Afternoon Coffee: Brexit Increases Demand for Supply Chain Executives, APICS Partners with JD.com

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Despite some doom and gloom narratives, Brexit may actually have an upside for procurement and supply chain professionals: Recruitment firm BiS Henderson recorded a 20% jump in the number of new executives it placed in the second half of 2016. The increase in trade and supply chain complexity that Britain’s divorce from the European Union is expected to produce is actually increasing the demand for leaders in the area.

APICS Partners in China

APICS is partnering with Chinese e-commerce company JD.com to establish nationwide standards for the omnichannel supply chain capability in China, according to a press release. The professional association also is forming a Chinese Corporate Advisory Board (CCAB), which will facilitate discussion between APICS and Chinese companies like JD.com.   

SAP Ariba to Partner for Blockchain Trade Finance

Fintech company Hijro announced Wednesday a partnership with SAP Ariba to be an inventory provider of trade assets to the Hijro Asset Distribution Network built on Blockchain technology, according to a press release. During the recent Ariba Live 2017 event in Las Vegas, SAP Ariba discussed plans to utilize Blockchain technology across its business network and software solutions. Stay tuned to Spend Matters for more reporting and exclusive interviews on this topic.   

Consumer Confidence

And finally, your daily economic update: Consumer confidence grew to 125.6 in March from 116.1 in February, its highest level in 16 years, the Wall Street Journal reports. A greater short-term outlook for jobs and personal income prospects drove the measure higher.  

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