Global supply chain management - Articles - Page 222

Government Official Aims for Tariff-Free Automotive Supply Chains in UK

November 4, 2016

Business secretary Greg Clark has said the UK government will approach Brexit negotiations with the aim of achieving tariff-free access to EU markets for the automotive industry. This was among the assurances he gave to Nissan before the automaker announced the next Qashqai and X-Trail models would be built in Sunderland, the UK's biggest car plant, Clark said.

Clean Ships to Jump the Queue at Panama Canal, Officials Say

November 4, 2016

Maritime Executive

The Panama Canal Authority (ACP) has unveiled a new recognition program for clean operators that will help them to get ahead of the pack for transit bookings. The ACP calls the new system "environmental premium ranking."

Consumer Spending Rebounds With Biggest Jump Since June

November 4, 2016

Los Angeles Times

Consumer spending rebounded strongly in September, rising the most in three months as incomes also improved, the Commerce Department said this week. The 0.5 percent jump in personal consumption expenditures provided momentum for a key driver of the U.S. economy heading into the year's final quarter and could push the Federal Reserve closer to another small interest rate hike.

Container Shipping Market Is Unpredictable, But Prices Are Climbing, Xeneta Reports

November 3, 2016

Xeneta

An in-depth analysis of Q3 container shipping costs revealed positive trends for the container carrier segment, according to Xeneta, a market intelligence company for containerized ocean freight. However, the market remains unpredictable, with the 'Hanjin Effect' ebbing away, Xeneta says.

Top Table Support Is Key to Tackling Supply-Chain Slavery, Survey Finds

November 3, 2016

Supply Management

The number of senior executives actively engaging in modern slavery issues has doubled among companies leading on the issue, according to a survey of businesses by the Ethical Trading Initiative and Hult International Business School. There were twice as many CEOs and other senior executives in their sample engaging in the issue since the Modern Slavery Act came into force last October.

U.S. Commerce Department Reports Fall in Durable Goods Orders

November 3, 2016

CFO

U.S. durable goods orders fell in September, confirming another weak quarter for business spending, but core capital goods showed some signs of a recovery. The Commerce Department said orders for items meant to last three years decreased $0.3bn, or 0.1 percent, to $227.3bn in September, following a 0.3 percent increase in August.

U.S. Trade Continues Decline Despite Economic Growth

November 3, 2016

The New York Times

The constant flow of goods from Asia to the United States was briefly interrupted last month after Hanjin, the South Korean shipping line, filed for bankruptcy, stranding several dozen of its cargo ships on the high seas. It was a moment that made literal the stagnation of globalization.

Millennials Want Companies to Adopt New Identity Verification Approaches

November 2, 2016

MultiChannel Merchant

When it comes to sharing personal information, millennials are reluctant. There is a gap between millennials wanting to secure access on all connected devices and their willingness to sharing data, according to a study by Lexis Nexis Risk Solutions. This could be a wake-up call for businesses to find solutions that minimize the amount of data they have to collect.

Scotland Councils Club Together to Grow Local Supply Chains

November 2, 2016

Supply Management

Three councils in the North of Scotland say they hope by combining their procurement operations, they can incentivise key suppliers to invest in local supply chains. Aberdeen City Council, Aberdeenshire Council and Highland Council will be encouraging primary suppliers to increase their local footprint and help deliver social value.

South Korean Government to Fund Shipbuilding

November 2, 2016

Maritime Executive

South Korea's finance minister has announced the government plans to support orders of 250 or more vessels by 2020 to help local shipbuilders. The government plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73m) to help improve the financial health of Korean shipping companies.