💰 P&G braces for $2.2B impact from supply costs.
P&G, which owns Tide and Gillette, has stated that the company is expecting to incur $2.2B in costs due to inflation and material costs. Now the company is facing even more pressure due to the continually increasing inflation. They have even implemented price increases of about 4.7 percentage points.
The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.
A recent analysis conducted by Nikkei Asia and Tokyo’s Fronteo has revealed that nearly 40% of the suppliers for materials used in Tesla's batteries are Chinese companies.
AeroCision, an aerospace supplier, has received interim court approval to pay critical vendors up to $5 million, including recent shipments made before filing for Chapter 11 bankruptcy.
Overstock's acquisition of Bed Bath & Beyond's intellectual property in a bankruptcy auction for over $20 million in June has proven to be a boon for the company.
A new report by experts in human rights and the solar industry has raised concerns about the solar supply chain's lack of transparency amid human rights issues.
An investigation by the International Union for Conservation of Nature (IUCN) Netherlands and AidEnvironment analyzed the palm oil supply chain in Colombia.
DHL Express is set to invest $192 million in constructing an aircraft maintenance facility at Cincinnati/Northern Kentucky International Airport (CVG), the location of its primary U.S. air hub.
CPOs face challenges in meeting cost plans due to inflation but are prioritizing operational efficiency, ESG initiatives, digital transformation, and cost reduction, according to a Deloitte survey.
Walmart and Sam's Club have announced an enhanced seafood policy aimed at improving transparency and data collection in the tuna supply chain.
Walmart suppliers have made significant progress toward achieving the retailer's goal of reducing greenhouse gas emissions from its value chain.
Bill Benton, the co-founder of Gains, highlights the reasons why planning processes often fail to effectively address inventory challenges.
Maximizing the business intelligence obtained from supplier information is crucial in manufacturing.
Big Lots, in response to product shortages caused by the closure of UFI, has adopted various procurement strategies.
While supply chain disruptions have eased, inflation continues to persist.
A recent study by Supplier.io has stated that there are 5 ways successful companies can boost business with minority-owned firms to attain a more diverse supplier base.
In 2020, the coronavirus swept the world and had a detrimental impact on the economy.
PFAS are a group of man-made chemicals that are used in a variety of industrial and consumer products, including food packaging, non-stick cookware, and firefighting foam.
The latest effort of Amazon is to cut as many costs as possible, including buying products directly from brands instead of using middlemen.
Modern-day slavery is a serious human rights issue that affects millions of people around the world.
An excess of merchandise is sitting untouched on US retail companies’ shelves.
Creating a diverse supplier chain seems to be at the forefront of the minds of CEOs, however only 38% of companies actually measure any metrics to make that happen.
Fostering good and cohesive relationships with suppliers may not be a top priority for a logistics manager.
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.