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Mintec Market MovementsThis free report contains analysis of recent commodity market activity affecting prices for agri-food ingredients, energy, packaging and other raw materials. Watch now – Spare a minute to see the power of Mintec Analytics or Or reduce your exposure to price inflation with Price Forecasts (18.7.2022)

KIRM PERPAR odvetniška družba o.p., d.o.o.: Pravni izzivi v času širjenja COVID-19 (19.3.2020)

Supply Management Daily: Seven top tips on procuring workwear (21.12.2018)

Supply Management Daily: IoT and MRO, bullet train woes, ambulance joint buying (28.11.2018)

Innovation Procurement newsletter update (7.12.2018)

BDC: Top 5 qualities of an effective supply chain manager (23.11.2018)

The supply chain is at the heart of your company’s operations. Your supply chain manager is in charge of your product’s journey, from sourcing materials to ensuring it meets customer demand. The position has evolved from being the company’s buyer, or purchasing manager, working in the back room to being part of the company’s backbone.  READ MORE 

Supply Management Daily: Sexy savings, Brexit medicine fears, Yokohama rubber supply (16.10.2018)

CBC: What we know about the new USMCA trade deal (05.10.2018)

Unrestricted trade. It’s written into the title of the North American Free Trade Agreement. But as details of the newly renegotiated deal (the United States-Mexico-Canada Agreement or USMCA) emerge, questions remain about what Canada’s signature guarantees in terms of protections, and what concessions were made.  READ MORE 

CBC: Why Canada and Mexico don’t see eye to eye on NAFTA dispute settlement (14.9.2018)

When it comes to trade dispute settlement mechanisms, Canada and Mexico agree that NAFTA needs one. They just don’t agree on which one is most worth saving.  READ MORE 

BNN Bloomberg: Canada frozen out as U.S., Mexico move forward on NAFTA talks (03.08.2018)

Canada has been rebuffed in recent attempts to engage on NAFTA with U.S. Trade Representative Robert Lighthizer amid talks between the Trump administration and Mexico, according to three people with knowledge of the negotiations.  READ MORE 

CNBC: Bank of Canada raises rates, says more hikes to come (13.7.2018)  

The Bank of Canada raised interest rates on Wednesday, as expected, and said further gradual rate hikes will be warranted, but warned mounting trade tensions will have a larger impact on investment and exports than previously thought.

SM news review 2018 – January to June (15.06.2018)

CBS News: 6 points of US-Canada trade friction (15.6.2018)

U.S.-Canadian trade disputes aren’t new. Over the years, they’ve included maple syrup, aircraft, lumber and milk. And of course, most recently, the Trump administration’s aluminum and steel tariffs. Here are some things you should know about trade between the two countries.  READ MORE 

CNN: Trump hits Canada, Mexico, EU with steel and aluminum tariffs (01.06.2018)

President Trump is imposing steep tariffs on steel and aluminum from three of America’s biggest trading partners — Canada, Mexico and the European Union.  READ MORE

SCMP: Congratulations to the over 200 emerging supply chain leaders who are taking their final steps towards earning the SCMP – Canada’s premier supply chain designation (01.06.2018) 

Over 200 SCMPTM designation candidates attended In-Residence Week (IRW) in Toronto from May 14-18, 2018 as one of the final steps towards earning their SCMP designations. IRW is an intensive week that allows SCMP candidates to synthesize, apply and test knowledge and skills gained throughout the SCMP Designation Program.  READ MORE

Stratfor: In Canada, a trade war emerges (25.4.2018)

Canada has a trade war on its hands — and it is one entirely of its own making. For the past four months, two of its western provinces, Alberta and British Columbia, have been exchanging blows over an expansion to Kinder Morgan’s Trans Mountain pipeline, which transports diluted bitumen from Edmonton, Alberta, to Burnaby, British Columbia.  READ MORE 

Bisnode: Novice november 2016 (9.11.2016): Novice

Digitalization: Top 10 strategic technology trends for 2017 – Gartner

The first three trends embrace “Intelligence Everywhere”. The next three focus on “The digital world and how the physical and digital worlds are becoming more intertwined” and the last four trends focus on “The mesh of platforms and services needed to deliver the intelligent digital mesh”.

Supply Chain Management: Running your supply chain with greater efficiency (28.10.2016)

Read this white paper at find out how technology solutions can ensure retailers’ continued success by: enhancing collaboration among various internal/external groups, standardizing processes and documents and acting as a central knowledge base to store and share data. Amber road

Procurement: Procurement Analytics 3.0 – more intelligent, strategic and powerful (28.10.2016)
Gep
Many procurement analytics begins and ends with spend analysis. Best- in-class procurement teams, however, are leveraging innovative analytics techniques and technology, in new areas, to drive greater value across their source-to-pay (S2P) processes. Your team can do the same!

