Afternoon Coffee: Aviation Supply Chain Stretched to its Limit, Freelancer Ltd Shares Climb on Results

Hoda Bogdan/Adobe Stock

The aviation industry is flying high on a large backlog of orders, but manufacturers are struggling to build and deliver planes on time. As the Wall Street Journal reports, suppliers of seats, toilets and engine parts are stretched to the limit and sometimes falling short, in some cases causing airlines to cancel orders.

Freelancer Ltd Posts Results

Australian work intermediation platform (WIP) Freelancer Ltd saw its share price rise 5% Thursday after a strong showing in its half-year profit results. Noteable figures include a revenue increase of 37% and a swelling of registered users to 23.3 million people, up 23%.

We previously covered Freelancer Ltd, the only publicly traded WIP, as part of our WIP of the Week series last year.

On Demand Ops Launches

Fancy Hands, a provider of personal assistant services, launched an enterprise division Friday offering solutions for inside sales, supply management, recruiting and database services. Called On Demand Ops, the service aims to automate operational work most companies don’t like to execute or struggle to manage at scale.

Tungsten Partners with Orbian

And finally, news from the world of supply chain finance: Tungsten has partnered with SCF provider Orbian to extend the reach of its offering, according to a press release. The partnership will enable Tungsten’s ‘one-stop’ technology platform to provide supply chain finance programs for the large customers on its e-invoicing network.

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