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Articles in category: Retail & CPG/FMCG
Shrink, comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors, cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.(Read Full Article)
The study, underwritten by an independent grant from Checkpoint Systems, Inc., was undertaken in 2013 by Euromonitor International, and was based upon in-depth phone and written survey interviews conducted in 16 countries among retailers covering 160,000 stores representing $1.5 trillion in sales in 2012. The cost of shrink to U.S. shoppers averaged $300 per ...
The head of procurement at Bayer Healthcare is aiming to double the proportion of spending carried out through e-auctions. Richard Spoor, head of procurement at the pharmaceutical multinational, told the ProcureCon Europe conference in Amsterdam last week there was a 12-fold increase in the volume of spend through e-auctions in 2012 compared with 2011. This amounted to “hundreds of millions of euros” and around five per cent of procurement spend, but Spoor wants to go further.(Read Full Article)
WOOLWORTHS is pioneering a new method of farming that sets out to help the farmers grow quality produce while protecting the environment, preserving natural resources and reducing dependence on synthetic fertilisers, herbicides and pesticides — all without adding anything to the price that the consumer pays.
Between 88% and 92% of the Cape Town-based chain’s fresh produce is grown locally, and its policy is to import only when it cannot obtain produce in SA.(Read Full Article)
The government’s intention to impose a total control on the advertising of alcohol products has sparked a lot of commentary, with the liquor industry preaching a rhetoric that seems to suggest that the government’s plan is not in the best interest of the economy and jobs.
In the main, the Industry Association for Responsible Alcohol Use (ARA), an umbrella body for the liquor industry, along with those who are responsible for advertising alcohol products have asked the government to weigh health concerns associated with alcohol abuse against apparent “economic implications”.
ARA roped in experts and appeared before Parliament ...
Thirteen US-based franchise companies on Friday ended a two-day trade mission to Johannesburg during which the firms had looked to connect with appropriate local candidates that could develop franchises in the South African market. The mission, organised collaboratively by the US Embassy’s Commercial Service and the International Franchise Association, which represents 1 300 US franchise companies, identified the energy, infrastructure development and consumer goods markets as those offering the greatest opportunities for the establishment of new franchise partnerships.(Read Full Article)
JSE-listed Clover said on Wednesday that it would not renew several agreements with Danone Southern Africa when the contracts end in December 2014, enabling the branded consumer goods and beverages group to pursue other opportunities. The company’s exit from the agreements would enable it to shed certain legacy restrictions that were limiting its scope for new product development and further principal distribution prospects, CEO Johann Vorster said.(Read Full Article)
Acquisition of stake in Africa’s biggest fast-food chain outside SA gives Famous Brands its first direct stake in Nigerian market. Famous Brands CEO Kevin Hedderwick said the deal "catapults (the group) to a completely different level" in Nigeria, where it has been trading for 11 years through master license and franchise agreements. Famous Brands is buying 49% of UAC Restaurants, the wholly owned subsidiary of diversified conglomerate UAC of Nigeria that houses Mr Bigg’s.(Read Full Article)
Wal-Mart Stores Inc. said yesterday that it will require its suppliers to phase out 10 hazardous chemicals from personal-care products, cosmetics and cleaning products in its stores. It also will require the suppliers to disclose chemicals in those products. Wal-Mart said that beginning in January, it will monitor progress on the high-priority chemical reduction, restriction and elimination and will begin to publicly report on the progress in January 2016.
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Fairtrade goes from success to success in South Africa as products become more popular with shift in consumers’ social consciousness.
Fairtrade provides social, economic and environmental standards that are dedicated to the empowerment of small farmers and farm workers, while ensuring that production is regulated and brought into the supply chain in a sustainable and environmentally sound way.(Read Full Article)
South African retailer Massmart has rolled out its Ezemvelo direct farm programme to four provinces and is has now enrolled 162 smallholder farmers. Ezemvelo was launched in August last year and formed a part of Massmart’s Supplier Development Fund.(Read Full Article)
In a bid to ensure it is able to harness the ongoing strong demand in Africa, SABMiller announced two major investments in the region yesterday.
In Uganda, subsidiary Nile Breweries officially opened a new brewery in Mbarara in the western region of the country. The new facility, which is Nile Breweries’ second brewery in the country, involved an investment of $90 million (R918m) and doubles the company’s brewing capacity to 3.6 million hectolitres a year.
Further south in Zambia, the group announced that it was investing $24m in building a “hi-tech opaque brewery” in Lusaka.(Read Full Article)
A recent report prompts tough questions over whether retail buying organisations are acting quickly and decisively enough to counter sourcing challenges. One of the more thought provoking findings I encountered in Deloitte’s recent report, Private Label Sourcing: Strategies to Differentiate and Defend, was that over one quarter of respondents don’t currently “align metrics and systems to foster supply chain partner collaboration” but are thinking of giving it a go in the future. For clarity, my initial pause for thought was that such a significant section of the respondents are waiting for the future to try this one out ...(Read Full Article)
Kudos to Walmart for showing industry leadership by embracing and enforcing the Produce Traceability Initiative (PTI). They have recently notified their fresh produce suppliers that effective November 1st of this year, all items delivered to their distribution centers must include standardized case labels. Mislabeled items could be rejected after the quickly approaching January 1, 2014 deadline. This is a significant call to action for ALL suppliers – large and small, whether they supply to Walmart or not. Why? Because I can now expect other retailers to make similar demands on their produce suppliers.
