Spend Matters Afternoon Coffee

Olympic procurement.
City of London signs up Accenture to centralise procurement -- The City of London Corporation has signed a deal with Accenture worth up to £12.5m to deliver a new procurement shared service centre. The service will undertake procurement and procure-to-pay functions across all divisions of the City of London.

Cloudy.
Supply chain agility, via Cloud -- Many countries in the developing world are changing from being mostly producers to significant consumers. Consider these recent announcements: GM announces it sold more cars last year in China than the US; Gap Inc is expanding its international presence with franchise agreements for Asia, the Middle East and Europe; Adidas is fast approaching fulfillment of its plans to open 450 franchise outlets in India alone.

Fire!
Effects of Magna fire ripple through auto supply chain -- Officials were still waiting early this afternoon to get inside an auto supply factory that caught fire Wednesday.
Livingston County fire officials were at Magna Atreum on Grand River about 12:15 p.m. putting out stubborn hotspots and ensuring the facility was safe for officials and workers to enter, said Magna spokeswoman Tracy Fuerst.

New speed limits in Spain.
Spain speed limit cut over high oil prices -- The slowdown is intended to save energy in response to the surge in oil prices sparked by the unrest in Libya and elsewhere in the Arab world. Spain is heavily dependent on imported fuel and 13% of its oil usually comes from Libya.

- Sheena Moore

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