SAP Ariba Live goes digital for the first time
SAP Ariba Live will discuss the complex...
SAP Ariba Live is the world’s premier spend management event and it is going online for the very first time.
SAP Ariba Live will discuss the complex, volatile geopolitical environment; the economic threat of global supply chain disruption, new technologies, evolving regulations as well as other important factors that present you with new challenges, risks and opportunities. SAP Ariba Live will you better understand these factors and what they ultimately mean for businesses.
Set to take place on Wednesday, March 18, 2020 at 9am EDT, SAP Ariba Live presents streaming of expert keynote speakers. There is no need to register for the webcast of the keynote speakers, return to the site to hear from:
Ian Bremmer, geopolitical expert, shares insights into today’s complex geopolitical environment and the wider effect on the business.
Inspiring customer speakers from Medtronic, Hewlett Packard Enterprise as well as other leading companies.
Chris Haydon, new president of SAP Procurement Solutions, as he shares his strategy and outlook and why we are very excited about the future of procurement.
The significant investments made in market-leading solutions and in our deep and diverse Ariba Network and ecosystem.
There is the opportunity to expand your knowledge through solution demonstrations. SAP shows how it is infusing intelligence and risk mitigation across the entire buying process. SAP also helps manage organisation’s direct spend and supply chain by gaining more transparency and identifying and overcoming potential disruptions. SAP Ariba can enable you to drive better business outcomes and reduce risk from your contingent workers and services providers. SAP Ariba is also transforming its Ariba Network - the world’s largest B2B network with over four million suppliers and 4,000 buyers connecting 24/7 - to provide even more business value.
Click here to register for SAP Ariba Live!
For more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital magazine.
Image: SAP Ariba.
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.”