Afternoon Coffee: Wal-Mart to Punish Suppliers for Early, Late and Other Delivery Flaws; Daimler is Being Investigated for Emissions Cheating

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Retail giant Wal-Mart is stepping up pressure on its suppliers to get fulfillment perfect — or else pay a fine. As Bloomberg reports, the new program “On-Time, In-Full” aims to add $1 billion to revenue by “by improving product availability at stores.” Suppliers will face fines not only for late but also early delivery, as well as improperly packaged goods.

Daimler Summoned

Daimler executives have been summoned to Berlin to explain possible diesel-emissions cheating in two of the company’s engines, Bloomberg reports. While the scale of the potential issue is not as large as the crisis in 2015, Daimler shares dropped as much as 3% Wednesday on the news.

China Trade

Firm global demand boosted Chinese trade figures, Reuters reports, with exports rising 11.3% from a year earlier and imports expanding 17.2%. China also posted a trade surplus of $42.77 billion in June.

Prime Day Recap 

And finally, we follow up on Prime Day: Amazon said the shopping event this year was the biggest in the company’s history, up 60% from last year, according to MarketWatch. Hopefully your procurement organization was able to take advantage.

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