Trudeau: NAFTA dispute resolution system is essential
Earlier this month the United States outlined a set of goals that it had for the upcoming NAFTA renegotiations. One of those goals was the elimination of the Chapter 19 dispute settlement mechanism. In response, Prime Minister Justin Trudeau has indicated that he would not agree to any trade pacts that did not include a fair dispute resolution system.
NAFTA talks: Trump administration announces Aug. 16 start date in D.C.
August 16 has been announced as the start date of the first round of talks for the NAFTA renegotiation by United States Trade Representative Robert Lighthizer. This date was also the earliest day that the talks could begin due to a required 90-day consultation period that began in May.
Manufacturing sales gain 1.1 percent in May: Stats Can
Statistics Canada has reported better than expected results in the Canadian manufacturing sector with a 1.1 percent increase in May. Economists had expected a gain of 0.8 percent for the month.
Bank of Japan again pushes back inflation target, keeps policy steady
The Bank of Japan (BOJ) has pushed back the timing for achieving its inflation targets. While exports are robust and private consumption points to a steady but modest recovery, weak price growth is still a challenge for the BOJ. This is the sixth time the BOJ has deferred the timing of reaching its two percent inflation target since 2013.
Coming soon to a supply chain near you: 8 big digital disruptors
According to PepsiCo SVP of Customer and Supply Chain & Global Go-To-Market John S. Phillips, these eight emerging technologies will drive dramatic changes in the consumer packaged goods supply chain: Connected home, IoT at retail, in-store robots, crowdsourced delivery, drones, autonomous vehicles, virtualizing expertise, and artificial intelligence.
NY hospitals centralize supply chain management, saving $137M
A system-wide standardization plan by NYC Health and Hospitals which involves closing eight decentralized and independent purchasing offices to create a single supply chain headquarters is projected to save the organization $137 million.