News from the Pinnacle

30 April: Disruption has given procurement function a chance to shine and six in 10 UK citizens would support environmental taxes

A year of disruption has allowed the procurement function to demonstrate its leadership and critical value to organisations, a forum was told.

Elon Musk said Tesla faced “some of the most difficult supply chain challenges that we’ve ever experienced” in the first quarter of 2021

Procurement professionals looking to sell circular economy ideas to stakeholders and the boardroom should emphasise raw materials security

Sainsbury’s is creating a new supply chain and logistics operating model as part of work to cut costs from the business.

The tumbling costs of wind and solar can unlock demand that could power the world 100 times over according to a new report from think tank Carbon Tracker

A survey of more than 2,000 adults in the UK has found that six in ten would support taxes that make environmentally damaging behaviours, such as frequent flying, more expensive.

The average finance firm’s financed emissions will be 700 times higher than those of their direct operations- only 1 in 4 companies are disclosing them.

Major UK nature charities including WWF and RSPB have unveiled plans to assess the UK Government’s measures to conserve and restore marine habitats this year


23 April 2021: Supplier financial risk is high on risk event register and Salesforce launches new hub to track and measure value chain emissions

 Supplier financial risk represented nearly half (48%) of all risk events recorded in 2020, according to a new report.

Nearly €500,000 worth of goods was stolen every day from EMEA (Europe, Middle East and Africa) supply chains in 2020

Supply chain executives should expect questions from the CFO covering data, resource allocation and balancing expectations, according to a report by Deloitte

Luxury brand groups LVMH, Prada and Cartier owner Richemont have jointly developed a global blockchain system to help boost supply chain transparency

Salesforce has unveiled a new cloud-based hub that enables companies of all sizes to track and measure value chain emissions

Amazon, Unilever, and Nestlé has joined the UK, US and Norwegian governments in setting up a new initiative to combat the climate crisis

New research has found that more than 800,000 job losses caused by the coronavirus pandemic in the UK could be replaced by new green jobs

The UK solar sector is rebounding after the pandemic with 75MW of solar generation capacity was installed across the country between January and March


16 April 2021: Half of firms plan to increase their investment in procurement as a result of Covid-19 and two-thirds of adults say they are wary of business communications making environmental claims

Half (50%) of firms plan to increase their investment in procurement as a result of Covid-19, according to new research

Supply chain attacks rose by 42% in the first quarter of 2021 in the US according to research by the Theft Resource Center

A review into the use of supply chain finance (SCF) by the UK Govt has been launched amid wider concerns small businesses might be impacted by falling confidence in the system.

NHS Supply Chain is undergoing a process to help develop a high performing, ethical and sustainable supply chain for a standardised uniform

Two-thirds of adults in the UK say they are wary of business communications relating to environmental and social purpose because they feel most brands are not yet ‘walking the talk’.

The UK Government is considering introducing a ban on types of plastics that can breakdown naturally, following a consultation into their environmental impacts

A survey of more than 1,400 frequent business travellers in Europe has found that UK-based professionals are planning to fly less once Covid-19 restrictions lift

ScottishPower has unveiled plans to build a 20MW electrolyser, co-located with its Whitelee onshore wind farm.


































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