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Global Supply Chain Management: Page 446

Consumer Spending Starts Q4 With Solid Gain, Commerce Department Reports

U.S. consumer spending posted another solid gain in October and inflation continued to show signs of firming, buoying hopes of strong economic growth in the fourth quarter. The Commerce Department said personal consumption rose a seasonally adjusted 0.3 percent last month after a revised 0.7-percent jump in September.

WCA E-Commerce Logistics Network Surpasses 100 Members

After launching an e-commerce logistics network in mid-October, WCA Ltd. has seen more than 100 logistics companies apply for membership. Called WCA eCommerce, the network allows member companies to trade directly with each other, to build volumes and to strengthen business ties. After launching an e-commerce logistics network in mid-October, WCA Ltd. has seen more than 100 logistics companies apply for membership. Called WCA eCommerce, the network allows member companies to trade directly with each other, to build volumes and to strengthen business ties.

New Trading Platform Sources Legal and Certified Timber

A new trading platform to assist buyers of timber in sourcing legal or certified products from all over the world has been launched. BVRio Environmental Exchange has announced its responsible timber exchange index to facilitate the screening of timber products and their supply chains.

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Trump Presidency Could Restrict IT Outsourcing, Analysts Say

Donald Trump railed against the shifting of U.S. jobs overseas during his campaign, but it remains to be seen whether the President-elect will make good on his promises to reign in offshore outsourcing. The Indian-dominated offshore IT services market was already struggling to find its place in a market increasingly ruled by smaller and shorter term deals, cloud computing options, increased automation and intense competition.

Mergers and Acquisitions Expected to Slow in 2017, Study Says

After a banner year for mergers and acquisitions in 2015 and a choppy but overall good market in 2016, a solid majority of respondents to Dykema Gossett's annual mergers and acquisitions outlook survey don’t expect the market to strengthen next year.

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Virtual Data Platforms Reduce Costs and Improve Sustainability

As managers face increasing pressure from stakeholders to make supply chains eco-friendly, companies are on the hunt for new and inexpensive tools, partners, or processes that can improve the sustainability of their operations. But according to a new study, one solution may already exist: Cloud computing could improve supply chains' environmental performance while also cutting costs.

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Despite Climate Change Vow, China Pushes to Dig More Coal

America's uncertain stance toward global warming under the coming administration of Donald Trump has given China a leading role in the fight against climate change. It has called on the United States to recognize established science and to work with other countries to reduce dependence on dirty fuels like coal and oil.

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Africa Could Become Fertile Ground for New Energy Investment

Africa wants to become fertile ground for new energy investment - investments that would help electrify parts of the continent and make it ripe for new businesses and new jobs, the African Development Bank says.

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Textile Index: Cotton, Polyester and Wool Prices on the Rise

Declining cotton production last season has led to prices rising year-on-year, according to Mintec's latest textile index. Yet, U.S. production in the current season is likely to rise by 25 percent and reduce pressure on prices.

Asian Carriers Report Strong October for Cargo

Cathay Pacific and subsidiary carrier Dragonair carried a total of 172,385 tonnes of cargo and mail in October, an increase of 5.3 percent over October 2015. The carrier's load factor rose by 1.6 percentage points to 68.1 percent.

Global Steel Production Rose 3.3 Percent for October

Global raw-steel production rose 2.6 percent from September to October, totaling 136,522,876 metric tons, with similar percentage increases in most of the major steelmaking nations and regions tracked by the World Steel Association. The year-over-year comparison is even higher for October, with a 3.3 percent higher in October 2016 than in October 2015.

India Cash Crunch May Delay Consumption, Disrupt Supply Chains

Rather than highlighting how far India's economy has come under Prime Minister Narendra Modi's pro-growth administration, a new gross domestic product report underscores just how much there is to lose from his shock clampdown on cash.

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