Afternoon Coffee: Boeing 737 Max’s Troubles Worsen; Upcoming Webinar on Rising Small Parcel Costs

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For a product “family that generates almost one-third of the company’s operating profit,” the Boeing 737 Max jet has picked a terrible time to be in the negative spotlight.

Following the tragic Ethiopian Airlines jet crash, Australia and Indonesia have joined several others, including China, in barring 737 Max planes from flying in their airspace, according to Bloomberg.

Even though the U.S. FAA has said that “there isn’t conclusive evidence so far to link the crashes,” aviation authorities in South America and Asia are taking a zero-risk approach, the article stated.

“Boeing shares fell more than 2.5% on Germany’s Tradegate exchange as of 9:55 a.m. local time on Tuesday, after its U.S. stock ended Monday down 5.3%,” according to Bloomberg.

Procurement Is Indeed Going Digital, Albeit Slowly, Survey Says

According to a forthcoming report from SAP Ariba, which includes survey responses from 466 procurement and logistics managers from automotive, financial services, manufacturing, CPG and other industries, the majority of CPOs consider digital transformation important to improve performance.

“Nearly two thirds of chief procurement officers are leveraging cloud computing to accelerate e-procurement and more than three fourths of respondents—78%—see their use of digital procurement technology, or their level of 'maturity,' as similar or better than that of their competitors,” according to Digital Commerce 360.

“Eighty-two percent of participants believe digital transformation will affect procurement more in 2019 than 2018,” SAP Ariba chief digital officer Marcell Vollmer is quoted as saying.

But there are some key roadblocks, including budget restrictions, analytics and data insights, internal talent shortage and lack of “know how”, and master data management, according to the survey respondents.H

Free Upcoming Webinar on Rising Small Parcel Costs

Small parcel shipping costs are on the rise for North American shippers. So, what are the factors driving up this spend? How justifiable are these cost increases? And what can your business do about it? Join our webinar, held with NPI and Spend Management Experts, on Thursday, March 14 at 1 p.m. Central if you:

  • Are looking for real-world tactics for immediate cost savings
  • Are tired of annual carrier price hikes
  • Work in a high-volume shipping industry

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