This week's round-up from the world of supply chain and procurement.
The height of Christ the Pacific, a monument recently described as the world’s largest unwanted statue, that towers over the Peruvian capital, Lima. It has been criticised as a cheap copy of Rio’s iconic statue of Christ the Redeemer and is seen as a symbol of graft after the corruption scandal surrounding its Brazilian manufacturer Odebrecht. Rodrigo Ramos, a 26-year-old university student, has launched a Facebook page called “Demolition Now” and says: “The minimum we can do is, using our own hands, bring it down.”
The revenue generated by pay-per-view and ticket sales for the world heavyweight title in which Anthony Joshua beat Wladimir Klitschko at Wembley. The fighters each got half of the purse estimated to be at least £20m. Now 27, the triumphant British boxer is expected to earn millions in new sponsorship deals with former boxer Scott Welch predicting: “Anthony Joshua will be the first billionaire fighter." Up till now Floyd Mayweather probably had the most lucrative boxing career, earning £500-600m.
The percentage decline in organic sales for Procter & Gamble’s grooming products in the first quarter of 2017. Jon Moeller, P&G’s CFO, said a “growing affinity for beards” had driven down razor sales, suggesting that we have not yet reached the age of peak beard. The FMCG group’s razor brand Gillette has also been losing market share – from 70% in 2010 to 54% in 2016 – and plans to cut prices by 20%.
The amount Labour Leave, an unofficial group that aims to speak for pro-Brexit Labour voters, donated to UKIP just three days before last year’s referendum. The Electoral Commission is now investigating this donation after concerns were raised by Seb Dance, a Labour MEP for London. The payment was made under the category ‘rallies and events’ and a UKIP spokesperson said: “We did some joint activity with Labour Leave which included a donation from them to UKIP to cover part of the cost.”
The minimum number of companies that, one investor told the Financial Times, are working on vertical take-off and landing (VTOL) vehicles that run on batteries and do not require runways or conventional airports. The rivals include Uber (which has promised to test a flying taxi in Dubai and Dallas in 2020), Airbus (which showed a concept at the Geneva Motor Show in March) and Kitty Hawk, a start-up backed by Google founder Larry Page.
The range by which North Korea’s economy may have grown per year since Kim Jong-Un took power five years ago. In 2013, he identified economic growth – and developing a nuclear arsenal – as his key goals, promising his people “You’ll never have to tighten your belts again”. A gradual liberalization of the economy – the government has now approved 440 street markets and 40% of the population are said to be involved in the private economy – has helped the country withstand sanctions and raise living standards. There are now enough cars in the capital Pyongyang for locals to earn a living washing them.
The number of Giant African Snails being exported to the UK from Nigeria by Oluwatobiloba Ohioma-Belo, founder of Baylow Foods. Low in cholesterol, high in protein and said to be full of collagen and other compounds that regenerate skin cells, the molluscs are one of Nigeria’s fastest growing exports. Ohioma-Belo has paid $4,000 for her first shipment to the UK but is confident of making a profit. The snails are also becoming popular as pets. They are not hard to feed – they eat 500 species of plant – but they do need to snack on cuttlefish bones to keep their shells strong and healthy. They currently sell three for £10 in Harlesden, northwest London.