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Regulation & Compliance: Page 438

Six Million Retail Thieves Apprehended Annually - But That's Only Tip of the Iceberg

The number of retail thieves apprehended annually continues to be about six million, research indicates, but the picture is much worse than that figure suggests. More than 78 percent of shrink is due to shoplifting by customers or retail employees. New products in fast-paced categories such as electronics, perfumes and sportswear being brought to market every year at premium prices are among the most likely to be stolen. Fresh meat remains a high-theft category for supermarkets and hypermarkets.

Panama Canal Expansion to 'Stress' Intermodal Networks, Trucking Services

To cope with the larger vessels that will transit through the Panama Canal when its expansion is complete in 2015, Central American countries must dramatically improve their intermodal road and port network infrastructure, the quality of their trucking services and strengthen their institutional coordination, two studies issued today by the Inter-American Development Bank show.

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American Trucking Association Disputes New Regulations in Federal Court

The federal government told an appeals court that industry objections to its latest changes to the hours-of-service rules for truck drivers boil down to "simple scientific disputes" and that the government should be free to use its discretion in such cases.

Collaborative Purchasing Is an Idea Whose Time Is Now

As businesses and governments implement cost-cutting and other efficiencies to help them recover from the deep recession, now is the time to consider collaborative purchasing as both a short- and long-term strategy to cut costs.

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Balancing the Supplier Relationship

Analyst Insight: In recent years, due to the changing and challenging global economy, there has been much talk about the need to balance natural competitive pressures with collaborative engagement across the supply base. The trick, of course, is how to do both things - competition and collaboration - effectively. I believe it starts with trust. - Kate Vitasek, faculty, University of Tennessee's Center for Executive Education, and Founder, Supply Chain Visions

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Anti-counterfeiting Strategies at the Source and for End Products

Undoubtedly businesses need to guard their end products against counterfeiting to protect their profits, their brands, their customers, and the financial health of their businesses. But fighting counterfeits cannot be fully effective without guarding supply sources - the materials and components used to manufacture the end products.

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Commerce Department Says February Retail Sales Surpass Expectations

According to figures released by the U.S. Department of Commerce, retail sales exceeded expectations despite headwinds caused by extreme weather in the Northeast and a continued adjustment to higher payroll taxes.

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Could Consumer Boom in China, India Spark Food Shortages in U.S., Other Regions?

Chinese and Indian consumers are living well and eating well. And that could spark a global crisis. The consumer boom in China and India will touch off global inflation and could lead to food and water riots if investment, policy and technology don't keep pace.

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Traceability and Serialization Play a Useful Role in Supply Chain Security

Analyst Insight: Highly regulated industries"”such as pharmaceuticals, aerospace, food, and chemicals"”typically implement traceability and serialization capabilities to meet regulatory requirements, quality, and recall purposes. These same capabilities can be useful in reducing theft within the supply chain. But it takes more than just technology. It requires a community that can share that information effectively and collaborate with law enforcement at national, state and local levels. -- Bill McBeath, Chief Research Officer, ChainLink Research

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50 Percent of UK Businesses Vet Suppliers for Bribery Act Compliance

A study that polled procurement managers and directors from a range of firms across the UK found that while mid-market firms are often less likely to have robust processes and systems in place to counter bribery risk, companies at both ends of the spectrum appeared complacent when it came to vetting their suppliers for compliance with the Bribery Act.

Companies Falling Short on Supply Chain Risk Management

According to a survey of 600 manufacturing and retail executives conducted by Deloitte, 71 percent of the executives surveyed view supply chain risk as "an important factor in their companies' strategic decision making, including 20 percent who view it as extremely important." Yet, 42 percent of the executives from large companies said their supply chain risk management programs are only somewhat or not effective.

Closing the Supply Chain Door After the Horse Has Bolted

Recent issues in the European food supply have resulted in supply chains making the news for all the wrong reasons. Consumers have been shocked at revelations that products labeled as beef also contained significant quantities of horsemeat, up to 100 percent in some cases. More than a month after the Food Safety Authority in Ireland published its findings of traces of horse DNA in burgers, we are still seeing daily announcements of new product withdrawals by retailers across Europe.

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