Interbrand released its 2013 Best Global Green Brands report, which examines the gap between a corporation's environmental practices and consumers' perceptions of those practices. When identifying the top 50 Best Global Green Brands each year, Interbrand starts with the 100 brands that make up its annual Best Global Brands report. Interbrand then conducts extensive consumer research to capture public perception of the brand's sustainable or green practices and compares that to environmental sustainability performance data provided by Deloitte — data that is based upon publicly available information.
There has been a lot of talk in recent years about the need to develop more strategic relationships between retailers and their suppliers to improve flexibility and add value across the supply chain. But according to Mark Green, executive vice president of the global supply chain at apparel giant PVH, the biggest changes in sourcing are yet to come. "We're moving from price to value, from bulk purchase orders (POs) to just-in-time, long lead times to speed and flexibility, product development is now focused on innovation rather than just tech-pack execution, compliance is evolving.........................(Read Full Article)
Nine years ago, AMR Research began compiling an annual list of what it considers the top supply chains in the world, and that study continues to this day. Companies are ranked based on five criteria: Gartner analysts opinion, peer opinion, three-year weighted return on assets, inventory turns, and three-year weighted revenue growth. Johnson & Johnson, though plagued by a number of headache-inducing supply chain/customer service disasters in recent years, excels in coordinating procurement.(Read Full Article)
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. These countries have only recently begun to make the transition from transporting fresh produce to processed foods. As these markets develop, their demands for higher quality and quantities of processed foods should bring about a tremendous increase in their consumption of foil packaging.
A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent. ||| Johannesburg - A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter. One brewer, Heineken, is attempting to woo the elusive female African drinker with a sweeter, low-alcohol beer made from malt and lemon that it hopes will persuade them to try its other lagers. Siep Hiemstra, head of Heineken's African operations, said beer consumption on the continent ...(Read Full Article)
Poultry producer Astral Foods on Monday reported an 82% plunge in diluted headline earnings per share to 94c in the six months ended March as operating profit slumped 80% despite a 5% rise in revenue to R4.234bn. No interim divided was declared. Headline earnings for the period fell 82% to R36m as a result of losses by the poultry operations. These losses also affected the group’s operating profit, which, at R64m, was 80% down on the same period the previous year. The feed and other African operations’ profits were on a par with the previous year.
Thibaut Eissautier, the chief procurement officer at Diageo, who joined the drinks manufacturer in August 2012, told buyers a downturn often makes CEOs more receptive to new options and approaches. “It is an opportunity to try new approaches and develop a competitive advantage. I’m convinced one of the roles of buyers is to test the riskiest solution and to try and syndicate that within the company,” he said. Eissautier also said although recessions present both positives and negatives for purchasers, they do advance the cause of the profession by providing a more visible profile for activity and stakeholders who ...(Read Full Article)
SABMiller planned to boost beer volume sales in Africa by between 7 percent and 9 percent a year by slashing prices, using more local grains and cheaper packaging, and negotiating better tax terms with governments, the company said yesterday. “On average the African continent [in terms of gross domestic product] will grow 5 percent to 6 percent per annum we think… we would expect to capture maybe 2 to 3 percentage points [beer volume sales growth] above that,” SABMiller Africa’s finance director, Jonathan Kirby, told the Reuters Africa Investment Summit in Abuja, Nigeria. He said the brewer planned to ...(Read Full Article)
Last November a fire ripped through the clothing factory owned by Tazreen Fashions in Bangladesh, killing 112 people and injuring a further 150. After the fire, Wal-Mart said that it was unaware that any of its own-label clothing was being produced in the factory and had not authorised anyone to manufacture goods here for them. A report by Bangladeshi authorities suggested that the factory had not been fit for use and the retailer was criticised for not knowing where in its supply chain that goods were being produced. Wal-Mart said that it will be donating $1.6m to the Institute ...(Read Full Article)
Diageo will spend around £100m refocusing its global supply and procurement operations to reflect acquisitions in key emerging markets, but says the streamlining operation will probably mean job losses. Beer, wine and spirits giant Diageo announced today that it will transfer responsibility for local operations to 21 individual markets, while reducing the role of five regional structures worldwide. Although Diageo said it expected the restructure to cost around £100m (circa. $150m) the firm said..................(Read Full Article)
Oxfam has accused the world’s largest food and beverage companies of being “overly secretive” about their supply chains. As part of its Behind the Brands campaign, the charity rated the organisations on their policies in seven areas: worker rights and conditions; development of farmers who produce ingredients; land management; water use; climate change; how they protect women’s rights; and the transparency of their supply chains, policies and operations.
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