World of Procurement Weekly
SHEIN's corruption, Modern Slavery, and a new era of Software
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ICYMI from World of Procurement
Procurement Interview Secrets you Need to Know - The Complete Guide
Are you getting ready for a procurement interview? Then you’re in the place you Procurement Legend. Do you want to know the secrets to landing your dream job in procurement? Look no further. I’m Daniel Barnes, and over the last seven years, I’ve spent my time going from a Procurement Grad role to Head of Commercial and Head of Supplier Contracts before taking a different role in the last year to Head up Community at Gatekeeper.
How Procurement can navigate the Spotlight Effect for Increased Happiness in their Role
The Spotlight Effect was something I had never heard of until I saw a post from Tom Mills. It was an eye-opener. So I’ve spent some time reading about this subject, which explains a lot of the “human mindset”. But how can this impact what we do in Procurement?
Trending Articles this Week
Sorry, SHEIN: That Influencer Trip Was Sus AF
Influencers were invited to visit SHEIN's Chinese facilities in an attempt to reframe the company as ethical, but were criticised for glossing over the company's dubious labour practices and environmentally destructive production model. I’m going to cover this in more detail in the coming weeks.
Australia Works to Combat Modern Slavery
Australia is working to combat modern slavery, which includes various forms of compelled labor such as sex trafficking, bonded labor, forced child labour, and domestic servitude. The complexity of modern supply chains makes it difficult for consumers to know whether products are produced through modern slavery. The Walk Free Foundation found that there are an estimated 49.6 million people worldwide trapped in modern slavery, with India and China dominating the raw numbers. In Australia, just over 40,000 people were estimated to be in conditions deemed to amount to modern slavery.
Global Insights
CJEU Declares Meta/Facebook's GDPR Approach Largely Illegal
The CJEU has ruled on Meta/Facebook's GDPR approach, stating that personal data cannot be used beyond what is necessary for core products without freely given and fair consent by users. Meta's attempt to bypass the consent requirement via other legal bases and move to "legitimate interest" for advertisement under Article 6(1)(f) GDPR has also failed. The ruling clarifies that various legal theories by the industry to bypass the GDPR are null and void.
AI in the News
Nvidia CEO Huang: Get Ready for Software 3.0
Nvidia CEO Jensen Huang predicts that artificial intelligence will usher in the era of Software 3.0, where creating and running applications will be as simple as writing queries into a universal AI translator, running a few lines of Python code, and selecting an AI model of your choice. The Software 3.0 approach will merge data from multimodal sources that include images, text, and voice, and will rely on a new structure of data, algorithms, and compute engines. Nvidia's NeMo Guardrails will eliminate chatbot hallucinations so large-language models stay on track and provide relevant answers to queries.
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I’m collaborating with Gartner.
This isn’t paid - I simply loved what Ryan and his team were looking to achieve, and I thought some of you might as well. I’ve always said I’ll bring cool things to your attention, and this is one of them.
I’ve been talking with the Gartner team for around 6 months, answering questions, sharing thoughts, and feedback on their big research piece.
I’m incredibly happy they’ve gone down the route of Procurement Functional Transformation. Its clear procurement isn’t there yet, and their research is second to none. Help them out, get some good insights back, and make the most of a good opportunity.
Gartner sourcing & procurement researchers are currently conducting a survey on procurement functional transformation. To participate in this anonymous survey, which will take approximately 20 minutes, click the link below.
In exchange for your participation, Gartner will share a summary of findings if you choose to share your email address in the survey. Sharing your email is entirely optional. The full findings will be unveiled at an executive retreat on October 10, 2023.
Please click the link below to start.
Thanks for Reading, everyone!
Daniel