Kraft Heinz's stock went all-out last week, showing that new CEO Miguel Patricio has come a long way to the right of the ship since an internal probe into the procurement scandal was completed earlier this summer. "The fiasco showed cracks in the underlying procurement processes that not only continued at lower level procurement staff but were not identified at any process checkpoints," according to Supply Chain Dive. In his recent earnings call, CFO David Knopf stressed that the company is working to block its processes for the future.
Will US rethink China's tariffs after Apple Inc. did you bring a case against him?
Dinner conversation between President Donald Trump and Apple CEO Tim Cook ̵
1; about tariffs and Apple's South Korean rival Samsung could lead to a rethink. Trump told reporters Sunday that Cook made a "good case" when he told the US president that it would be difficult for Apple to pay tariffs when Samsung did not face the same obstacle since much of its production is in South Korea. (We hope the president corrects the Cook family this time.)
US-bound water supplies in July
Despite trade wars and increased tariffs, US-bound water supplies increased for the third time in July for the last time for four months. Data released by world trade intelligence firm Panjiva said that July shipments, about 1.12 million, made 1.5% annual profit, and on a year-on-year basis, shipments up to July 7.1 million – by 0.1 % more than the same period in 2018
General Mills Supply Chain Reduction Supply Chain
US Multinational General Mills announced its intention to reduce the use of synthetic pesticides on supplier farms. In its voluntary program, the company also outlines concrete ways in which it will measure progress towards its pesticide reduction targets, especially for farmers participating in its new regenerative farming initiative.