Protective clauses in Polyethylene purchase contracts can help manage unplanned shutdowns
Polyethylene, a versatile polymer, is widely used by major industries — right from packaging to automobiles. On an average, packaging polymers account for 4-10% of the total spend in a Consumer Products Group (CPG) company. Polyethylene (PE) markets have been witnessing structural changes since the start of this decade. The evolution of shale based and …
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CONFERENCE: The global fiber wars – Virgin Vs Recycled. Who will win and why?
In recent years, two interesting trends are panning out in the Pulp and OCC markets respectively. Pulp market has witnessed an increase in demand in the past 4 years, but the supply has been increasing at a faster rate than demand. And owing to this trend, there is a belief that Pulp market may witness …
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Reverse E-Auctions: A Game Changing Tool in In-Direct Services Sourcing
E-Auctions is gaining prominence among global procurement organizations as they are looking to increase cost savings as well as drive efficiencies. To download Whitepaper: Click here
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Building it fast: should procurement teams opt for faster construction methods?
Recently, the world of construction was a bit stunned when news began to spread that a Chinese construction company had built a 57-story building in just 19 days. About 95% of the building parts were fabricated at the factory and more than 1000 workers assembled the building, its parts and erected at the construction site, …
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Public Relations Procurement Optimization – Unlocking Cost Reduction Opportunities
Abstract With high inflation in many emerging markets, it has become very challenging to find new ways to optimize procurement costs. The global economic scenario is now forcing companies to reduce their procurement costs on a sustained basis to improve bottom-line. According to Everest Group estimates, 5-10% reduction in overall indirect spend can translate into …
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