Afternoon Coffee: Daimler Launches 3-D Printed Parts Program, Copper Prices Fall to Two-Month Lows

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Daimler’s North American Trucks division announced Monday it would start delivering plastic parts produced using a 3-D printer in the coming weeks, CCJ Digital reports. The strategy stands to better serve certain customers who have needs beyond the traditional supply chain, such as parts for older trucks or components with low or intermittent demand.

Copper Prices

Rising inventories caused copper prices to have their worst day in three years, the Wall Street Journal reports, falling 3.5% to $2.9805 per pound. While copper prices were riding new highs earlier this year on Chinese economic data, analysts had cautioned that global copper supply was too high to justify the increases.

Gerdau Selects Ivalua

Steel producer Gerdau has selected Ivalua to partner in an enterprise-wide sourcing and contract lifecycle management initiative, according to a press release.

“We were looking to automate and have a digital solution for our strategic sourcing process, from collection, analysis and awarding supplier bids—but also to transition the results of all sourcing activities into tangible contracts,” said Cleber Mattos, North America director, procurement at Gerdau. “We want to provide the organization transparency while ensuring compliance, cost reductions, and equipping our stakeholders with the right metrics and insights to optimize contract lifecycle management. It will simplify our process and increase our team productivity.”

US Trade

And finally, a trade update: The US trade deficit widened in October to its largest point since January, increasing 8.6% to $48.7 billion, Bloomberg reports. The surge in imports that drove the increase reflects merchants preparing for the holiday season.

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