Middle East's top online retailer, Souq, acquired by Amazon | Ford works with supply chain on sustainability | General Mills' Lynch: "Sustainability is a business imperative"
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March 28, 2017
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Middle East's top online retailer, Souq, acquired by Amazon
Amazon has bought Souq, the biggest online retailer in the Middle East, for an undisclosed sum after the company rejected an $800 million offer from a state-backed investor. Souq, which is based in Dubai, is active in Egypt, the United Arab Emirates and Saudi Arabia.
The New York Times (free-article access for SmartBrief readers)/The Associated Press (3/28) 
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This technology can increase margins by 15x
A recent analysis revealed that taking a holistic approach to reverse logistics can increase net margin by up to 15x—so why are so few retailers employing this practice? Discover the financial benefit of an integrated approach and enable your organization to recover this hidden value. Download the white paper >
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Innovation & Efficiency
Ford works with supply chain on sustainability
Ford working with supply chain on sustainability
(Carl Court/Getty Images)
Ford Motor is encouraging its suppliers to "green" their efforts using 350 best practices and tools the automaker also uses. Over the next five years, its supply chain may save 550 million gallons of water and reduce carbon emissions by 500,000 metric tons.
CSCMP's Supply Chain Quarterly (3/2017) 
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General Mills' Lynch: "Sustainability is a business imperative"
General Mills is on a path to reduce greenhouse gas emissions by 28% and achieve a zero waste-to-landfill goal within the next eight years so the brand can continue to build upon its 150-year history. "Sustainability is a business imperative for us to be able to do that," said Chief Sustainability Officer Jerry Lynch.
GreenBiz.com (3/27) 
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10 Critical Questions Small Manufacturers Should Ask Before Buying a Cloud-based ERP Solution
How do you know if a cloud-based solution suits your business? And more importantly, how do you find the right match? This whitepaper features 10 important questions you should ask to identify the best cloud-based ERP for your company.
Click here to read the white paper.
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Leadership
Power reveals character
Research suggests that people who obtain power tend to act much as they have before, only now in a less inhibited way, writes Matthew Hutson. The feeling of power makes people act more quickly and potentially care less for the opinions of others, though it can also lead to more ethical and noble leadership.
Nautilus (3/23) 
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What to do when you are miserable at work
What to do when you are miserable at work
(Alaina Love)
Many people experience "career restlessness" as they mature and realize who they are and what really matters to them in a job, writes Alaina Love. She offers 10 reasons you might be in the wrong job and how you can become better aware of what you want your career to look like.
SmartBrief/Leadership (3/27) 
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Regulations & Policy
Lloyd's underwrites coverage for Amazon seller suspensions
Amazon sellers can obtain policies underwritten by Lloyd's of London to cover income lost if they are suspended by the website. Some merchants say they have faced suspensions when they hadn't acted improperly and that resolving suspensions can be a time-consuming process.
Bloomberg (3/23) 
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DuPont-Dow merger gains EU antitrust approval
A $130 billion merger between DuPont and Dow Chemical received conditional European Union antitrust approval today. DuPont agreed to sell assets including portions of its global pesticides business and Dow agreed to sell manufacturing plants in the US and Spain to secure the approval.
Reuters (3/28) 
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Business Update
Hyundai halts production at Chinese factory
South Korea's Hyundai Motor will suspend production at a Chinese plant, leading to speculation of reduced sales. South Korean companies say they are being targeted by China for their government allowing deployment of a US missile system there.
Reuters (3/27) 
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Wal-Mart's growth plan focuses on northern India
Wal-Mart's growth plan focuses on northern India
(Scott Olson/Getty Images)
Wal-Mart plans to grow from 20 to 50 cash-and-carry wholesale stores in India, with 20 of them likely to open in the northern states of Uttarakhand and Uttar Pradesh, sources said. The retailer is waiting to see if the government will ease the rules on foreign direct investment before making plans for retail stores in India.
The Economic Times (India)/TNN (3/27) 
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CSCMP News
Academic Research Symposium Call for Papers is ON!
Academics and researchers are invited to submit their current research for consideration to present at the ARS! All research submissions (papers, abstracts) will be evaluated on originality, clarity, research design, theoretical and practical contribution. Papers related to supply chain management and its various disciplines, such as logistics and transportation, marketing, operations, and purchasing are welcomed. Apply now. Application deadline is May 1, 2017.
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Nominate a qualifying student for the 2017 Donald J. Bowersox Doctoral Symposium
The 27th annual Donald J. Bowersox Doctoral Symposium is held in conjunction with the CSCMP's Annual Conference. The Symposium is a highly rigorous, interactive, and informative event that offers innovative sessions that meet CSCMP's expanded scope and mission. The Symposium is specifically designed for doctoral candidates in the latter stages of their doctoral studies, specializing in supply chain management and related fields of study, who intend to pursue a career in academia. Apply now. Application deadline is May 1, 2017.
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