So what do you do when you have an operation that functions out of the UK , sources content from the Far East and distributes around the rest of the world ?

You organize . And that ’ s exactly what Shaun did . He established that the forecasting , on which demand was estimated , was not sufficiently accurate - resulting in unnecessary additional costs . He undertook detailed planning and scenario modelling to establish a radical alternative . The new decentralization strategy he devised helped to cut inbound freight costs almost entirely . He adds “ The existing model also didn ’ t meet our sustainability goals as the carbon footprint was way too high .” So he recommended building an integrated supply chain based around local printing and supply . This hub solution – as Shaun calls it – would mean that all the printing , storage and supply could be done from a hub located in each operating country or region around the world , immediately eliminating the long lead times and poor service levels that some clients were facing . After implementation , Macmillan Education ’ s service levels rose from under 90 % to consistently above 99 %.”

� ONEWEB London-based OneWeb is building a space-based global communications network that delivers high-speed , low latency internet access . Founded in 2012 , OneWeb has now raised a total of $ 3.4B in total equity funding and is backed by investors such as Qualcomm Ventures , Airbus , and SoftBank Capital .

� RALPH LAUREN Ralph Lauren is cool again demand is picking up for the retailer , showing increased topline potential

� UNDER ARMOUR Under Armour took a moment to reshape amid the pandemic , and the companies better than expected first quarter results showed the payoffs . Revenue was up 35 per cent to $ 1.3 billion YOY and gross margin increased 370 basis points to 50.0 % YOY .

� PELATON Peloton stock takes a tumble after the popular exercise equipment maker announced a voluntary recall of its treadmills .

procurementmag . com 13