Susan Parker, director of purchasing and logistics with Kenmark Eyewear, defines the essentials of social and regulatory compliance, and describes how companies can achieve excellence on both fronts.
Balancing daily operations and long-term strategy is at the forefront of every chief financial officer's mind, and in a business environment that is often riddled with a multitude of daily challenges and high demands on time, a focus on long-term success is required to maintain a company's competitive edge.
So you think you've anticipated every possible disaster in your supply chain risk-management plan? How about snakes and alligators in your clean rooms?
In 2014, losses in Europe, the Middle East and Africa as a result of cargo theft totaled $80m, according to the Transported Asset Protection Association. TAPA reported an average of three major cargo crimes occurred each day in 2014, targeting high-value, easy-to-steal goods in the supply chain, with an average loss of $221,000 each day.
The United States holds the unenviable position of having a higher statutory corporate tax rate than any of our major trading partners - and all OECD countries. Among 135 nations, the U.S. rate is exceeded only by the United Arab Emirates.
Project Passport, launched by SPI: The Plastics Industry Trade Association, is intended to provide companies in the food packaging supply chain with a suite of communication tools and educational resources to help convey relevant information about their products to ensure compliance and address the concerns of consumers and customers.