May proved a bustling month for the procurement sector worldwide , marked by significant developments and news emerging from all corners of the globe
HONDA CREATING A COMPREHENSIVE ELECTRIC VEHICLE VALUE CHAIN
Honda is investing US $ 11bn in Canada to establish a comprehensive electric vehicle value chain , including an EV plant and battery facility . Production aims to begin in 2028 , with 240,000 EVs and 36GWh batteries annually . This initiative aligns with Honda ' s goal of carbon neutrality by 2050 .
HOW NESTLE IS CREATING BETTER LIVES FOR ITS COCOA FARMERS
Nestlé ' s income accelerator programme in Côte d ' Ivoire has significantly increased cocoa yields and improved farmers ' livelihoods . A study shows a 32 % yield increase and a 38 % rise in income for participating households . The programme mitigated diseases , diversified incomes , empowered women and boosted schooling rates .
HOW PHILIPS IS MAKING HEALTHCARE SUPPLY CHAINS SUSTAINABLE
Philips leads sustainable healthcare procurement , echoing CDC warnings on climate impact . Initiatives include energyefficient tech , circular product design , and digital solutions reducing waste . They advocate green procurement and aim for supplier carbon reduction targets by 2025 . Philips sets industry standards in eco-friendly healthcare practices .
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