Cream of Asian procurement industry to converge on Singapore's ProcureCon Asia 2017
More than 200 of Asia’s leading procurement professionals are set to converge on the 2017 edition of ProcureCon Asia at Amara Sanctuary Sentosa in Singapore, which will be held from 11th -13th July.
Launched in 2013, organizers say that ProcureCon Asia has “already established its brand and reputation as Asia’s critical gathering for Chief Procurement Officers and Heads of Procurement”.
“As innovation and transformation are becoming more and more the buzzword for procurement, we have produced this conference by focusing on supplier relationships, stakeholder engagement, contract management, talent, big data and shared services, procurement can promote transformation and innovation,” said Gladys Caligagan, Conference Director of ProcureCon Asia.
Key speakers will include:
- Mohamad Mohamad Zain, Chief Procurement Officer, Telekom Malaysia
- Kaustubh Wadekar, Chief Procurement Officer, Singtel
- Qasim Hussain, Chief Procurement Officer, APAC & Africa, Kellogg's
- Daniel Wong, Vice President Fleet Management & Procurement, SIA Engineering
- Alex Drew, Head of Procurement & SRM, Cathay Pacific
- Teoh Chee Yong, Head, Group Procurement and Services, RHB Banking Group
- Penny Chong, Head of Procurement, Maybank Kim Eng Group
- Zhivko Stoyanov, Global Procurement Group Head, Rakuten
- Affan Mohd Nawi, Senior Vice President, Corporate Services, Malakoff
- Sadasivam Balan, Head - Technology Procurement, Tata Motors
- Ernie Tan, Group Head of Sourcing, AIA
- Ron Ng, APAC Region Head, Strategic Sourcing & Procure-to-Pay, Google
The event has been designed to offer procurement leaders the best learning and networking opportunity in Asia.
With a highly interactive agenda mixing interactive case studies, panel sessions and debates with a multitude of small-group formats ensures attendees will be given a platform to network with their peers and discuss the most pertinent challenges and opportunities the industry has to offer.
A highlight of the conference promises to be the 2017 CIPS Supply Management Awards Asia, which will “pay tribute to organisations and inspiring procurement role models that lead the way”.
The ceremony will take place on the evening of the 12th July, 2017 at the Amara Sanctuary in Singapore.
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.”