Salesforce announced it will buy e-commerce software provider Demandware for $2.8 billion, reportedly 11 times more than what Demandware brought in in revenue during the last year. The acquisition will create a new product line for Salesforce and is expected to increase its revenue by at least $100 million in fiscal 2017.
Suzuki Motor Corp. is halting production at three Japan car making plants due to supply shortages after its braking products supplier Aisin Advics experienced an explosion at one of its plants. The explosion also disrupted Toyota Motor Corp.’s supply chain.
Tradeshift is partnering with kompany to provide Tradeshift customers with new tools to help with the supplier verification process. Kompany will enable the Tradeshift platform via an app that provides data for companies to manage third-party risks.
Wal-Mart, Gap and H&M are the latest major brands to face scrutiny for having unfair labor activities their supply chains. A new report links the companies to “intensive labor exploitation and abuse” in garment factories in developing Asian nations.