Profile: Braidy Industries new Chief Procurement Officer, Stephen Miller
In a wave of new key executives being announced by Braidy Industries to lead the company forward in the construction of its aluminium rolling mill in Kentucky, US, Stephen Miller has been announced as Chief Procurement Officer.
With over 200 years of industrial and management experience between the executive management team, Miller will play an important part in the company’s newest venture.
No stranger to executive roles in procurement, Miller worked for Cummins Engine Company for 20 years, making his way through the ranks to become a Director of Capital Procurement.
Upon leaving Cummins, Miller became a Senior Director at ArvinMeritor Ltd., a leading global supplier of drivetrain, mobility and aftermarket solutions for industrial markets and commercial vehicles.
Following a brief stint at ArvinMeritor, Miller moved onto leading aluminium trading manufacturer, Wabash National Corporation. Here, he acted as both Vice President and General Manager of the industrial purchasing consortium.
With Miller having significant experience in his area of expertise, Braidy’s CEO Craig Bouchard is confident in his new team.
"We are delighted to bring this unprecedented collection of skills to bear on the Braidy Industries mission, as we deliver quality aluminium products and ultra-high strength alloys produced in Eastern Kentucky to our customers in the North America, South America, Europe and Asia. Our cost structure allows a global footprint.”
Joining Miller on the new executive team are experts in Construction, Engineering, Manufacturing, Human Resources, Marketing, Governmental Relations, Sales, IT and Administration.
Expected to be built by 2020, the Aluminium Mill will cost $1.3bn, providing 1000 construction jobs in the process and 550 advanced manufacturing jobs once completed.
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.”