Afternoon Coffee: Supplier Payment Delays Grow, MRA Global Sourcing Merges with TYGES

Suppliers to the 1,000 largest U.S. public companies are now waiting an average of 56.7 days to get paid, the Wall Street Journal reports. Companies are delaying supplier payments in order to have more cash on hand to invest into their operations, and the waiting period for suppliers is longer than ever compared to the past decade. In 2008, the average days payables outstanding was 40, a figure that has significantly grown, particularly in the past five years.

TYGES, MRA Merge

MRA Global Sourcing, a supply management recruitment firm, has merged with TYGES, a search firm that specializes in manufacturing and supply chain. According to the press release, the merger will support TYGES’ three-year plan to expand across the U.S., and the company will be opening its fourth office in Schaumburg, Ill. To accommodate the merger.

“The merger with TYGES is a natural fit for us, and we’re excited to share our focus on growth and customer service,” said Naseem Malik, managing partner of MRA Global Sourcing. “The high level of service you’ve been accustomed to will only be enhanced as we join forces with the world-class capabilities and proven track record of TYGES.”

Amazon Moves Into Healthcare, Delivery

On Thursday, Amazon announced that it is establishing local delivery networks, putting it in direct competition with FedEx and UPS, which lost close to $3 billion in market share after the news, CNBC reports. A few hours later, Amazon announced that it will acquire PillPack, an online pharmacy startup, for around $1 billion.

A CO2 Shortage

The renovation and subsequent shutdown of several ammonia fertilizer-producing plants in Britain is leading to a shortage of carbon dioxide, a byproduct of the fertilizer. CO2’s wide range of uses — from giving beer and sodas their fizz to keeping crumpets moist — means that Brits are also facing shortages of meat, beer and baked goods this summer, the New York Times reports.

But can’t one harvest the carbon dioxide oneself, say, by breathing into a bag? As it turns out, that is against food safety laws, which require CO2 suppliers to clean and purify the gas produced by ammonia plants. It may be a sober World Cup for England after all.

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