Author Archives: Procurement Leaders News

As “panic” hit world markets, the Standard & Poor’s latest GSCI Spot Index of 24 commodities indicates a 1.5% fall to close at 692.61 in New York, marking the biggest slump since last December.

Soft drinks giant Coca-Cola will continue to source oranges from local Italian suppliers after initially saying it would drop them following reports of poor working conditions among fruit pickers.

George at Asda yesterday revealed plans to acquire the sourcing division of Turkish-based supplier GAAT.

Tensions over Iran’s nuclear programme are pushing up global oil prices and, as a result, US petrol prices will peak at $4 a gallon in May, experts predict.

A joint venture between car giants GM and Peugeot-Citroën which was put in place to improve procurement economies of scale has been confirmed after GM took a 7% stake in the French automaker to help Peugeot-Citroën finance the arrangement.

A trade group has published a draft for a proposed global IT supply chain security standard.

Supply chain executives should take a “multi-echelon” approach to inventory management to optimise process efficiency, new research argues.

India, the world’s second largest producer of cotton, has imposed an immediate ban on exports of the fibre because of concerns the government has over domestic supplies, triggering a sharp price rise.

India, the world’s second largest producer of cotton, has imposed an immediate ban on exports of the fibre because of concerns the government has over domestic supplies, triggering a sharp price rise.

Adidas has expressed concern that Indian regulations requiring foreign companies operating single brand stores in the country to source 30% of goods locally are overly restrictive.