US retailer plays chicken with notorious egg supplier
When a major, well-known and generally respected retail brand retains a supplier with a shady track record for food sourcing, it should hardly be a surprise when that supplier drags that retailer into a PR fiasco. In the recent case of a popular US retailer (which stocks everything from cleaning supplies to electronics to groceries), and Hillandale Farms of Gettysburg, the question of “the chicken and the egg” and which comes first is quite a literal one, as it relates to who gets the blame.
Another Chinese supplier drops McDonald's in the fryer
In the latest example of the extent to which a geographically far-flung supplier can negatively impact a corporation’s reputation, we present the case of McDonald’s and their Chinese french fry supplier.
Proxima selected by Dairy Crest for long term outsource contract
LONDON, UK - July 28, 2014 - Proxima, the global procurement services provider, announces today that it has been appointed on a multi-year contract to manage the costs of all indirect categories at Dairy Crest, the leading British dairy products company.
The European Food & Beverage Market is in a state of turmoil. Increasingly regular headlines are being published around deficiencies in quality standards and growing contamination cases. The reputation and financial damage of these headlines can be critical for any business operating in an already tumultuous industry (as discussed in my previous post).
It's not my fault. It wasnt me. Sound familiar? These are common excuses weve used since childhood. And while they may pass in many circumstances of private life, they dont often fly in the corporate world. Pointing the finger usually doesnt protect shareholder value nor avert corporate reputational damage.
With so much activity going on outside the direct control of an organization, it is in hindsight no surprise that there has been a reduction in the level of transparency of spending behaviors, and an increase in potential risks (both reputational and financial).
Proxima signs procurement services contract with CSM for management of third-party expenditure
AMSTERDAM, NETHERLANDS - 4 September 2012. Proxima, a leading provider of end-to-end procurement services to global, blue-chip corporations, today announced that it has signed a strategic procurement services contract for third-party expenditure with CSM.
Overcoming forecast uncertainty and volatility at Innocent Drinks
James Davenport [JD], Finance Director at Innocent Drinks discusses the challenges today's FD's face in light of increasingly volatile markets and procurement's role in alleviating some of that volatility.