🇮🇳 Growing India's Manufacturing
ProSource edition #12 discusses growing manufacturing hubs and new procurement strategies!
Welcome to ProSource edition #12. Procurement insights, events, and opportunities for India’s largest procurement community. Here are the top stories of the week from the world of procurement.
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🇮🇳 India could become a hub of global manufacturing - It is estimated India could contribute more than $500bn (£360bn) in annual economic impact to the global economy by 2030. Its consumer market is projected to grow by 300% from $1.5tn (£1.1tn) in 2019 to around $6tn (£4.3tn).
🛒 Supermarkets ask suppliers to cover rising transport costs - The supermarkets are asking for payment increases of 5-18% after driver costs increased by up to 12% in some areas against the backdrop of a 90,000 driver shortfall.
🥽 How Lidl's suppliers helped it cut 1B pieces of plastic from stores - Work with suppliers has allowed it to cut more than 24m plastic trays and punnets from its fruit and vegetable range, and up to 25m plastic lids from dairy and yoghurt ranges.
🌲 Environmental cost of Retail returns - While the financial cost is significant - $500 billion annually - returns also devastate the planet. Returns will always exist, but now retailers have multiple options to help reduce the returns volume.
🙋♂️ Build a better procurement culture - Gartner shares 20 culture hacks to enable your procurement organization to deliver more agility and business value.
📈 Three ways procurement can tackle inflation - With rising inflationary pressures on raw-material prices, procurement can turn volatile commodity prices into a competitive advantage.
✈️ Why Airbus is building a supply chain in China - Aviation manufacturer Airbus is shifting more of its supply chain to China in a bid to further diversify its global reach. In 2020, its annual industrial spending in China reached around $1bn, increasing by almost 60% from 2016.
⚡️ Powering procurement in the electric utility industry - With the renewed emphasis on green energy, and a national net-zero greenhouse gas emission imperative planned for 2050, significant investments must be undertaken to improve procurement processes — in excess of $2 trillion, as estimated by the U.S. Department of Energy.
🌎 Achieving Progressive Procurement Targets
By Portt • Aug 10, 2021 • Registration Link
🌎 Upping The Procurement Ante
By Real Sourcing Network (RSN) • Aug 11, 2021 • Registration Link
🌎 The Role of Supplier Collaboration: ESG and Supply Chain Resilience
By Procurement Leaders • Aug 12, 2021 • Registration Link
🌎 Importance of Predictive Analytics: Procurement & Supply Chain
By CIPS MENA • Aug 15, 2021 • Registration Link
🌎 Demystifying eAuctions – How to Source Smarter, Faster, and Better
By SIG • Aug 17, 2021 • Registration Link
🌎 Cognitive Procurement: Procurement’s Productivity Playbook
By SIG • Aug 26, 2021 • Registration Link
💡 Vedanta is looking for a Chief Procurement Officer
Mumbai, Maharashtra • Mining & Metals • Full Time
💡 Amazon is looking for a Procurement Manager
Bengaluru, Karnataka • E-Commerce • Full Time
💡 Apple is looking for a Vendor Manager
Hyderabad, Telangana • Electronics • Full Time
💡 AB InBev is looking for a Senior Manager - Indirects & CAPEX, Procurement
Bengaluru, Karnataka • Manufacturing • Full Time
💡 Unilever is looking for a Global S2P Manager
Bengaluru, Karnataka • Consumer Goods • Full Time
💡 Koch Industries is looking for a Key Commodity Manager
Mumbai, Maharashtra • Oil & Energy • Full Time
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Have a great week ahead!
Founder and CEO, Procol