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Procurement weekly August 29, 2008

DB Schenker train
DB Schenker train

DB Schenker uncovers fraud in subsidiary's books

Jerrel Yun | Singapore | 1 hour 39 min ago

Global - German logistics provider DB Schenker has discovered a major accounting fraud spanning the past few years in its Belgian subsidiary Schenker NV.
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Friday: LEAN Champion

Staff Journalist | Singapore | 1 hour 49 min ago

Singapore – The successful candidate will drive continuous improvement using internal business tools, consulting skills and change management processes
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Vietnamese inflation rate cushioned by dip in August food prices

Jerrel Yun | Singapore | 2 hours 7 min ago

Vietnam - The General Statistics Office of Vietnam said a dip in food prices in August will drag the consumer price index (CPI) down. The CPI is expected to rise by 1.56% month-on-month.
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NYK adds ship to India-US route

Staff Journalist | India | 2 hours 10 min ago

India – NYK Line announced an additional NYK vessel to its Indian Subcontinent-US East Coast Express Service (IEX), to commence in August.
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Maersk ship
Maersk ship

AP Moller-Maersk first half profits up 30%

Angeline Yeo | Singapore | 2 hours 27 min ago

Global - Danish container shipping company AP Moller-Maersk said first half profits jumped 30% as its energy-related subsidiaries banked on higher oil prices.
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Hazlewood
Hazlewood

Business, government spend grows US$2.1 trillion in Asia

Jerrel Yun | Singapore | 2 hours 29 min ago

Asia - Government and business spend rose 13% to reach some US$18.9 trillion in Asia last year, according to a new study.
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TNT reinforces Vietnam operations

Jerrel Yun | Singapore | 2 hours 39 min ago

Vietnam - TNT Express launched its International and Domestic Operations Centre in Vietnam to serve the heavy freight industry as part of TNT’s strategy to leverage increasing demands for freight express services between Vietnam, the rest of Southeast Asia, China and Europe.
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RCAR will tighten cargo security

Jerrel Yun | Singapore | 2 hours 47 min ago

Singapore - Cargo can be made more secure with the implementation of the Regulated Air Cargo Agents Regime (RCAR), said Darren Han, assistant manager of air cargo operations for CAAS.
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Companies exposed to supply chain threat

Jerrel Yun | Singapore | 3 hours 2 min ago

Singapore - The supply chain is left largely unprotected even in the face of terrorism, with only 0.2% of the average company's revenue spent on security, says a Lloyd's Register Quality Assurances executive.
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SLA website
SLA website

Security agenda high among Singapore supply chain professionals

Jerrel Yun | Singapore | Aug 26, 2008

Singapore- Singapore Logistics Association (SLA)has launched the SLA Training Centre in conjunction with a security practice seminar on the August 25, 2008 at the Spring Singapore Building.
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Svanberg and Bozotti
Svanberg and Bozotti

Ericsson and ST shake on semiconductor and mobile platform venture

Jerrel Yun | Singapore | Aug 26, 2008

Global- STMicroelectronics and Ericsson have announced an agreement to merge Ericsson Mobile Platforms and ST-NXP Wireless into a joint venture. The 50/50 joint venture will manufacture semiconductors and platforms to mobile manufacturers and employ 8,000 people.
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Tuesday: Global Supply Manager (080008S5)

Staff Journalist | Singapore | Aug 26, 2008

Singapore – The successful candidate will lead the development and implementation of commodity/supplier-specific supply chain strategies to ensure continuity of supply as key member of the commodity team.
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Chemoil Helios tank
Chemoil Helios tank

Chemoil buys storage in Philippines

Staff Journalist | Singapore | Aug 26, 2008

Philippines - Chemoil has purchased a controlling stake in a storage terminal in the Philippines, from which the company expects to break into other markets.
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Ford Motor Company website
Ford Motor Company website

Ford names purchasing and operations directors

Angeline Yeo | Singapore | Aug 26, 2008

Asia – Ford Motor Company has announced Jeffrey Wellman as executive director of purchasing in Asia and Africa, and Raj Nair as VP of operations for the same regions.
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Eckardt
Eckardt

Outsourcing the headache

Angeline Yeo | Singapore | Aug 26, 2008

Global - Many companies choose outsourcing as a means to deal with a situation they are unable to handle internally but this may be counterproductive, said Infineon Technologies senior procurement director.
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CEVA website
CEVA website

CEVA growth driven by strong Asia demand

Angeline Yeo | Singapore | Aug 26, 2008

Global – CEVA group, a Netherlands-based logistics provider said second quarter revenue went up on strong Asia and Europe volumes in its contract logistics business, but had to grapple with weak currency rates in its key UK and US markets.
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Estée Lauder website
Estée Lauder website

Unilever global supply chain head moves to Estée Lauder

Jerrel Yun | Singapore | Aug 25, 2008

Global- The Estée Lauder Companies has announced Gregory Polcer as the new executive VP of global supply chain. He will direct the company’s end-to-end supply chain including procurement, manufacturing, quality assurance, and logistics operations.
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YAS expands into Indian logistics

Jerrel Yun | Singapore | Aug 22, 2008

India - Japanese global freight forwarder Yusen Air & Sea Service (YAS) Co Ltd has strengthened its position in the Indian logistics business with a new warehouse in Bangalore and a distribution centre in Delhi.
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Keppel website
Keppel website

Keppel stakes a share in Vietnamese freight forwarding

Jerrel Yun | Singapore | Aug 22, 2008

Vietnam - Keppel Logistics has announced an agreement to acquire a 40% stake of Indo-Trans Logistics Vietnam (ITL Vietnam), a sea-land-air freight forwarder and professional cargo consolidator, for US$1.6 million.
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YRC website
YRC website

YRC acquires Shanghai Jiayu Logistics

Angeline Yeo | China | Aug 22, 2008

China - YRC Logistics has acquired a controlling 65% of Shanghai Jiayu Logistics for US$44.7 million.
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