Afternoon Coffee: Tradeshift Adds AI Layer to Platform, Border Tax Would Deepen Divisions Between Manufacturers and Suppliers

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Tradeshift announced Monday the release of a “smart interface for B2B commerce” called Tradeshift Ada. The new AI layer will “learn from user interactions, improve business processes and offer contextual information” across Tradeshift’s procurement platform, CEO Christian Lanng wrote on the company's website.

“Tradeshift Ada is a next-generation technology using capabilities such as machine learning (ML) and natural language processing (NLP),” said Thijs Stalenhoef, senior vice president of enterprise products at Tradeshift, in a press release. “It’s the foundational layer for bringing AI into our platform everywhere. Currently, Tradeshift Ada integrates with Tradeshift Go, Tradeshift Buy, Business Analytics and externally to Slack.”

Border Tax and the Supply Chain

The proposed Republican tax overhaul would deepen divisions between big manufacturers and the thousands of smaller companies that supply them, according to a Reuters report. The plan would tax imports at 20%, straining suppliers that rely on a deep global supply chain of components and materials, while allowing OEMs such as Boeing to export their final products tax free.

Coupa Pearson

 Pearson has selected Coupa to operationalize contracts with the provider’s source-to-pay (S2P) solution, according to a press release.

“We selected Coupa to help us increase effectiveness, enhance compliance and improve efficiency across the organization,” said Daniel Cameron CPO at Pearson.

Durable Goods

 And finally, an economic update to start the week: Orders for durable goods increased 1.7% from the prior month to a seasonally adjusted $235.39 billion in February, the Wall Street Journal reports.

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