General Motors Co. will allow certain car component suppliers to renegotiate contracts at least once a year when material costs change or economic conditions shift. The move opens up opportunities for about 400 manufacturers providing parts for new cars in Mexico and Brazil, where GM plans to invest $5 billion over the next 10 years.
As supply chain organizations demand more visibility into their global networks, supply chain solutions provider HighJump announced it added supply chain analytics tools to its product suite. The new analytics module called HighJump Pulse aims to provide organizations additional insight into warehouse and distribution operations.
Following speculation it would be acquired, Twitter announced it bought London-based machine learning technology firm Magic Pony. In a blog post today, Twitter said the acquisition would improve the social media site’s live and video streams.
Boeing is reportedly pursuing a $4 billion deal with AirBridgeCargo Airline and parent company Volga-Dnepr Group, Russia’s largest air-freight company, for more than 10 orders of 747-8 freightliners. Demand for Boeing’s 747 jumbo four-engine jets have fallen as airlines chose more efficient twin-engine jets.