Companies reluctant to pay extra to confirm suppliers' sustainability claims
Many companies proclaiming ethical credentials resist paying a premium to test their suppliers' sustainability claims, new research suggests.
Many companies proclaiming ethical credentials resist paying a premium to test their suppliers' sustainability claims, new research suggests.
Economics & Business
Mar 20, 2024
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Unemployment among the youth is a serious problem in many developing countries, especially in Africa. This issue stems in great part from a stagnant manufacturing sector. Firms in African countries have failed to grow significantly ...
Economics & Business
Oct 19, 2023
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In business-to-business (B2B) transactions, customers often seek referrals from trusted suppliers. Those referrals may involve those suppliers' competitors, putting suppliers in the difficult position of referring their most ...
Economics & Business
Aug 3, 2023
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Everybody is a student of "procurement," whether they realize it or not.
Economics & Business
May 11, 2023
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Modern production is global, and globalization persists through pandemics, war, xenophobia, and trade wars. It persists because global supply chains enhance product quality while reducing costs. Globalization continues because ...
Economics & Business
Jan 30, 2023
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Large fashion brands sourcing clothes from Bangladesh for the U.K. market are reportedly paying below the cost of production, according to a major new survey of 1,000 Bangladeshi manufacturers published today.
Economics & Business
Jan 9, 2023
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In operations management, there's a well-known model called the newsvendor problem. Based on the classic scenario of a paper carrier deciding how many papers to try to sell each day, the newsvendor problem illustrates the ...
Economics & Business
Nov 11, 2022
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The Inflation Reduction Act (IRA) is both the most important federal climate legislation ever and sadly inadequate to protect the U.S. and the world from the effects of climate change. Where it falls short, states could intervene ...
Economics & Business
Oct 11, 2022
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If a supply chain scandal does hit, customers want companies they buy from to act—and a combination of actions, not limited to firing their supplier—is the best way to minimize lost consumers. Apologies are not enough.
Economics & Business
Jul 22, 2022
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The continuing geopolitical risk and uncertainty experienced in recent years has prompted companies to change their global supply chains in profound ways, new research has found.
Economics & Business
Jun 29, 2022
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