Afternoon Coffee: Steve Wozniak to Speak at Coupa Inspire 2017, The Price of Trump’s Border Tax on the Auto Supply Chain

Africa Studio/Adobe Stock

Coupa Inspire 2017 is hosting a distinguished guest speaker: Apple Co-founder Steve Wozniak. As the company details in a press release, Wozniak and Coupa CEO Rob Bernshteyn will engage in a fireside chat on the main stage to discuss a range of topics, including a segment about his business journey with fellow Apple Co-founder and friend Steve Jobs.

“Steve is a global technology and innovation icon, and we look forward to hearing his views on how technology and innovation can support all our attendees’ agendas,” Bernshteyn said. “We’ll also discuss ways that Coupa can continue to strive for excellence in our quest to unleash indisputable value as a service for all our customers around the world.”

Continental AG Talks Prices

What would happen to car parts prices if the Trump administration’s proposed 20% border tax became reality? The cost of Continental AG’s products could rise as much as 20%, CFO Wolfgang Schäfer told the Wall Street Journal. While Continental has no plans at the time to shift more production to the U.S., Schäfer said the company may consider a move if production costs in Mexico become counterproductive.

BuyerQuest Secures $4 Million in Financing

Bridge Bank’s Technology Finance Group announced Tuesday it will provide $4 million in venture debt to P2P provider BuyerQuest, according to a press release.

“We are on a steep growth trajectory right now so gaining access to significant working capital quickly was paramount to us,” said Jack Mulloy, CEO of BuyerQuest. “The team at Bridge Bank demonstrated deep domain expertise and unmatched knowledge of our business and industry, which made them the obvious choice for us. We look forward to continuing our relationship with the team at Bridge Bank as we continue to grow.”

Staples Sustainability Report

And finally, Staples Canada released a report Tuesday detailing new milestones in its sustainable procurement efforts. Highlights of the report include record growth for several in-store recycling programs, including the battery, ink and toner, and writing instrument initiatives.

"Our environmental and sustainability initiatives are an important part of our company values," said Leigh Pearson, director of facilities, environment and procurement at Staples Canada. "Our in-store programs continue to grow and thrive, with our battery initiative recycling more units than ever before. We are proud of our achievements to date and continue to find ways to help the environment and communities that we're in."

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  1. Jason Busch:

    The Trump/Mexico total cost question is complex. Even with a 20% tax, compare prices today to 18 months ago given the change in the dollar/peso.

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