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SC Security & Risk Mgmt: Page 431

Supply Disruptions Sometimes Affect Share Value for Long Periods

Supply-chain disruptions cut about 7 percent of a firm's shareholder value, according to research by Accenture cited in a recent World Economic Forum (WEF) report on supply-chain resiliency.

Execs Not Confident in Risk Management Plans as Threats to Supply Chains Grow, Survey Finds

Global executives are increasingly concerned about the growing risks to their supply chains and costly negative impacts such as margin erosion and inability to keep up with demand, according to a report from Deloitte. Yet as they operate in this environment of escalating risk, an alarming 45 percent of surveyed executives say their supply chain risk management programs are only somewhat effective or not effective at all.

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CFOs Optimistic for Corporate and Economic Growth in 2013, Survey Finds

Middle-market and corporate CFOs are optimistic for macroeconomic and business growth at a level unseen since the height of the Great Recession, according to a survey by TD Bank. Forty-six percent of finance managers polled said they are more optimistic about U.S. economic growth over the next year compared to 2012. Further, 57 percent of respondents are more optimistic for their own companies' performance over the next year.

KFC Sales in China Bounce Back Following Squawk Over Food Safety

An uproar in China over the safety of chicken sold at KFC "has been longer lasting and more impactful than we ever imagined," according to the chief executive of parent company Yum Brands.

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Importer of Record Responsible Under New USDA Meat Import Guidelines

On February 1, 2013, the United States Department of Agriculture, Food Safety Inspection Service (FSIS), announced new guidelines governing the importation of meat and meat products. According to the bulletin, "the guide articulates which products and FSIS sampling and testing programs are subject to this policy." The program known as "test and hold" has a major impact upon product being exported to the United States and upon the importers of record for these transactions.

Civil Aviation Group 'Should Be Focal Point' for Global Air Cargo Supply Chain Security Standards

International Civil Aviation Organization should serve as the focal point for implementing global air cargo supply chain security standards, the Global Air Cargo Advisory Group (GACAG) says.

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Sustaining an Effective Risk Management Program at Coca-Cola

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Oracle Enhances JD Edwards App for Health and Safety Management; One-View Reporting

Oracle Corp. has introduced two applications for managing health and safety incidents, within version 9.1 of its JD Edwards EnterpriseOne software suite.

Today's Chief Procurement Officer Is a New Breed of Executive

The notion of a "chief procurement officer" isn't new. The U.S. Department of Housing and Urban Development has had one since 1998, and the title can be found in any number of other government agencies and branches of the military. Private companies have embraced it as well, although the position hasn't enjoyed a solid footing in most C-suites for more than a decade or so. Maybe it was the success of companies like Apple, with its mastery of supply management, that convinced top executives of the need to elevate procurement to the highest levels of the organization.

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Labelmaster's Hazmat Placard, Label Finder Apps Now Free on iTunes

Labelmaster, a manufacturer and distributor of regulatory-compliance products for shippers and handlers of hazardous materials, has released two new apps for the iPad and iPhone.

How to Excel in Commodity Risk Management

Commodities are often given short shrift in discussions about supply-chain risk management. Dave Brown, vice president of supply chain and agricultural sales in North America for Ingredion Inc., helps to correct the oversight.

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Bridging the Agility Gap in an Age of Uncertainty

Glen Margolis, chief executive officer of Steelwedge, shows how an understanding of the "agility gap" can help companies to cope with uncertainty in markets.

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