Adopting a tactic widely used by 3G Capital, the Brazilian private investment group behind the recent merger of Heinz and Kraft Foods, a growing number of the world's largest food and packaged goods companies are asking their suppliers to give them as much as four months to pay their bills - even though they typically require payment from their own customers in 30 days.
China became the largest manufacturing economy in the world (with a 23.2 percent share of manufacturing activity) through extremely fast growth in the physical volume of value-added and modest inflation. The U.S. is in second place with a 17.2 percent share. China has more than four times the population of the United States, and though its manufacturing intensity of $1,978 per capita value-added in 2013 is high for a developing economy, it is well behind advanced countries such as the United States ($6,338).
Several reports have confirmed that Amazon will shutter its Webstore service by July 2016. Amazon has notified its online retailers that are using the ecommerce platform on their own sites of the shutdown, according to SmartBusinessTrends.com.
Maverik is a chain of convenience stores that is currently in an aggressive growth mode. Procurement manager Bart Ward tells how the company is handling the transition, and adjusting its supply chain accordingly.
Ocean freight rates for cargoes moving under contracts on major East-West routes have increased for the first time in years, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers seeking to more closely monitor their international freight costs.
Best Buy Canada, a subsidiary of Best Buy Co., announced it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand and unveiled a plan to build a leading multichannel customer experience.
Fragmentation in the healthcare industry's supply chain inhibits the ability to evaluate clinical efficacy of purchased supplies, as well as identify opportunities to improve efficiency.
Amazon has announced that its Prime Now service has expanded to the Dallas area, offering one-hour delivery on tens of thousands of daily essentials through a mobile app.
The latest supply-chain news, analysis, trends and tools for executives in the food and beverage industries. Learn how food and beverage companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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