Some people truly believe that China is going to stop being the world's workshop. It's been discussed and debated for years – I've had my stab at the subject before and I've seen many prominent writers proclaiming the end of China as a low-cost sourcing destination. But no-one's been right so far: China is still number 1. Why?
Earthquakes, rising fuel prices, diversity - there’s any number of reasons for the business to coming knocking on the CPO’s door. We’ve looked a lot this week at where the bigger issues are and how procurement has been reacting.
Procurement’s role in sustainability is predicated on its ability to influence suppliers’ compliance to sustainability policies, essentially policing the agenda. Yet given its unique role within the supply network, procurement needs to push for a more transformative role.
Welcome to the Year of the Dragon. If you’re a global company, or likely even if you’re not, you can’t ignore the immense influence that the Chinese economy will have this year. But it’s certainly a complex picture and there are various trends which will merit real attention for those wanting to stay ahead of events in the Far East.
Thought Leaders is a series of regular posts from experts from across industries and regions, looking at the issues procurement faces today. In this post, Tata Steel's director for procurement development, Nick Reeks tackles the practicalities of harnessing innovation and asks what procurement's role should be.
It’s probably a sign of progress in the way the procurement community sees itself that a panel discussion about value creation is able to go beyond talking about the question of ‘how important is it?’ to start talking about ‘how can we make sure it’s as effective as possible?’.
The team at Procurement Leaders towers are very excited about the latest issue of the magazine – we’ve got exclusive interviews, global news, market analysis, case studies, articles from top global CPOs and more. So we thought we’d give those of you who don’t yet subscribe a sneak peek of what we’ve been up to.
“There’s a symbiotic relationship in some ways between talent, risk and relationships,” Theresa Rynard, general manager of Rio Tinto’s global sourcing for services told me last week down the line from Singapore.
For long periods this year, the black stuff has been the main protagonist in the story of the markets. But just as prices at the pump have soared, steel prices have had a slightly quieter albeit equally important role to play in the volatility that has rocked businesses everywhere.
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