Leadership: The best-performing CEOs in the world (28.10.2016)

There are many reasons for leaders to focus on the short term: slow growth, shareholder activism, political turmoil, to name a few. Yet some CEOs still manage to train their sights on the long term and deliver strong performance over many years. The 2016 list of top performers reveals who they are. Harvard Business Review

Leadership: Mastering the mechanics of reason and emotion (21.10.2016)

Over the past two decades, academic insight and real-world experience have demonstrated, that when companies channel their competitive and collaborative instincts, embrace diversity, and recognize the needs and emotions of their employees, they can reap dividends in performance. McKinsey 

DILF Orientering Nr. 3 September 2016: Challenges in creating “one procurement community” – (3.9.2016)

Strokovna revija

Bisnode: Novice avgust 2016 (31.8.2016)

Novice

Kairos Commodities Newsletter: Is Cheap Oil Good for the Economy? (17.8.2016)

About two years ago, the world was debating whether oil prices above USD 100 per barrel was the new normal. Little was the world prepared that the oil price would crash all the way down to USD 35 per barrel and set the tune for a new period where the price of a barrel rarely exceeds USD 50. While oil majors scrambled to cut high cost exploration projects, consumers and economists cheered in anticipation of additional disposable income that would spur economic growth. Following two years of lackluster economic growth the question bodes as to whether cheap oil really is good for the global economy.

The saying goes “ask three Economists one question and you get five different answers”, but at least the International Monetary Fund did find sufficient evidence to concluded that a low oil price does have a positive effect on the global economy – unless you are an oil exporting nation. At this point, the oil price seems to continue its choppy sideway movement in light of elevated stock levels, which have put so much pressure on physical oil storage facilities that oil tankers increasingly are serving as storage facilities off the coast of trading hubs like Rotterdam and Singapore.

At least some commodity producers seemed to have gotten a bit of breathing space over the summer. Chinese steel producers have been under continued pressure for much of 2016 due to sluggish steal prices and the government’s push for consolidation and capacity reduction. In a rare opportunity to catch a breath, China’s steel industry seems to have returned to the road of profitability for the first half of 2016 after overproduction resulted in crippling losses last year.

Nut lovers, on the other hand, would probably wish for an oversupply situation in light of the current “supply crunch”. First peanut prices went soaring on the back of rising Chinese demand and bad weather conditions, and now cashew nut prices are following as excessive heat and lack of rain is affecting producers in Africa and Asia. However, nut lovers may take comfort in this year’s bumper almond harvest in California (accounting for 80% of the World’s supply), which has made almonds the cheapest tree nut in the market.

Cotton is another commodity that has seen its price soaring. After hitting a low of 55 US-cents/lb in March 2016, the cotton price rallied by 50% before reaching its current level at about 70 US-cents/lb. While concerns about declining inventories based on the supply estimates by the US Department of Agriculture seems to have sparked the rally, speculators fueled to the rally as the open interest on the United States cotton futures market recently grew by almost 12% – an increase in the number of contracts outstanding and thus an influx of new buyers.

As always, one should not be swayed by animal spirits and forced into making rash decisions. However, there seems to be some indications that volatility in commodity markets is increasing, and we recommend to visit the Kairos portal and stay up to date on the latest price developments.

DILF Newsletter: Slow deciders make better strategies (15.7.2016)
Harvard Business Review
It can be difficult to split people into being good or bad decision-makers. General intelligence and business degrees can be good signs, but intelligent people with business degrees do not always agree on what works in strategy. But what about mindset?

DILF Newsletter: Collaboration is key to the South African supply chain (15.7.2016)
MH&L
In the earliest history of the logistics industry, traders operating across diverse geographies, cultures and economies knew they had to work together to expand their reach. But today, that spirit of collaboration has changed – just not in Sub-Saharan Africa. Read why.

DILF Newsletter: Solve the innovation puzzle – best practices of the leaders (15.7.2016)
Supply & Demand Chain Executive
Innovation is seen as a strategic goal for the organization and as a key enabler of success in the marketplace. But many organizations struggle to leverage innovation within their organization. Join this webcast to hear how leaders are making the most of innovative thinking.

