Every supply disruption, according to Rick Hughes, is an opportunity. The CPO of P&G described to the World Procurement Congress how the consumer goods companies has changed and grown from past disruption.
A great start to the World Procurement Congress. Eva Wimmers, SVP of group procurement at Deutsche Telekom kicks off the two-day event, with a call to action for taking purchasing forward in the future.
As reported today by the PLN, a recent survey found that half of UK-based businesses check their suppliers for compliance to the UK Bribery Act. Interestingly, a mere 6% of the sample in the by Ernst & Young research stated that they would re-tender if they found a non-compliant supplier.
A number of reports have emerged of a rise in West African pirate activity. Only yesterday, an oil tanker was hijacked off the Ivory Coast. In 2012 there were 62 pirate attacks in Africa’s Gulf of Guinea. Off the coast of Somalia, there were only 75 incidents last year.
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