Afternoon Coffee: AB InBev to Source 100% Energy by 2025, Icertis Secures $25M in Series C Funding

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Anheuser-Busch InBev announced plans this week to source all of its electricity from renewable sources by 2025, Bloomberg reports. The world’s largest beer maker will generate 25% of the electricity itself with solar panels on its facilities, and procure the remainder directly from solar and wind farms.

“This has no political connotations at all,” said AB InBev CEO Carlos Alves De Brito. “We just think this is good for our business and the environment.”

Icertis Funding

Contract management provider Icertis announced Wednesday it had raised $25 million in Series C funding, led by B Capital Group. The round brings Icertis' total funding to $46 million.

"In today's hyper-competitive world, forward-thinking enterprises are rapidly recognizing the need to transform their commercial foundation with a true enterprise-wide contract management platform," said Samir Bodas, co-founder and CEO of Icertis. "We are delighted to partner with B Capital as we execute on our mission to become the contract management platform of the world."

NAEP and Jaggaer Release Procurement Report

The National Association of Educational Procurement and source-to-pay (S2P) provider Jaggaer released the 2017 Innovators Forum Report, which highlights discussions among college and university leaders who gathered at the sixth annual Innovators Forum in Denver, Colorado. The report recommends procurement leaders pursue customer engagement as a core strategic activity and cites relationship-building as an essential practice.

“Historically we placed great emphasis on customer service as measured by satisfaction surveys and scored quite well,” says University of Colorado’s Sandy Hicks, who chaired the Innovators Forum and serves as Associate Vice President and Chief Procurement Officer. “However, we recently increased outreach efforts that include formal knowledge sharing sessions with key stakeholders. This has been very well received and our strategic impact and brand image is increasing,”

Domino’s Automates Delivery

 And finally, the onward march of automation comes to pizza: Domino’s is partnering with Starship Technologies to use the company’s ground robots in Hamburg, Germany.

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