KAIROS Commodities Newsletter: BREXIT! BREXIT! BREXIT! (14.7.2016)

In a shock result, the United Kingdom voted to leave the European Union by a slim 1.9% margin. Of the 33.6 million votes that were counted, 17.4 million people decided that they have had enough and opted to break away from the union after four decades. The vote exposed deep divisions within British society as an e-petition calling for a second referendum gathered over 4 million signatures. The petition was ultimately rejected, and Brexit remains a reality.

Political turmoil ensued: Britain’s prime minister David Cameron announced his resignation following a vigorous campaign to remain in the EU, and Scottish First Minister Nicola Sturgeon said she was “absolutely determined” to keep Scotland in the EU and a second Scottish independence referendum was now “highly likely”. Meanwhile, the leave campaigners proudly declared 23 June 2016 as Britain’s “Independence Day” in a bombastic speech that led certain comedians to draw parallels to the 1996 science-fiction movie of the same name.

One of the first Brexit casualties was of course the British Pound. The day of the EU referendum, it traded at USD 1.50, but briefly fell below USD 1.30 for the first time since 1985. HSBC is forecasting USD 1.20 as a likely destination, whereas George Soros, famous for breaking the pound on a previous occasion, suggested the British currency may reach parity with the Euro. Apparently the shocks to the Pound were so severe that it briefly became more volatile than the bit coin, the notoriously volatile cryptocurrency.

On the commodity side, the big gainers from the Brexit vote were of course precious metals as is usually the case when politics induce a hefty portion of uncertainty to the financial markets. However, the effect on other commodities was largely muted and prices quickly stabilized after the initial shock. For example, Brent crude largely recovered losses after a steep fall following Brexit as shrinking stockpiles in the United States and supply disruptions in Canada and Nigeria added momentum to the rebound.

Nonetheless, the oil market is still searching for an equilibrium. According to the International Energy Agency, the oil market will not find a sustained balance until 2017 even as growing demand and supply disruptions are reducing the supply glut. As a testament to the new “oil-order”, Rystad Energy revealed in a market survey that the oil reserves of the United States now are larger than some of the World’s biggest oil exporting nations such as Saudi Arabia and Russia.

And oversupply still seems to be the theme for most commodity markets. Jean-Sébastien Jacques, the new Chief Executive of mining giant Rio Tinto, warned there is no end in sight to the commodities downturn and that a supply glut will continue to put pressure on prices. Perhaps that was also why Rio Tinto decided to sell its interest in an Australian coal mine for less than a cup of coffee. We would like to refer our readers to the Kairos portal for further commodity bargains.

DILF: Procurement in 2025: Five megatrends and their implications (24.6.2016)

Procurement organizations are facing a decade of change. A change that offers the potential to shift its function from largely tactical in scheme to functionally strategic to enterprise-wide value driver of business outcomes and operations. This white paper outlines some predictions of the changes that will have the greatest industry impact in the decade to come, their implications and how to prepare for the future. gep

DILF Newsletter: Choices that drive supply chain excellence (24.6.2016)

Is your job on a treadmill – you keep running faster but do not get anywhere? Supply chain managers are often overwhelmed with choices and information. Here is a step-by-step guide to strong leadership responses to the cycle of choice overload.
SupplyChain247

DILF Newsletter: How the fourth industrial revolution is powering the rise of smart manufacturing (24.6.2016)

Technology is all around us and it is changing our lifestyle and consumption. Right now, a host of new technologies are driving a wave of innovation that takes us into a new age and fundamentally alter how we make stuff. It signals an era of huge change. World Economic Forum

DILF Newsletter: How to bounce back after a failed negotiation (5.6.2016)

Sometimes a negotiation does not go your way and you might appear to be the “loser”. How do you safe face after that? And how do you make sure your relationship with your counterpart is intact? This article gives you some advice, principles to remember and case studies. You can also see the video “Controlling your emotions during a negotiation” that explains how feelings influence deal making.
Harvard Business Review

DILF Newsletter: Procurement professionals are underpaid and unrecognized (5.6.2016)

Procurement professionals agree that salaries are too low, and a recent report shows that average global salaries has decreased 7.5%. What can be done about that? This article gives you some ideas on how to make more money and help advance the professions.
Supply Chain Quarterly

DILF Newsletter: Why popular strategies always fade (5.6.2016)

Many different strategy concepts have been seen through the ages, but often they fade into the background after a few years. Very few have had a lasting impact. Why is that? And what is a great strategy? strategy+business

DILF Newsletter: What is the best way to begin a lean or continuous improvement journey? (5.6.2016)

How do you best begin a lean journey? And especially if your company does not have the resources on staff to launch that journey? This article suggests four things that the senior management team should pull together to start a lean journey. IndustryWeek

