Afternoon Coffee: Apple Encouraging Suppliers to Switch to Renewable Energy, Europe Caught Between U.S. and China in Trade Spat

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Apple announced Monday that all of its worldwide facilities are now powered exclusively by renewable energy, the Wall Street Journal reports. But with that goal completed, the company is now turning to its suppliers. Apple wants to make its entire supply chain 100% renewable and has gotten 23 of its more than 200 direct suppliers to commit to powering all production with 100% clean energy.

Europe’s Dilemma

Escalating trade tensions between the U.S. and China have left Europe stranded in the middle. As the New York Times reports, European leaders have not commented on President Trump’s threat of an additional $100 billion worth of tariffs on Chinese goods. But they will eventually have to take a side, as the eurozone economy is too deeply entwined with both countries. 

Nasdaq Deploys Coupa

New York City-based Nasdaq has implemented Coupa’s procure-to-pay (P2P) software to manage its indirect spend, according to a press release. The partnership also includes an implementation of Coupa's sourcing and supplier information management (SIM) modules, which Nasdaq will use to “streamline its competitive bid and supplier on-boarding processes.” 

To see how Coupa's capabilities stack up against similar vendors, be sure to check out our free SolutionMap rankings, updated for Q1 2018.

Dollar Drops

And finally, a currency update. The U.S. dollar lost ground against the Euro Tuesday, sliding 0.3% to 89.594. Prospects of a trade war between the U.S. and China have depressed the dollar for most of the year.

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