Sourcing

How Procurement Can Capitalize on Lower Commodity Prices in 2017

As projected by several global industry reports, 2017 is likely to see muted economic growth, which will have a direct impact on worldwide commodity prices. With growing concerns around trade relations between the United States and China, the global energy demand will not witness significant growth. In fact, if the U.S.

Outsourcing of Network Services

Today, many organizations are investing a large chunk of money in managing their network services. The need to manage, enhance, maintain and support premise/core network infrastructure and enterprise telecom assets has driven up the demand for network outsourcing.

Industrial Maintenance Services in North America

One of the key services used by the manufacturing and process industries in the MRO space is industrial maintenance services, comprising of mechanical, electrical, construction, industrial cleaning, scaffolding, welding and fabrication services. Over the years, end users have increasingly resorted to outsourcing of these services, as they were non-core and outsourcing enabled them to reduce costs by eliminating unnecessary equipment.

Impact of the IMS/Quintiles Merger

Healthcare Information provider IMS Health is expected to merge with leader in CRO space Quintiles Transnational by October 2016. IMS Health has agreed to buy Quintiles for USD 9 Billion & the merged entities total market capitalisation is worth USD 18 Billion. The merged entity, to be called Quintiles IMS Holdings, will be the house for best of pharma research skills and analytical data.

Key Trends in Temp Labor and Recruitment Services

Though uncertainty regarding Brexit has resulted in the rise of temporary jobs in UK, it is still too early to predict the post-Brexit era. New immigration policy, labor laws and rights post-Brexit will be the key in determining how the staffing industry needs to adapt to the new Employment Landscape.

Time for Sourcing to Wake Up to the Internet of Things (IoT) Opportunity

Unless one has been living under a rock for a while, chances are that the concept of ‘Internet of Things,’ commonly referred to as the IoT, is very familiar. Simply put, IoT is the network of physical objects that contain embedded technology enabling communication or interaction with their internal states and the external environment. IoT is translating the fevered imagination of science fiction novelists into hard reality as the examples of connected home, connected car, wearables, smart lights, and smart washers are materializing all around us.

Pectin Market Squeezed by Citrus Supply

Over the past 3 years, the price of pectin products has risen by an average of 70 percent, due to a marketplace shortage of its key raw material, citrus peels. So what’s in store for buyers this year? What products can serve as potential alternatives?

What Do the New Overtime Pay Rules Really Mean?

The Obama Administration recently announced an amendment to the overtime regulations by raising the current overtime salary threshold from $23,660 ($455 per week) to $47,476 ($913 per week) for full-time salaried employees (FTEs).

Negative Interest Rates: An Anomaly No Longer

Negative interest rates are becoming more popular as a way of giving economies a boost. Almost 25 percent of the world’s GDP comes from countries that have adopted these rates for a variety of reasons. The impact on business is interesting. Negative rates should lower the cost of loans and increase demand. It also will lower the cost of capital, encourage investment, lower the discount rate on asset prices and boost valuations.

Three Key Trends in the Global Steel Market That Can Impact Your Steel Sourcing Strategy

Global steel prices fell to unprecedented lows in 2015 with weak global demand. The Chinese slowdown accelerated the pace of price fall. GEP’s analysts have identified three key trends that will impact global steel price movements and, in turn, steel procurement strategies.

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