Panama Canal Expansion: Maritime Battles

Spend Matters welcomes this guest post from Vengat Narayanasamy, of GEP.

Ten years in the making, the much-awaited third lane in the Panama Canal is now open. This $5 billion project promises to reorient the landscape of the logistics industry. However, the canal’s inauguration comes at one of the most difficult financial times for the shipping industry as international trade falters, due in part to the economic slowdown in China.

Afternoon Coffee: Accel-KKR Finalizes SciQuest Acquisition, APICS Offers New Membership Program

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Accel-KKR announced it has completed its acquisition of spend management solution provider SciQuest. The private equity firm bought SciQuest for approximately $509 million. And, supply chain management professional association APICS also recently announced a new membership program that allows members to customize membership to meet specific needs. Afternoon Coffee brings you the latest in procurement and supply chain news.

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