Global

The Rise of the Ethical Consumer and Why Businesses Need to Follow

Posted: 08/12/2019 - 23:44
The human population is rapidly increasing. According to the UN, it may reach 9.7 billion by 2050, which is expected to increase food demand between 59 to 98%. As a result, agricultural markets will be impacted in ways we haven’t seen before. Farmers will have to increase agricultural land or enhance productivity, which still may not be quick enough to meet the forecasted demand for food. Climate change-driven water shortages, increasing global temperatures and extreme weather changes will also have a major effect on food production.

How Millennials are Changing the Procurement Landscape

Posted: 08/08/2019 - 23:34
How Millennials are Changing the Procurement Landscape
According to U.S. Census Bureau population estimates, millennials will become the nation’s largest living adult generation this year. Pew Research Center has estimated that millennials are now the largest generation in the U.S. labor force, surpassing both Gen Xers and Baby Boomers. In 2017, millennials constituted 35% of the U.S. labor force, while Gen Xers accounted for 33% and Baby Boomers represented 25%. 
 

Machine Learning 101 – How Machine Learning is Impacting Businesses

Posted: 08/02/2019 - 08:47
How machine learning can impact, excel and innovate your business.
Artificial intelligence (AI) and Robotic Process Automation (RPA) are popular buzzwords today, yet the practical applications for and approaches to these concepts are often less understood and (in many cases) may still be on the horizon.  However, there is a technology-driven differentiator within this overarching category that has been in use across a number of industries for some time.  Machine learning is the means by which a program analyzes a number of data sources and, by using algorithms, “learns” from that analysis to predict likely scenarios or future end-state resul

Money talks: Making the Case for Sustainable Procurement Investments

Posted: 08/01/2019 - 00:04
The business benefits and value derived from robust responsible procurement programs can be remarkable, such as driving uplift revenue by 5% to 20%, reducing supply chain costs by 9% to 16% and increasing brand value by 15% to 30%. Creating such programs requires investing in key internal areas, such as new tools, staff and strategies to reap the value that’s possible.  
 

Women in Global Sourcing: Susan Feiner

Posted: 07/30/2019 - 00:16

Tell us about your career path. How did you get into this field? Was it purposeful or by accident?   

It was definitely by accident. I took an entry-level job out of college in the Administrative Services department at Thomas Cook Travelers Cheques.  It was a support role to the VP of Facilities and Purchasing.  During my interview, I asked him what I would do when I was finished buying?   Somehow, I still got the job and the rest is history.
 

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