Reeling from the backlash following several factory tragedies in developing nations, many retailers have passed immediate and sweeping regulations to help improve the conditions in which employees of suppliers are forced to work in. However, obvious gaps in their proposals leave many wondering if these changes will be nearly enough to prevent more large-scale disasters.
Just as horrifying stories about factory collapses in Bangladesh and Cambodia, as well as the horsemeat scandal in the United Kingdom, hit the newsstands, a new report indicates that companies are woefully unaware of their suppliers. The new study, released by the logistics management company Achilles, indicates this lack of visibility is a serious threat…
A new survey released by PwC entitled, “Global Supply Chain Survey 2013” looks at the practices and experiences of 500 executives from around the globe, and has helped determine the importance of viewing the business’ supply chain as a vital asset to a solid business strategy. The survey examined executives across the board, including the…
The United Kingdom imposed stricter regulations on food advertisers in hopes of curbing youth obesity. There is a growing sentiment in the United States toward such legislation, aimed at reducing obesity and weight-related illnesses, such as type II diabetes. However, the latest research indicates the legislation had very little effect on actual ads viewed by…
If you’re investing in advertising efforts aimed at reaching the coveted age group of 18-34 year olds, you may want to reconsider your television and radio ads. According to a new survey conducted by Harris International on behalf of the on demand music streaming app Stitcher, Millenials are turning to on demand music and television,…
The term “outsourcing” usually brings to mind negative images including loss of control over key processes and lowering morale within the organization. However, businesses continue to outsource their travel procurement on a large scale, and new research tell us this is not likely to change anytime soon. In fact, many professionals in the industry are…
As the U.S. embarks on its quest for energy independence, relatively new procedures for tapping into our vast supplies of natural gas buried in shale underneath states like Colorado and New York open up opportunities for companies such as Exxon Mobil and Sempra Energy to boost profits, and perhaps the economy at large.
A new study released by Planning Perspectives, the 2013 OEM Supplier Study, suggests that the six biggest auto manufacturers are slipping back into the poor supplier relations that contributed to their problems. This is a serious issue, considering that these manufacturers pay suppliers about 60-70 percent of their gross revenues each year.
According to a report recently released by the analyst group Visiongain, the aluminum foil packaging industry should see strong growth between 2013 and 2023. The report, entitled “World Aluminum Foil Packing Market 2013-2023” cites developing markets as a primary source for driving this growth.
The latest tragedy in Bangladesh’s dilapidated, poorly constructed, improperly maintained factories involved a clothing supplier, Tung Hai Sweaters, located in the capital city of Dhaka. Though the workers were not in the building at the time of the fire, a manager’s meeting led to the deaths of eight executives including the owner of the factory,…