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Image via Flickr Christian Cable In 2012, Hostess filed for bankruptcy. At that time, the company announced that it would no longer manufacture Twinkies or many of the brand’s other goodies. This caused an uproar, and the little spongy cakes started flying off the shelves. Hostess has since completed major rebranding and is finally making…
Image via Flickr by zackzen Every day the Baltic Exchange in London releases the Baltic Dry Index, which tracks the prices of shipping bulk freight. This week, prices are up 14 percent over last week, and have reached the highest level of the current year. Though most company representatives only agreed to speak with reporters…
Image via Flickr by andjohan We’ve all heard news reports about companies shutting down their US factories and moving those jobs overseas, causing hundreds and thousands of Americans to become unemployed. How could outsourcing possibly be good for the local economy when it immediately results in lost jobs?Oops! You don’t have permission to view this…
Image via Flickr by GovernmentZA There are tons of terms related to procurement, many of which are so commonplace or self-explanatory most people don’t need a glossary to understand them. Here is a list of key procurement terms, especially acronyms, that can be confusing without a definition.Oops! You don’t have permission to view this page!…
Image via Flickr by azza-bazoo According to Reuters, “Japanese trading house Mitsubishi Corp said it is entering Australia’s diesel market by building a $103 million gas oil import terminal to tap growing demand and as a closure of several refineries has squeezed domestic supply of the fuel.”Oops! You don’t have permission to view this page!…
Image via Flickr by Mark Hillary Outsourcing the production of goods is not a new thing. Companies know they can manufacture most products for cheaper overseas and still charge consumers high prices. Consumers don’t blink an eye because it is a common business practice that they’ve come to accept. Outsourcing is a business decision —…