One of the big procurement stories from this year continued to rumble on this week as Foxconn, supplier to technology companies such as Apple and Dell announced that it would be raising staff wages and decreasing working hours after the Fair Labor Association (FLA) carried out its inspections at factories in Apple’s supply chain.
“You have to be good at rice and beans, but it will never get you a Michelin star”, Unilever CPO Marc Engel told a crowded room of procurement executives during his keynote speech at the Procurement Leaders Vienna Forum. The colourful reference was to demonstrate his function’s drive to take procurement to the next level and he was quick to admit that value through cost-savings, something his teams have had considerable success with, was only part of the journey.
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