Strategy

Hong Kong - Global sourcing giants Li & Fung is reviewing its cost structure that may result in a redundancy of staff who cannot be placed in other divisions.

Singapore – The successful candidate will drive IT category leadership within APAC region by creating executive level alignment that influences the spending and supplier base of an assigned area.

Singapore – US retailer Gap will close its regional sourcing hub in Singapore next year, possibly leaving more than 100 staff jobless.

China – Equity International, a US-based privately-held investment company has invested US$46 million in Shanghai Yupei Company, in the hopes of banking on the growth projected in the sector.

Singapore – The successful candidate will manage procurement initiatives covering the greater Southeast Asia region and be responsible for achieving significant improvement in cost, quality, service levels and vendor performance for key categories.

Global - Former Philips CPO Barbara Kux has joined Siemens as its supply chain chief, becoming the first woman to be appointed to Siemens' managing board.

Global – Mario Lopez-Belio is tasked to optimise global procurement at the newly-created CPO role at Carlson Wagonlit Travel (CWT).

China- YCH's new contract with Frasers Centrepoint's China subsidiary is expected to build the Singapore-based logistics and SCM company's footprint in China.

Global- DHL will close its US Domestic Express business in 2009, cutting 9,500 jobs in the process.

Singapore - Lim Hng Kiang, Singapore’s Minister for Trade and Industry has announced the adoption of a new strategy that will allow the semiconductor industry to be self-sustainable.