Keith Hartley

Apr 30, 2024 | theconversation.com | Keith Hartley

Miltary spending is surging in the face of heightened geopolitical tensions. The UK plans to hike its defence spending to 2.5% of GDP by 2030, amounting to £87 billion a year. This is an increase from around 2.3% today, which Prime Minister Rishi Sunak has said is necessary in an “increasingly dangerous” world. It comes at the same time as the US has signed off on a US$95 billion (£76 billion) military aid package for Ukraine, Israel and Taiwan.

Apr 30, 2024 | tolerance.ca | Keith Hartley

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Jan 3, 2024 | supplychainbrain.com | Keith Hartley

Picture this common procurement issue: Five procurement teams within the same company are independently sourcing an identical part from the same supplier. None of the teams are aware of the others’ plans, and they all end up securing the part for vastly different prices because of a lack of data visibility and communication. The result? A significant price disconnect that could potentially cost the company thousands, if not millions, more dollars than it should.

Dec 27, 2023 | supplychainquarterly.com | Keith Hartley

A world still reeling from the ongoing Russia–Ukraine war and a U.S.–China trade war is now grappling with uncertainty in the Middle East. How will a prolonged Israeli-Hamas war impact global supply chains and manufacturing? The Middle East supplies much of the world’s energy. It transports it through several strategically important shipping passageways such as the Suez Canal, the Red Sea, the Persian Gulf, and the Strait of Hormuz.

Dec 4, 2023 | iea.org.uk | Kristian Niemietz |Keith Hartley

Defence and markets are unusual bedfellows. Typically, defence is regarded as an activity which is state-provided and state-funded with very few opportunities for market solutions. However, this is not the case. As I discuss  in my new paper for the Institute of Economic Affairs, there are massive opportunities for the application of private markets in defence. Traditionally, the Armed Forces have purchased equipment and services from within.