New restrictions could further hamper US-China trade | Aveda turns to blockchain to track vanilla beans | Why companies should invest in analytics now
November 24, 2020
Sourcing Industry Group Briefing powered by SmartBrief
News for leaders in sourcing, procurement and riskSIGN UP ⋅   SHARE
Top Story
New restrictions could further hamper US-China trade
(Wang Zhao/Getty Images)
Nearly 90 companies in China could be prevented from buying certain US technology and other products if the Trump administration declares they are connected to the Chinese military. The Commerce Department broadened the "military end user" definition in April, and President Donald Trump recently issued an executive order banning investment in Chinese companies said to be run by the military.
Full Story: Reuters (11/23) 
LinkedIn Twitter Facebook Email
Innovation & Transformation
Aveda turns to blockchain to track vanilla beans
(Vivien Killilea/Getty Images)
Beauty company Aveda is using blockchain technology and QR codes to verify the authenticity of vanilla beans it purchases from farmers in Madagascar. The first traceable products using the beans will be available for purchase in the second quarter of next year.
Full Story: Glossy (tiered subscription model) (11/18) 
LinkedIn Twitter Facebook Email
Investing in analytic processes can take time, but it will pay off, especially in uncertain times when new data and expertise are needed, writes Cassie Kozyrkov, chief decision scientist at Google. "When the world is suddenly upended, those who can learn the fastest are best positioned to succeed," Kozyrkov writes.
Full Story: Harvard Business Review (tiered subscription model) (11/2020) 
LinkedIn Twitter Facebook Email
Industry News
Supply chain and pharmaceutical companies are working on the cold chain that will be needed to transport vaccines from Moderna, Pfizer and BioNTech that will require consistent temperatures from the manufacturer to the clinic. This article outlines the both the innovation as well as the potential obstacles vaccine distribution chains will face.
Full Story: Vox (11/16) 
LinkedIn Twitter Facebook Email
Manufacturers of wind turbines, solar cells and batteries are facing shortfalls in technology metals because of pandemic-related production constraints. Such companies should seek alternate supply sources, consider alternative materials and improve recycling rates, write Ata Akcil, Zhi Sun and Sandeep Panda.
Full Story: Nature (free content) (11/17) 
LinkedIn Twitter Facebook Email
Governance, Risk & Compliance
Government intervention, through legislation and stiff penalties, is required to root out forced labor in supply chains, writes Alexis Bateman, who notes improved visibility and audit programs aren't enough. The Slave-Free Business Certification Act introduced to Congress back in July would require large companies to report forced labor instances, with noncompliant companies liable for civil and punitive damages.
Full Story: Supply Chain Management Review (11/18) 
LinkedIn Twitter Facebook Email
Using systems thinking instead of technology can build resilience in food supply chains by providing ways to identify potential problems before they "snowball" into bigger ones, write John Keogh, Carl Unis and Karen Hand. "[A] strategic, holistic, agile systems view with integrated early detection (tripwires) and rapid response capability (circuit breaker) is critical for success as we move forward into the unknown," they write.
Full Story: Food Safety Magazine (11/2020) 
LinkedIn Twitter Facebook Email
Hot Topics
Bain Capital has secured $800 million in fresh capital for its second impact investing fund, Bain Capital Double Impact, to focus on environmental, social and governance funds. The firm raised the large amount of fresh capital, over twice the size of Bain's first impact fund, despite a bad year for fundraising because of the pandemic and a new US Labor Department rule.
Full Story: The Wall Street Journal (tiered subscription model) (11/22) 
LinkedIn Twitter Facebook Email
News from Sourcing Industry Group
If you've been thinking about getting an industry certification, now is the time! The CSP program lays the foundation for a successful career, reinforces best practices and is led by faculty who are leading industry practitioners. Don't miss this opportunity to earn an industry-respected certification from the trusted education leader of Fortune 500 and Global 1000 organizations. Enroll today!
LinkedIn Twitter Facebook Email
For 25+ years, the world's top procurement, sourcing, outsourcing, shared services and global business services executives have turned to SIG to stay up-to-date with best practices and thought leadership from leading companies in our industry. SIG membership gives you a competitive advantage and an opportunity to stay in front of evolving industry trends. We offer a variety of resources for our members, including a resource center, career network and learning opportunities. See our membership options.
LinkedIn Twitter Facebook Email
Learn More About Sourcing Industry Group:
Membership  |    Networking Events  |    SIG University  |    Career Network  |    Webinars  |    About SIG
Sharing Sourcing Industry Group Briefing Powered by SmartBrief with your network keeps the quality of content high and these newsletters free.
Help Spread the Word
SHARE
Or copy and share your personalized link:
smartbrief.com/sig/?referrerId=eSriBJbAIQ
I invent nothing, I rediscover.
Auguste Rodin,
sculptor
LinkedIn Twitter Facebook Email
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004