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Has our profession made strides over the last 7 years? – Part 1

Results of two time-staggered surveys As you may know, back in 2003, we asked people to fill in an on-line survey to help Purchasing Professionals gauge their organization’s overall purchasing effectiveness. We asked 7 questions that touched on senior management

Benchmark Your Organization’s Purchasing Effectiveness

Dear Colleague Back in 2003, we created a simple, on-line survey to help Purchasing Professionals gauge their organization’s overall purchasing effectiveness. The goals were to first measure attitudes and practices, and then offer concrete suggestions for making improvements. The initiative

Palm Oil Seen Advancing 23%

At a time when consumers are focused on food costs that are within about 3 percent of a record, stockpiles of edible oils needed to make everything from noodles to fish sticks are dropping to a 3-decade low. The combined

China Pork Binge Driving Iowa-Sized Soy Imports on Shortage (3) –

All the soybeans in Iowa won’t be enough to meet the anticipated surge in China’s imports over the next four years as the nation feeds a record pig herd and drives bean prices to an all-time high. China, which doubled

Rising Corn Acreage Failing to Meet U.S. Feed, Ethanol Use (1) –

U.S. corn planting will expand to cover the second-largest area since World War II this year and still fail to meet demand for feed and ethanol, driving prices to their highest in at least 34 years. Corn will rise 5.7

Cotton Rally Peaking as Farms Build Stocks on Record Crop (3) –

The rally that drove cotton prices to the highest since America was recovering from the Civil War is ending as farmers from Texas to New South Wales plant record crops and replenish stockpiles for the first time since 2007. Cotton

Oil, Grains Will Top Commodity Gains in 2011, Barclays says –

Crude oil and grains will be the top commodity performers this year as investors bet on supply disruptions, a Barclays Capital survey showed. The Standard & Poor’s GSCI Spot Index of 24 raw materials jumped 20 percent last year, led

Farmers Fail to Meet Demand as Corn Stockpiles Drop to 1974 Low –

The smallest corn inventories in 37 years are a sign farmers around the globe are failing to produce enough grain to meet rising consumption, even as planting expands and food prices surge. Growers from Canada to Russia boosted annual output

U.S. Cattle Herd Shrinks to Smallest in 53 Years (Update1) –

The U.S. cattle herd shrank to the smallest size in 53 years as of Jan. 1, as feed costs climbed and beef producers slaughtered more animals to take advantage of higher prices. The herd, including beef and dairy animals, totaled

Freight Rates Tumbling as 35-Mile Line of Ships Sails

Shipping lines carrying raw materials are set for the lowest freight rates since 2002. Jan. 10 (Bloomberg) — At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices,