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Home    Membership    Members    Education    Products    Publications    Professional Credentials May 24, 2011




US factory, services revenue to rise in 2011
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. manufacturing and services sectors will continue to grow in 2011 as revenues rise, but prices for materials are seen climbing further, according to an ISM forecast. In its semiannual forecast, ISM found purchasing and supply executives expect manufacturing revenue will rise 7.5 percent in 2011. That is modestly slower than the 7.9 percent rise seen in 2010. More



Finance chiefs: Spending will stay steady in 2011
Supply Management    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Chief financial officers aim to spend the same in the next 12 months as they did during the past year as they continue to look for efficiencies. A survey of senior finance executives worldwide found spending in categories such as marketing, IT, professional services, raw materials, transport and logistics, business travel and advertising would continue at the same level as the past 12 months. More

Cloud computing risks 'overlooked' by procurement
Procurement Leaders    Share    Share on FacebookTwitterShare on LinkedinE-mail article
IT procurement or sourcing managers are often "overlooking" key risks when evaluating cloud computing contracts, experts have warned. According to Gartner, the cloud delivery model includes risks that are often unclear or overlooked when assessing the appropriateness of the sourcing model. "Cloud solutions often appear to have lower initial and switching costs than traditional solutions, but include hidden costs and risks, and require unique terms for contract protection, compared to traditional arrangements," said Alexa Bona, research vice president at Gartner. More

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Sustainability in the supply chain — it's more than just 'being green'
IndustryWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In today's business environment, companies are being held accountable to a growing list of stakeholders who assess company performance against a variety of criteria, from financial and operational performance to labor practices and environmental issues. The pressure for greater transparency in all areas of performance is increasing — not only for consumer-facing companies, but for all business entities throughout the supply chain, including manufacturers who are several steps removed from the ultimate consumer. More

Lower tiers of car supply chains need risk scrutiny
Supply Management    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Supply managers in the car industry have been urged to proactively deal with capacity risks at all levels of the supply chain. AT Kearney's report on its 15th annual automotive study reveals the sector's supply managers have a good understanding of the risks associated with their tier-one suppliers, but only have a limited understanding of threats to the lower tiers. More

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Covering supply chain vulnerability
The Financial    Share    Share on FacebookTwitterShare on LinkedinE-mail article
According to the Lloyd's insurance market, catastrophes in today's globalized world can often be felt far beyond the region where the disaster has occurred. The impact on business has also been widespread, with disruption to many industries intrinsic to the global supply of goods. With organizations adopting "just-in-time" techniques and pressures to limit working capital there is a growing dependency on the perfect functioning of supply chains. More

As firms rev up, the slack tightens
The Wall Street Journal (subscription required)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With demand rebounding, many U.S. companies are putting the production capacity they idled during the recession back to work. Some have reached the point where they need to invest in new plants and equipment, and hire workers, helping to boost the economy and the labor market. But the rising use of capacity at U.S. factories also could make it easier for companies to raise prices, intensifying inflation pressure. And, if unchecked, it could lead to production bottlenecks. More
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Catch up with ISM's 96th Annual International Supply Management Conference
ISM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Unable to attend ISM's 96th Annual International Supply Management Conference and Educational Exhibit in Orlando May 15-18? Or maybe you want to hear about some sessions you may have missed? Now is your opportunity to connect with several keynote presentations and workshop sessions that took place during the Conference. The staff of Inside Supply Management reported on several topics throughout the conference in its ISM 2011 Conference Blog. Check out our blog to hear what the experts are saying about hot topics such as talent, raw materials and global supply chain management. And, keep the conversation going by adding your comments or sharing your insights. More

US freight tonnage to rise 24 percent by 2022
The Journal of Commerce    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. freight tonnage will grow 24 percent through 2022, with trucking hauling 70 percent of all freight by that year, the American Trucking Associations said. Trucking's total freight market share will climb three percentage points through 2022, while railroads will lose 0.7 percentage points of their share of overall tonnage. More



USDA launches commodity procurement website
The Packer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The launch of a new website should provide vendors with streamlined access to information about purchase programs of the U.S. Department of Agriculture's Commodity Procurement Division. The website, www.ams.usda.gov/CommodityPurchasing, combines Agricultural Marketing Service's purchase programs for fruit and vegetables, livestock and seed, and poultry. AMS combined its procurement for those branches recently and the new website provides a standardized, integrated platform. More

Rising cattle sales signal more beef supply
Bloomberg    Share    Share on
FacebookTwitterShare on LinkedinE-mail article
U.S. ranchers in April probably sold the most cattle to feedlots since 2003 after drought ravaged pastures in Texas and Kansas, signaling more beef supplies and lower costs for meat processors. Feedlot operators bought 1.7 million head of cattle, up 4.3 percent from a year earlier, according to a survey. That would mark the highest so-called placement for April in eight years, U.S. Department of Agriculture data show. More

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Umeco to sell supply chain business
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
British aerospace parts supplier Umeco said it agreed to sell its supply chain business Pattonair for about £146 million to a private equity firm. Umeco plans to sell Pattonair to Exponent Private Equity and focus on its composites business, which has higher margins and a broader customer base, the company said. More

Japanese car makers change work schedules
The Wall Street Journal (subscription required)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Japanese auto makers will redefine their weekends — at least for the summer — as companies look for ways to limit the effect on production from a looming electricity shortage. Factories for auto and auto parts makers will be closed on Thursdays and Fridays and operate on Saturdays and Sundays from July to September to limit power use during the week, when electricity consumption is generally higher, the Japan Automobile Manufacturers Association said. More

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Panasonic says impact of quake this year 'extremely severe'
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Panasonic Corp., the world's largest maker of plasma televisions, said the impact on business this year because of continued supply chain disruptions from Japan's record quake will be "extremely severe." Panasonic's net income in the year ending in March may decline 29 percent while revenue may drop by 1.3 percent, according to estimates. More

Hershey promotes supply chain chief to interim CEO
Procurement Leaders    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Hershey company has announced that its supply chain chief John P. Bilbrey, has been named interim president and CEO. Bilbrey, who most recently held the posts of executive vice president and chief operating officer, replaces David J. West, president and chief executive officer, who is leaving Hershey to accept a position at Del Monte Foods. More
ISM Supply Chain Weekly
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