DILF Newsletter: 10 principles of strategic leadership (20.5.2016)

Is a company more likely to succeed if it brings in leaders from outside, or if it is led from within? And how do you develop and retain leaders who can guide your organizations through times of fundamental change? Get the answer in this article, which gives you 10 principles of strategic leadership. strategy+business

DILF Newsletter: 5 key components of a dynamic supply chain (20.5.2016)

We have moved to a world that moves very fast and where the control is in the hands of the consumer. The traditional, linear value chain may not be able to respond efficiently and quickly enough. Here are five key components required to build a dynamic supply chain. Capgemini

DILF Newsletter: Google’s advice to manufacturers: 9 ways to sustain innovation (20.5.2016)

“If there is any industry where innovation is the mother of necessity, it is this industry,” says Michael Walton, the global head of Manufacturing Industry for Google at Work. He outlines nine ways to sustain innovation in manufacturing. IndustryWeek

DILF Newsletter: It is a question of when, not if, real trouble will hit in China (20.5.2016)

China’s debt has increased just as quickly over the past two years as in the two years after the 2008 crunch. But the longer the country delays a reckoning with its problems, the more severe the eventual consequences will be. It is too late for China to avoid pain. The Economist

DILF Newsletter: How to create value in transport and logistics (20.5.2016)

Transportation and logistics companies need to make bolder strategic choices than ever before to unlock growth and profitability in the challenging sector. A number of powerful megatrends will now create unprecedented opportunities to enter new markets and redefine existing business models. This article, which was published in DILForientering a few months ago, focuses on how transportation and logistics businesses can increase their economic profit. McKinsey & Company

DILF Newsletter: How to manage risk inside and out in procurement (29.4.2016)

In order to manage supplier risk, procurement needs a deep understanding of the suppliers we source from, as well as the geographies and markets we (and they) are involved in. This article focuses on risk and methods to monitor and mitigate it. Determine

DILF Newsletter: 10 tips for getting benefits of going both green and lean (29.4.2016)

Focusing on going green or saving money does not have to be an either/or proposition. Here are 10 tips for creating efficiencies that have both environmental and financial benefits. Read also “Can you afford to build green?“, which concludes that you cannot afford not to go green. MIT Sloan Management Review & Inbound Logistics

DILF Newsletter: Deloitte: Companies are thriving in uncertainty by shifting cost strategies in turbulent global markets (29.4.2016)

Deloitte’s fourth biennial cost survey finds that global economic factors have a major impact on cost improvement priorities and actions for large multinational companies. Those with a high growth are taking cost actions more typically associated with businesses in distress. Deloitte

DILF Newsletter:How to succeed in one of the most profitable industries in the world (1.4.2016)

Freight forwarding does not get much attention, even though it is one of the world’s most profitable industries. The key to succeeding at those customized services is the ability to engage existing and potential customers intelligently and ask the right questions. Supply Chain Management Review

DILF Newsletter: 2016’s top business risks (1.4.2016)

Business interruption retains its top spot for global corporate risks for the fourth year in a row in Allianz Global Corporate & Specialty’s Risk Barometer. The top five in the barometer are market conditions, cyber incidents, natural catastrophes and changes in legislation. Read why. Supply & Demand Chain Executive

DILF Newsletter: What low oil prices really mean (1.4.2016)

Nobody really knows what oil prices will be in the future, but it looks like we have entered a new normal of lower oil prices that will impact not just oil and gas producers, but also every nation, company and person depending on it. So what could a decade of lower oil prices mean? Harvard Business Review

Kairos Commodities Newsletter: Understanding the commodity fundamentals (15.3.2016)

Do you remember the developments in the aluminium market from 2006 to 2010? Price changes in excess of 500 USD/mt in the span of a few months were almost the norm during this period. Using classical supply/demand theory on real examples in the aluminium market, Kairos Commodities has investigated what caused the extreme volatility. With input from one of Spain’s premier breweries, this article will seek to explore the very fundamental mechanics of commodity markets and highlight some of the warning signals that indicated an imbalance in the market. “Understanding the commodity fundamentals” by Jens Bech Petersen

Kairos Commodities Newsletter: The Bottom of the Commodity Bear Market(?) (15.3.2016)

First there was “Grexit” and now there is “Brexit”. Whereas the Greeks were threatening to leave the Eurozone due to their country’s economic trouble, Europe’s migration crisis and the never-ending euro mess seems to have spurred United Kingdom to reconsider its EU membership – click here for the Economist’s background guide. Naturally, this has ignited a wild debate on the potential benefits and detriments for a British exit – both political and economic. Whether Britain stays or leaves will be decided on 23 June 2016.

