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Global retail giant Walmart Stores Inc has adopted a ‘zero tolerance policy’ towards suppliers and it would soon end contracts with the suppliers who are subcontracting work to factories without any intimation to the retailer.
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Power of Mega Retailers?
The tragedy of waste: A new report by the Institution of Mechanical Engineers has found that as much as 50% of all food produced around the world never reaches a human stomach due to issues as varied as inadequate infrastructure and storage facilities through to overly strict sell-by dates, buy-one-get-one free offers and consumers demanding cosmetically perfect food.
The biggest annual loss on record by a Japanese manufacturer jolted executives into action at Hitachi Corp., the century-old electronics and engineering behemoth that takes its name from a wind-swept industrial city on the Pacific Coast.
In the charred bones of the Tazreen Fashions Ltd. factory, the labels and logos -- sewn and printed in scarlet and royal blue -- beckon from the ashes. Even in ruins, there's no missing that these T-shirts and jeans were intended for U.S. stores and shopping carts, designed as bargains too good to pass up, or stocking stuffers just in time for the holidays and in just the right size.
Tazreen has been in news before for this same kind of thing.
Sumikin Bussan Corporation, a unit of Sumitomo in Japan, has shifted its lingerie production base to Thailand and other Asian countries to reduce risk from relying solely on China.
Samsung told The Korea Times on Monday that it will end its LCD panel supply relationship with Apple as of next year. That’s according to a “senior Samsung source” who declined to be identified, citing insufficient margins owing to Apple’s supply pricing strategy. Samsung’s role in Apple’s LCD supply chain has dwindled, with the Korean company reportedly cut out of iPad mini production, but Samsung’s decision to pull the plug may have been a pre-emptive strike by the parts manufacturer owing to a declining relationship between the two.
The BRIC countries are far from being the only emerging market suppliers for the global apparel sector - and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are also smaller players who are looking to grow.
Life in the 21st century wouldn't be the same without rare earth metals. Cell phones, iPads, laptops, televisions, hybrid cars, wind turbines, solar cells and many more products depend on rare earth metals to function. Will there be enough for us to continue our high-tech lifestyle and transition to a renewable energy economy? Do we need to turn to deep seabed or asteroid mining to meet future demand?
The global expansion of higher education allows work traditionally reserved for the West to be done more cheaply and just as well in emerging nations, write Phillip Brown and Hugh Lauder. The result is that the wages and working conditions of western employees no longer set the global benchmark.
One of the world’s largest producers of consumer goods said the macro environment is weak, especially in Europe, and the U.S. market is likely to improve after the election later this year. That was the assessment issued by Li & Fung as the outsourcing giant presented its latest earnings report on Thursday.
There are a number of reasons why apparel buyers continue to focus on the top 20 exporting countries, according to Mike Flanagan. With little room left to manoeuvre on price, sourcing decisions depend on a whole range of different parameters - which is why forecasts for new supply bases are usually wide of the mark.
The future of global apparel sourcing is likely to lie with emerging Asian countries as China's position as the leading global garment supplier is weakened by rising labour costs and exchange rate appreciation, according to the first edition of a new report from just-style.
The Worldwide Sourcing Study analyses the main sourcing trends in Europe and America and identifies new sourcing alternatives, matching corresponding zones for each type of product. Foremost is the issue of increased raw material prices and the growing cost of manufacture, especially in China. Consequently, large textile buyers’ established habits have been turned upside down, prompting them to seek new options.
The world's third largest chain shop retailer -- Tesco -- has officially shown its keen interest to source a number of non-RMG (readymade garment) products from Bangladesh.
When Walmart’s chief executive, Michael Duke, appeared at a Council on Foreign Relations meeting in New York this month, a raucous crowd of protesters awaited him. Walmart was confronting reports of bribery in Mexico, a wave of labor demonstrations in the United States and, perhaps most critically, questions about a grisly fire that had killed 112 workers at a Bangladeshi garment factory used by several Walmart suppliers.
Shrinking orders prompt small businesses to find fresh solutions for controlling costs. Getting professional advice on how to attract more buyers from overseas via business-to-business platforms is a new trend among small and medium-sized enterprises in China as the European financial crisis severely weakens the export industry.
Walmart today further strengthened its commitment to a sustainable global supply chain by announcing a series of initiatives to make the company’s supply chain in the United States, China, and around the world more sustainable.
Sourcing from global suppliers, like its cousin off-shoring of manufacturing, is among the most effective strategies procurement can employ to manage costs and, just as important, achieve higher value. But its effectiveness hinges on procurement’s due diligence–fully examining all the costs involved, including indirect costs. Is a potential threat to national security, however fuzzy, a legitimate indirect cost to consider? Yes, it is something to consider as part of an overall risk-management strategy.
Li & Fung Ltd , a global supplier of apparel, is in advanced talks to buy Synergies Worldwide, a small, New York-based supplier, a source familiar with the matter said on Thursday.
Global supply chain manager Li & Fung Ltd on Thursday outlined a new sourcing arrangement between its unit, Direct Sourcing Group Pte Ltd, and Wal-Mart Stores Inc that supersedes the previous buying deals made in January 2010.
Counterfeit documentation, ancient protocols, and immature risk assessment procedures are just the start of the problems food manufacturers face when sourcing ingredients from the other side of the globe.
Anyone following North Korean press may have noticed the country seems to be indulging in some sort of construction boom recently. Kim Jong-un seems to be constantly opening impressive new amusement parks, and recent photos from Pyongyang showed large-scale projects and gleaming towers hitting the skyline. Then, of course, there's the rocket launches, and the rumors of another atomic bomb.
Gartner’s “Predicts 2012: Four Forces Combine to Transform the IT Landscape” states that by 2014, 20 percent of Asia-sourced finished goods and assemblies consumed in the U.S. will shift to the Americas.
In China, the word on the street is that Apple is moving 50% of its display sourcing to Japanese maker Sharp.