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Kraft Heinz shares hit a new low last week, showing that new CEO Miguel Patricio has a long way to go before the company's internal investigation into the company's buying scandal comes to an end earlier this summer. The "fiasco" revealed cracks in fundamental procurement processes that not only persisted among lower-level supply staff, but were not identified at any point of control of the process According to Supply Chain Dive, in a recent earnings announcement, Chief Financial Officer David Knopf explained that the company is trying to lock in its processes for the future.
Will the United States rethink Chinese tariffs after Apple Inc. has pleaded against it?
A dinner-talk between President Donald Trump and the Apple CEO, about tariffs, and the South Korean competitor Apple, Samsung, could lead to a new reflection. Trump told reporters Sunday that Cook had argued well when he had told the US president that it would be difficult for Apple to pay tariffs, while Samsung was not facing the same hurdle because much of its manufacture is in South Korea. (I hope the president gave Cook's correct last name this time.)
Waterborne shipments to the United States up in July
Despite trade wars and rising tariffs, water deliveries to the United States increased in July for the third time in the past four months. Data released by Panjiva, a global commercial news agency, indicates that shipments in July, at around 1.12 million, recorded an annual gain of 1.5%, and since the beginning of the year, deliveries up in July – at 7.1 million – are up 0.1% over the same period. period in 2018.
General Mills to reduce pesticides in the supply chain
The American multinational General Mills has announced its intention to reduce the use of synthetic pesticides on the farms of suppliers. In its voluntary program, the company also outlines specific ways to measure progress in achieving its pesticide reduction targets, particularly for farmers participating in its new Regenerative Agriculture Initiative.
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