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This was evident in the apparel industry, where brands such as Nike faced delays after tariffs on Chinese textiles prompted a shift to suppliers in Vietnam and Bangladesh. When duties render traditional sourcing unprofitable, companies must reconfigure supplier networks, often under tight timelines.
As part of the conference, I’m delivering a talk on five predictions that every procurement professional should consider. These aren’t so much “predictions”, as opportunities that procurement professionals should become aware of, and educate themselves on.
Other indicators included data pulled from the Federal Reserve economic database, the Producer Price Index, the Purchasing Managers Index, as well as internal metrics such as the size of the company’s own sales force. They discovered that there were several leading indicators of demand, including coal (a 10 month leading indicator).
Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand. Because one of the major costs in a business, if you take in procurement and cost of goods, is supply chain. There’s Bangladesh in the garment industry.
A former journalist, she first became aware of the need for an intensive training regimen in Bangladesh, site of multiple labor violations and worker deaths. One of the company’s initiatives in Bangladesh is exploring application of the training to Tier 2 suppliers, although it has yet to proceed to that level. “We in new financing.
The collapse of the garment factory in Bangladesh last week , which killed at least 705 workers and injured thousands of others, has put a spotlight on a problem that plagues many supply chains: the use of slave labor. appeared first on Talking Logistics with Adrian Gonzalez.
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