Ivalua NOW 2020: a live procurement and supply chain event
The two-day event is transitioning from a physical event in Washington D.C. to a virtual one and will feature presentations from the most innovative procurement and supply chain leaders on how they accelerate their digital journeys to better meet today’s business challenges.
The conference will address key issues, such as how to accelerate the digital transformations needed to free capacity, improve decision-making and allow scalable collaboration with suppliers and stakeholders. There will also be discussions around how to manage today’s crisis and prepare for the next, in addition to talks about the latest technological innovations that will help leaders to transform faster and further.
Leaders from some of the world’s most admired brands will show how they are successfully leveraging how they spend and engage suppliers to create a competitive advantage and transform the world. Speakers include:
Jon Stevens, President of JLL Digital, on how to create a competitive advantage, and assess the impact of COVID-19 on how companies currently operate, how they must adapt over the long-term and the role of digitisation in driving innovation and competitive advantage.
Michael Kalmar, former CPO of Rogers Communications, on increasing procurement transformation, as well as the potential to provide strategic value from its spend and suppliers, and the importance of digitisation in this process.
Dawn Tiura, President and CEO of Sourcing Industry Group, on the necessity for leadership in uncertain times, including what is needed from leaders to help their people and organisations adapt and thrive in the current COVID-19 crisis and beyond.
“The global pandemic and associated challenges to the overall business environment underscore the importance of procurement and smart supply chain management in driving business value, while also protecting the bottom line,” said David Khuat-Duy, Corporate CEO of Ivalua. “Ivalua NOW is the premier industry event where our customers take center stage to showcase how they’re successfully transforming their organisations and meeting today’s complex business challenges. We are looking forward to showcasing the latest industry best practices and innovations that will empower them further.”
Registration is free for procurement, finance and supply chain practitioners and can be done online at Ivalua’s website.
Ivalua recently featured in our Top 10, click here to read more about the organisation!
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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.”