As a testament to the Eurozone’s sluggish economy, prices across the Eurozone fell back into deflation in the month of February. This is of course an unwelcome surprise amidst hopes that the Eurozone’s economy finally was recovering, and prompted the European Central Bank to push the interest rate further into negative territory. According to Eurostat, the Eurozone’s annualized inflation rate came in at -0.2 %, down from 0.3 % in January 2016, driven a fall in energy prices.

The global economic slowdown is also apparent beyond European borders. This month, China’s official manufacturing purchasing managers’ index fell to 49, which marks the seventh straight month of decline and the weakest reading since February 2009. While speculations are abounding as to whether China is the cause or the effect of the global economic slowdown, the Chinese government is already confronting the country’s overcapacity across a number of industries. For example, the steel and coal industry alone are set for 1.8 million job cuts over the next five years.

Consequently, 2015 saw the largest drop in the value of goods traded since 2009 when the global financial crisis was at its worst. Without a tremendous turnaround in the global economy, the sluggish trade is likely to be the norm for 2016 – making it the fifth straight year of lackluster growth. Although the world has not seen such depressing development in global trade since the 1970s, one should note the effect of deflation as trade measured in volume actually grew by 2.5 percent.

While a slowdown of the global economy seems inevitable, there are some indications that commodity prices finally may have reached a bottom. One would have expected record high US crude oil stocks would tank the oil price, but that did not take place in February 2016 when the United States reported its highest level of crude oil stocks since the Great Depression. On the contrary, crude oil prices remained stable. Similarly, iron ore has rebounded about 30 percent this year, and industrial metals such as copper, zinc and aluminium have risen to their highest levels since the autumn. Could now be the right is the time to place hedges? Stay up to date on the Kairos portal.

CIPS: Supply management magazine (14.2.2016)

From January 2016 the new Supply management magazine is available as a PDF electronic ‘page turner’ that can be found in the member only section of the CIPS website. It contains all your news, opinion and analysis in the same place as knowledge, training and qualifications along with information about CIPS events and more.

 In addition to this a weekly email bulletin will be produced which contains dedicated news stories for your geographical region. 

 You can access the magazine on the following link http://www.cips.org/en-gb/knowledge/welcome-to-cips-knowledge/

Supply Chain Digest: Predictions for procurement in 2016 (14.2.2016)

Procurement is focusing more and more on creating new types of value and category management is the top ranked area that procurement executives are planning to invest in. These are some of the results of an annual study. Read more about what is top of mind in procurement over the coming year. SupplyChainDigest

Supply Chain247: Conventional wisdom in supply chain management – true or false? (14.2.2016)

Supply chain management has experienced a series of transformations, often followed by conventional wisdoms – which are not always right. This article examines whether six conventional wisdoms are true or myths, e.g.: “Show your employees a better way and they will use it”. SupplyChain247

Future Purchasing: Procurement needs a more disciplined approach to managing cost risk (14.2.2016)

Procurement has to develop a more disciplined approach to managing cost risk because of the sustained period of volatility in commodity markets, according to DILF and Future Purchasing. This article argues for volatile commodity management as an emerging professional discipline in procurement. future purchasing

DILFs nyhedsbrev: It is a matter of using appropriate strategies and methods for different situations (22.1.2016)

Kraljic’s famous model from 1983 is still relevant. But since different companies face different challenges (for example, different kinds of supply risk) it makes sense to adapt the model to suit the context. Another question this article presents is: “Is Kraljic’s model compatible with a focus on sustainability?” Get the answer here.

Manufacturing.net: China’s economic growth wanes to 25-year low in 2015 (22.1.2016)

China’s growth has fallen steadily over the past five years as the ruling Communist Party tries to steer away from a worn-out model based on investment and trade toward self-sustaining growth driven by domestic consumption and services. The slowdown has rippled around the world. Manufacturing.net

Supply&Demand Chain: Risk MGMT: Sustainable supply chains and bottom lines – not mutually exclusive (22.1.2016)

Sustainability is evolving from a nice-to-have to a business imperative. Businesses are beginning to recognize that what is good for the environment can also help drive business growth. Actually 50 percent of Millennials are willing to pay more for sustainable products and 39 percent do research into the sustanability practices of companies before making a purchase. Supply & Demand-Chain excecutive 

Industry week: What is world class manufacturing? (22.1.2016)

And how do you measure it? When a company and its factories are competitive in global markets they wish to serve. But how does your company become world class manufacturing? This article will present four stages of becoming world class manufacturing. IndustryWeek