Afternoon Coffee: Non-Manufacturing Sector Grows At Slower Pace, Target Increases Investment in Supply Chain Initiatives

Tomasz-Zajda/Adobe Stock Tomasz-Zajda/Adobe Stock

Economic activity in the U.S. non-manufacturing sector grew in February, but at a slightly slower rate, according to the latest Non-manufacturing index from ISM. The index registered 53.4%, down 0.1% from January.

Markit’s U.S. Services PMI Business Activity Index also showed activity in the services sector slowed in February. The index came in at 49.7 in February, a drop from the 53.2 in January and the lowest reading since October 2013.

Target is investing up to $2.5 billion a year beginning in 2017 into its technology and supply chain initiatives. That’s up from the $1.4 billion investment this year. Target plans to improve logistics operations, increase delivery of online purchases and ensure store shelves remained stocked.

Nestlé and major coffee company Jacobs Douwe Egberts have admitted their coffee supply chains may contain forced labor. The companies said coffee beans from Brazilian plantations that use slave labor may end up in their coffee.


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