 6.9% to 8.6%, highlighting domestic companies’ confidence about the next 12 months. In…