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Image via Flickr darinmarshall On August 31, 2016, Hanjin Shipping filed for bankruptcy protection. Ports refused to accept containers from the company or started charging exorbitant rates, out of fear they wouldn’t be compensated. The collapse of Hanjin Shipping is the largest container shipping bankruptcy in history, and its effect on international supply chains is…
Image via Flickr by 401(K) 2013 Fuel consumption has become an overhanging issue within the transportation sector. The matter rests on the need to fulfill ecological standards as well as saving the parent or host company sufficient amounts of funding that is better used elsewhere.Oops! You don’t have permission to view this page! Make sure…
Image via Flickr fervent-adepte-de-la-mode More and more brands join the sustainable sourcing movement each year. Ralph Lauren Corporation is one of the latest companies to make a commitment to manage its supply chain in a way that benefits the environment. The company has new sustainable sourcing guidelines for its wood-based fabric products and will also…
Questionable activities were commonplace in the procurement industry long before the Procurement Integrity Act passed in the late 80s. From small-scale construction projects to multimillion dollar research and development proposals, there have been cases of espionage, bid tampering, and similar crimes. Penalties are harsh at any level, but contractors and procurement professionals working with federal…
Image via Flickr Michel Curi The trucking industry is crucial to the success of the American economy. Shipping by truck is typically less expensive than air freight. In addition, trucks can reach more locations than container ships, rail cars, and other types of transportation. That’s why it’s not surprising that the freight truck industry is…
Image via Flickr by New York District, U.S. Army Corps of Engineers For years, cost savings has dominated the minds and activities of procurement professionals. State of Flux issues studies and reports on trends in the procurement industry. Cost savings consistently reigns in terms of importance. However, for the first time ever, this study revealed that risk…