Afternoon Coffee: Tesla’s VP of Supply Management Exits, Periscope Holdings Launches Rebuilt BidSync Tool With AI

Liam O’Connor, vice president of global supply management at Tesla, has resigned from the electric car maker, unnamed sources told Bloomberg. O’Connor, who has also held senior supply management roles at Apple, is one several recent executives to exit Tesla, including the company’s chief accounting officer and heads of human resources and communications this month. CEO Elon Musk earlier in September promoted Jerome Guillen to automotive president, a newly created role that includes coordinating Tesla’s vehicle supply chain.

Periscope Launch 

Government procurement technology provider Periscope Holdings announced Friday the launch of its rebuilt BidSync, a supplier application that uses machine-learning to “deliver the most relevant, winnable government opportunities for each user,” according to a press release. BidSync automatically filters out bids that are irrelevant to each supplier’s individual business, allowing them to focus on sales the company can reasonably get. 

Florence Damage

North Carolina will receive $14 million from the Department of Transportation to repair infrastructure damaged by Hurricane Florence, Supply Chain Dive reports. The emergency relief funds will be used to "restore essential traffic and limit further highway damage."

Eurozone Slowdown 

And finally, an economic update: Tensions between the U.S. and its trade partners have put a damper on global demand, causing the eurozone’s economy to slow and exports to drop, The Wall Street Journal reports. The IHS Markit Purchasing Managers Index for the currency area fell to 54.2 in September from 54.5 in August, while the OECD lowered its GDP forecast.

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