Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders. Contact us with your news story here.
CPO News
Stoneridge Appoints New Chief Procurement Officer
Stoneridge Inc., a global designer and manufacturer of highly engineered electrical and electronic vehicle systems, announced the appointment of Salvatore (Sal) Orsini as chief procurement officer. In this new role, Orsini will have responsibility for all aspects of the company’s global procurement organization, including purchasing, supplier quality, and global supply chain strategy.
Stoneridge President and CEO Jon DeGaynor, said, “As Stoneridge continues to grow in each of our segments and across the world, a sustainable and resilient supply chain is a cornerstone of our success. Sal’s proven purchasing and supply chain leadership experience will be key in executing our long-term strategy.”
With more than 25 years in global supply chain management, Orsini brings a wealth of experience from both the automotive and aerospace industries. Most recently, Orsini served as vice president, global chief supply management officer for Nexteer Automotive. His prior experience includes leadership roles at General Motors, Aptiv, Rolls-Royce Aerospace, and Delphi.
Read the full announcement here.
GDK and New CPO Eye More Global Expansion
German Doner Kebab (GDK), a fast-casual brand with a premium, high-quality approach to traditional doner kebabs, announced the appointment of Deon Pillay as its chief procurement and sustainability officer.
According to Imran Sayeed, CEO of GDK International, “We are delighted to be welcoming Deon Pillay to the GDK family. He has a fantastic breadth of experience across global markets and knows how to create a well-run and cost-efficient supply chain. Deon will be instrumental in our international expansion plans and will further reinforce GDK as a game-changing brand.”
Pillay brings more than 18 years of senior supply chain and procurement leadership experience, with past corporate engagements that include Peloton, Mars, Samsung, and Nando’s Grocery. While at Nando’s, Pillay led the company’s global supply chain transformation, initiating best-in-class processes and supply partners.
Read the full announcement here.
Procurement News
CHIPS Legislation Boosts U.S. Semiconductor Manufacturing
Congress passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, bipartisan legislation that provides $52 billion in funding to support U.S. semiconductor research, design, and manufacturing.
According to the Semiconductor Industry Association (SIA), “The share of modern semiconductor manufacturing capacity located in the U.S. has eroded from 37% in 1990 to 12% today, mostly because other countries’ governments have invested ambitiously in chip manufacturing incentives and the U.S. government has not. Meanwhile, federal investments in chip research have held flat as a share of GDP, while other countries have significantly ramped up research investments.”
Industries from defense to automobiles to medical devices to consumer electronics have faced severe product shortages for more than two years, primarily due to the COVID-19 pandemic. The commitment toward domestic semiconductor manufacturing has the potential to prevent future supply chain disruptions while providing less reliance on overseas semiconductor production.
Read the full announcement here.
Other Supply Management News
How AI Is Improving Warehouse Performance And Easing Supply Chain Disruptions
Ukraine War: Battling with Supply Chain Disruption
A Looming Graphite Shortage Could Snarl the EV Battery Supply Chain
