Oracle is buying cloud software company NetSuite for $9.3 billion. Oracle Chair Larry Ellison already has a 40% stake in NetSuite’s shares, giving Oracle a leg up against any possible rival bidders of NetSuite. The deal is expected to close this year.
DHL will invest $137 million to build eight e-commerce distribution centers around the U.S, adding to the 20 distribution centers the German shipping company has around the nation. DHL also plans to expand two existing centers as demand for cross-border package delivery increases.
General Motors recently reported record profits for the second quarter of 2016 despite 70% of its suppliers being negatively impacted by the earthquakes that struck Japan in April. GM CEO Mary Barra said the automaker learned from previous events like the 2011 tsunami that struck Japan on how to properly mitigate supply chain risks.
Consolidation in the transportation and logistics industry has slowed this year compared to 2015, according to an analysis by PricewaterhouseCoopers. During the second quarter, 51 mergers and acquisitions in the industry took place around the globe, down 18% from the second quarter of last year.