Americas Procurement Congress postponed due to coronavirus
Following feedback from its network that has reported company-wide...
The Americas Procurement Congress event has been postponed until later in the year.
Following feedback from its network that has reported company-wide travel restrictions and health precautions related to the coronavirus, Procurement Leaders has postponed the Congress until September.
Having originally been scheduled for 19-20 March, 2020, in Eden Roc, Miami, the event will now take place from the 10-11 September, 2020.
The event is set to bring together more than 300 of the region’s leading procurement leaders in order to determine how procurement can take its next big step to become a driving force of business performance. The event will offer two days of aspirational case studies, interactive discussions and informal peer to peer networking in Miami. There will be over 10 hours of networking opportunities, ask an expert sessions and achiever keynotes to share best practices.
There is set to be over 50 leading procurement and business leaders in attendance, including Jim Townsend, CPO of Walgreens Boots Alliance, Vitold Horodecki, CPO of Capgemini, and Patricia Miller, Digital Procurement Director at Accenture.
Why should you attend Americas Procurement Congress 2020?
Find out how to...
Increase the rate of business change. Ensure that you and your function are set up to thrive in the face of change, deliver value that supports the wider business as it moves forward.
Achieve continuous innovation for continuous results. Look into how to create and maintain a culture of optimisation during a period of change, and the potential barriers in the way.
Reconfigure the whole value chain. Hear from leading CPOs on how they have worked with internal and external stakeholders in order to deliver procurement goals and exceed business expectations.
Map 2020 and beyond. How best to map out your strategy to set you, your function and wider organisation up for maximum success over the next 10 years.
For more information about the event, click here!
For more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital magazine.
EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”