Ferrari is one of the best known high-performance vehicle brands around the world. Customers expect nothing but the best, and Ferrari delivers. That’s why the company has been so successful to date. However, demand for the Ferrari brand in new markets is presenting challenges to its supply chain. Ferrari must produce more vehicles without compromising…
The UK spends £178bn on public procurement each year. Scotland sees this as a great opportunity to invest in UK’s struggling economy. They’ve created Crown Commercial Service, Major Projects Authority, and several other initiatives to help with social and economic growth. Scotland is setting an example for other countries through their public procurement strategy. However,…
In the summer, the price of a barrel of oil dropped 35 percent in a short amount of time. It has been headed down ever since. This is because of surging U.S. oil production levels and competition around the world. Experts predict that there is no end in sight for how low oil could go.
Germany is pushing to improve its clothing supply chain by making processes more socially responsible and ecologically sustainable. The Minister for Economic Cooperation and Development in Germany, Gerd Müller, launched the Textile Alliance in Berlin this October. However, some businesses don’t want to participate and the resistance could mean a slow adoption rate.
The August Purchasing Manager’s Index (PMI) shows Russia at 51.0. It’s a positive trend that signals order growth for the third straight month.
According to Market Watch, “The country’s economy ministry said orders fell 3.2 percent in adjusted terms in June from May, compared with a 1.6 percent decline in May from April. Analysts polled by The Wall Street Journal had forecast a rise of 0.8 percent.”
According to Reuters, “Leaders of the United States and major European powers agreed in a teleconference on Monday [July 28] to impose sanctions on Russia’s banking, technology, and arms sectors. The U.S. Treasury imposed sanctions on more Russian banks, targeting VTB, the Bank of Moscow, and the Russian Agriculture Bank, as well as the United…
The Irish Dairy Board (IDB), an organization responsible for supplying and distributing 60 percent of Ireland’s dairy products, hopes to strengthen its current reach to more than 100 countries with its recent launch of a Wisconsin, U.S. cheese plant.
The Turkish Manufacturing Purchasing Managers’ Index (PMI) dipped just slightly to 51.1 in April from 51.70 in March. Inflated input prices and slow growth of output prices may be to blame.
Greece’s relationship with China could contribute to further growth within manufacturing, as well as overall economic opportunities for the country. According to Ekathimerini News, “[…] in the last three years Greek exports to China have been posting an annual growth rate of 40 percent to exceed 420 million euros in 2013, while Chinese imports to…