Afternoon Coffee: Blockchain in Dubai, GEP’s Procurement Outlook 2017

General Motors Co.’s North America margins may take a big hit if the Trump administration follows through with its threats to impose a 20% tax on imports from Mexico, the Wall Street Journal reported. GM reported another record profit in the North American market last year, but the company’s performance is much less successful elsewhere.

Workers at BHP Billiton Plc’s Escondida copper mine, the world’s largest, are expected to strike on Thursday following failed contract negotiations, Reuters reported. Expectations of a strike have caused copper prices to spike in recent weeks.

Procurement solutions provider GEP released its Procurement Outlook 2017, an annual report on business and economic trends and how they affect sourcing and procurement organizations. The free report also gives in-depth analysis of nine sourcing categories.

IBM is working with government agencies in Dubai, a major trade hub in the Middle East, to adopt blockchain, which will lead to improved efficiency in tracking imports and exports.

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