Disaster looming for the aerospace supply chain?
Steven Udvar-Hazy, CEO of Air Lease Corp, a major player in the global passenger aircraft industry, is concerned. Boeing Co and Airbus, in his opinion, could potentially put the aerospace supply chain in a compromised position due to an unexpected increase in manufacturing, in order to meet increasing demand.
Udvar-Hazy further elaborates, that speeding up production processes puts pressure on the smaller suppliers in the supply chain: should they fail to keep up, everyone suffers. Boeing however, is more than aware of the heavy price to pay for supply chain delays, having being invoiced with billions for accounting charges due to parts shortages halting its production in the 1990s.
Airbus and Boeing announced that they would increase production of its single-aisle planes by approximately 10%.
To read more, click here.
PepsiCo to stop land grabs
PepsiCo has caved to growing consumer pressure orchestrated by Oxfam, announcing this week it has committed to actively prevent land grabs from happening in its supply chain. The second largest food and beverage company in the world further clarified, that it will carry out social and environmental audits across its supply chain throughout 2014.
Oxfam has applauded PepsiCo’s participation and cooperation with its campaign to persuade the food and beverage industry to properly adhere to regulations concerning community land rights.
To see PepsiCo’s full list of commitments, click here, and to read the whole story, click here.
Sustainability in Singapore
Singapore has great potential for sustainable innovations in many industries and facets of everyday living. It is being viewed by large global corporations as a laboratory to test sustainable solutions and ideas, and their potential applications for other emerging countries. This week, the Guardian’s Technology and innovation hub explored some intriguing developments in the island nation.
Admirably, the government of Singapore has set itself a target guaranteeing that by 2030, 80% of its buildings will be “green”. In addition, GlaxoSmithKline and Singapore’s EDB have joined forces for a ten year enterprise to further develop green manufacturing in the pharmaceutical and fine chemical industries. One final big name to invest in the island nation is Bosch Software Innovations, which aspires to establish an electric vehicle charging infrastructure, and eventually branch out into carpooling and commercial fleets.
To read more, click here.
Have a great weekend!