Sourcing-related reading, selected by the Global Sources content team.
Technology companies are challenging themselves to be part of the solution in fighting climate change, setting ambitious targets to reduce the carbon emissions produced by their organizations and supply chains. Amazon has called for net-zero carbon emissions by 2040. Dell aims for sustainability by 2030 by reusing or recycling equivalent products for every product sold and using recyclable packaging. Google’s goal on the other hand is to run its business on carbon-free energy everywhere, starting with their data centers and campuses. Leading tech giants are taking urgent steps for a more sustainable environment.
There’s a new kid on the block! Say hello to ‘SourceGreenPackaging,’ a B2B marketplace launched in August that not only helps connect companies with vetted, sustainable, plastic-free packaging options, but also offers education on materials and the different regulatory and testing standards worldwide.
The first of its kind, SourceGreenPackaging is more than just a sustainable packaging platform. It is a place for scaling the education, accessibility and innovation needed to help achieve a world free from plastic pollution.
Korean electronics giant Samsung is fighting the global chip shortage by building a massive semiconductor manufacturing facility in Taylor, Texas. The US$17 billion factory will be Samsung’s largest-ever investment in the U.S. The construction will break ground in the first half of 2022, with a target to get the factory operational in the second half of 2024. In total, the site will cover more than 5 million square meters.
One in 10 accidents is a result of distraction and fatigue. And for this, devices for driver monitoring will be a requirement in new registrations in the EU beginning 2024, according to the European Commission. To help implement the regulation, a consumer organization will offer points for installing interior camera systems as early as 2023. There are also efforts to add smartwatch functionality to cars and use AI as a lifesaver.
Auto workers in Mexico are currently facing employment struggles as the global semiconductor shortage continues. Cuitlahuac Perez, general director of Aguascalientes-based auto parts firm Maindsteel and head of one of the state’s automotive clusters, estimates that about one in five local automotive workers have lost their jobs, with the rest seeing big pay cuts since the chip shortages began about seven or eight months ago.
Fashion sourcing expert: “All supply chain challenges are colliding with a model that leaves little room for deviation”
Global supply chains are in turmoil, and it’s hurting fashion companies. Nike missed analysts’ expectations in its latest financial results because of supply bottlenecks, and Puma and Adidas are talking about similar problems. Where are the current disruptions happening and what can fashion companies do in the short and long term to optimize their supply chain?
Peter Rinnebach, managing director of retail product and sourcing strategy at consulting firm Accenture, shared his insights during an interview.
Earlier this month, McKinsey published a report entitled Revamping fashion sourcing: Speed and flexibility to the fore, noting “Our findings confirm that dramatic change is underway. Half the companies surveyed have embarked on organizational transformations by revamping their sourcing and design processes, their ways of working, and their commercial priorities.”
That’s all for this edition of the Friday links – have a great weekend.