Here's what we can learn from the Federal Trade Commission's recent $1 million fine against Williams-Sonoma — and practical advice for companies interested in making “Made in USA” and other U.S. origin claims in their advertising and labeling.
The concept of sole sourcing is as old as that of strategic sourcing. Call it vendor consolidation, volume concentration, or reduction of part-number proliferation, the endgame is always the same: reduce the number of vendors at the part and enterprise levels, to help drive cost efficiencies.
The coronavirus pandemic has affected virtually every country in the world, but the ability to combat it with essential medicines varies widely. Low- and middle-income countries (LMICs) are finding it especially tough to access medicines, and ensure the safety and quality of those products that are available.
Supplier financial distress warnings have jumped 119% this year as regional lockdowns, plant closures and employee quarantines caused by the coronavirus pandemic have frozen cash flow and revenue for thousands of companies.