Kellogg aims to lower carbon footprint
Kellogg Co. (NYSE:K) is the latest corporation to be swayed by Oxfam’s Behind the Brands campaign. The cereal giant announced recently that it would be tackling climate change in its supply chain by lowering its greenhouse gas emissions. Furthermore it would be asking its suppliers to also pledge to do so, and have them make their efforts and success public.
In a recent assessment conducted by Oxford for the top ten companies, Kellogg placed eighth.
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Nissan encourages suppliers to return home
As a result of the increasing threat of supply chain disruptions such as unpredictable weather and currency changes, Nissan North America is now favoring buying parts from companies closer to home. The company is, as a result, encouraging its suppliers to re-shore back to the US, closer to its US assembly plant.
A 1.5 million-square-foot supplier center in Canton, Mississippi will be opened by the car manufacturer this year, as will another new facility in Smyrna, Tennessee. An unspecified number of suppliers will operate out of the two new facilities.
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Target to reset its supply chain
In attempt to stem the damage caused by its failed Canadian expansion, losing nearly $1 billion in sales within one year of opening stores, Target will be implementing a three pronged attack, which it has hailed as a “supply chain reset.”
Having identified its mistakes, the company seeks to rectify them with the implementation of new strategies. Target will focus on its supply chain, pricing, and merchandise selection. The first step will be to identify how much stock each store has on-hand by undertaking a physical inventory count. In terms of product lines, an additional 30,000 new products will be added, in an attempt to increase sales.
Some of the failings that resulted in Target’s heavy losses include poor inventory and supply chain management, resulting in both overstocked items and empty shelves for in-demand items in stores. One commonly cited issue that the retailer faced and caused supply chain bottlenecks was that the shipments of many products coming into Target’s warehouses often did not match data in Target’s computer system.
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