Travel purchasers will have to wait until the end of the year for escalating corporate air fares to stabilise, a leading travel consultancy has warned.

The survival of Britain's ailing shipbuilding and repair industry depends on major improvements to its procurement methods, according to the first survey to map the sector's supply chain.

Web-based activities and e-procurement initiatives are a priority for the Joint Procurement Policy and Strategy Group (JPPSG), and a full-time e-procurement professional will be hired soon.