Procurement Fraud for Nigeria’s Largest Oil Company
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Procurement Fraud for Nigeria’s Largest Oil Company

Vulnerabilities in the public procurement process for Nigerian National Petroleum Corporation (NNPC) are being exposed in a recent bid. The public procurement process in Nigeria forbids any form of insider dealing or exploiting information that is not made public. However, a recent bid for slop oil seems to indicate that two of the three bidders…

Port Closure Could Add to Global Supply Chain Woes

China has closed the Meishan Terminal, a critical terminal of the Ningbo-Zhoushan port, from all inbound and outbound operations due to a worker at the terminal testing positive for COVID. The Meishan Terminal is crucial terminal that services shipments to the United States and Europe. The Ningbo-Zhoushan port is the world’s third busiest shipping port. So,…

Back-to-School Could Be Derailed by Global Supply Chain Problems

I don’t envy being a supply chain professional over the last couple of years. The global pandemic has created a domino-effect of supply chain problems around the world. It started off with toilet paper shortages, moved to furniture shortages and now, the upcoming school year could be marred by a shortage in back-to-school supplies. With…

The Alibaba of Metals?

Alibaba is best known for being THE b2b marketplace for matching suppliers with business customers. Now as everything in the supply chain is rising in costs, Reibus International is running an industrial metals marketplace. B2B doesn’t get the spotlight consumer businesses get but is where a lot of opportunity lies. [Read on about the industrial…

A Great Time to be a Semiconductor Manufacturer

The semiconductor chip shortage has been well documented, but now is a great time to be in the semiconductor business. Why? Countries around the world are taking notice of the chip shortage and are clamoring over themselves to attract chip manufacturers to build factories in their country and mitigate against future chip shortages. Semiconductor companies…

Cargo Container Chaos Leading to Sky-High Fees

Brace yourselves for more logistical nightmares and sky-high shipping costs. We just got quoted $20K for a shipping container. We usually pay $3K — Dave Llorens (@davellorens) June 25, 2021 Due to the pandemic, shipping ports & terminals are having trouble hiring enough trained people to process all the backlog of ships at shipping terminals….

Logistics Companies Struggling Amidst Surge in E-Commerce

Despite a global pandemic, e-commerce sales has skyrocketed in the last year. The major shipping players like Fedex and UPS are struggling to keep up with demand with this surge in e-commerce sales. During March and April 2021, only 87% of FedEx Ground shipments arrived on-time. While for UPS, 95% of shipments reached their destination. The…