Oct. 29 - Fueling local sourcing and equity through procurement
Mattel, Hasbro play catch-up after demand for board games, toys surges; Supply chain visibility is 'awfully low,' but improving it can aid operations goals; Chipotle lets diners track environmental impact of burritos as restaurants prioritize sustainability; Roche Bros. partners with local supplier platform Forager
Oct. 29, 2020 | This week's procurement news and insights for supply chain leaders
Note from the editor
Low inventory levels are often the goal. And uncertainty around future consumer spending means even lower inventory is the goal.
That's great for the buyer's balance sheet — but it does put the onus on suppliers to essentially deliver on-demand when the purchase orders come flooding in.
This dynamic is playing out in the retail toy supply chain, Mattel and Hasbro explained on recent earnings calls. The toymakers must be ready to replenish retail stocks at a moment's notice, and execs say they might be chasing demand for a while. More details here.
Are you using an "on-demand" tactic with your suppliers? Do you think this works long term for buyer-supplier relationships? Curious to hear your thoughts.
Spending more on local sourcing mitigates socioeconomic and health disparities, strengthens supply chain resilience and reduces carbon emissions, writes Kaiser Permanente's supply chain and procurement chief.
A recent survey found that 40% of supply chain leaders plan to increase their investment in real-time visibility, which one expert said could help with omnichannel and forecasting.
The chain partnered with an independent researcher on a digital tool that analyzes five key metrics around sourcing, including carbon waste, gallons of water, soil health, use of organic land and antibiotics.
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Shefali Kapadia
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