suppliers

Bath & Body Works is seeking to develop a new billion-dollar scent through its close-knit network of suppliers. The company aims to leverage this collaboration to boost sales.

The Bank for International Settlements (BIS) warns that the current AI investment boom resembles past technological booms like canals, railroads, and the internet, which led to economic downturns. The report highlights risks of a potential bust if AI's productivity payoffs fail to materialize, stressing vulnerabilities in a global economy reliant on this investment surge.

Back-to-office mandates from major automakers are improving relations with suppliers, according to a study. The shift away from remote work appears to be yielding positive outcomes for automaker-supplier collaborations.

The Home Office increased the value of its passport production contract to £576 million, pushed back the start date by a year, and raised annual costs by a third. The UK now issues eight million passports annually.