Afternoon Coffee: Honeywell, Boeing in Potential Deal; Shiftgig Pivots from Staffing to Technology

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Aviation parts supplier Honeywell International Inc has said it was examining the revenue potential of supplying parts to Boeing’s next major aircraft program.

Chief Financial Officer Greg Lewis told news agency Reuters, “If Boeing decides to move forward on the NMA [jetliner] ...we feel like we have got some very competitive offerings that we could provide on a platform.”

The new deal is expected to be finalized later this year or by early next.

Shiftgig changes shape

Shiftgig, the Chicago-headquartered, digital platform-based intermediary that connects workers and local hospitality and event businesses, announced that it plans to become a pure-play technology business. The company reported it will be selling the part of its business that competed with hospitality and event staffing firms and “will direct 100% of the company's focus to developing and selling software.”

Shiftgig said it will be selling the staffing operations parts of the business to two firms in the hospitality and events staffing sectors: Headway Workforce Solutions and LGC Hospitality. While the financial terms of these transactions were not disclosed, Shiftgig reported Headway and LCG have “signed long-term contracts to use Shiftgig’s Deploy platform” and will take on roughly 15 Shiftgig employees each.

Deploy, “the company's flagship software-as-a-service product” and now Shiftgig’s main focus, is described ”as a data-driven technology platform for redeploying and engaging workers” and a “solution for organizations that rely on large pools of flexible workers for their operating needs.” Shiftgig noted that “staffing agencies are ideal customers” for Deploy. Based on “the platform's smart matching algorithm that improves with feedback and other data points, staffing companies can manage their workforce more efficiently,” the press release asserted.

Spend Matters will provide further coverage/analysis of this development in the coming days.

Walmart, HSBC come together on sustainable supply chain finance program

Firms in Walmart's supply chain that show commitment to reducing carbon emissions will get better financing deals from HSBC under a new partnership struck between the two companies.

The new deal is part of the retailer's ongoing sustainability initiative to cut one gigaton of carbon emissions from its supply chain by 2030.

Next-gen service provider STORD raises $12.3 million in Series A funding

Atlanta, Georgia-based provider of freight and warehousing services STORD has raised $12.3 million in Series A funding led by Kleiner Perkins. This comes just after an earlier seed round totaling $2.6 million, taking the total raised to $15 million.

CEO Sean Henry said in a statement that the fresh funds would help "transform the $163 billion warehousing and distribution industry, and impact the $1.5 trillion logistics and supply chain industry as a whole."

Donatos Pizza deploys automation solution

Family-owned pizza chain Donatos Pizza has deployed the ReposiTrak Compliance and Risk Management Solution which will, among other things, help optimize its food supply chain and supplier compliance program.

The ReposiTrak platform hosts 320,000 supplier-facility connections, which is an indication of the number of suppliers already using it. The solution automates compliance documentation at corporate, facility, franchise, store and item levels.

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