In case you missed it, Spend Matters launched the third part of its first SolutionMap early Tuesday. The most recent release focuses on eight procure-to-pay suite solution providers, while prior entries of Spend Matters’ Q2 2017 SolutionMap series featured e-procurement and invoice-to-pay solution providers. Also, Work Market announced Tuesday it had raised $25 million from Accenture and Foundry Group. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Suppliers to Struggling US Retailers Grow Hostile, Manufacturers Failing to Make Necessary Investments in Digital
Bankruptcies at several US retailers have their suppliers on edge, with some devolving into angry protests as manufacturers demand payment for their work. Automotive and industrial equipment manufacturers are failing to make necessary investments in digital technologies, putting themselves at risk for losing market share. Afternoon Coffee brings you the latest in procurement and supply chain news.
While protectionist rhetoric has taken over the current political climate, penetrating new markets and otherwise operating in foreign countries will remain a business reality for U.S. companies. Correspondingly, companies will engage workforce on a contract basis when there may not be a business justification to establish legal entities in other countries. However, engaging workers in foreign countries — each with different business practices and customs, labor laws and compliance requirements for social benefits and taxation — can be risky business if mitigation measures are not adopted.
Afternoon Coffee: Wal-Mart Squeezes Food Suppliers in Grocery Price War, Hackett Partners with Symphony Ventures
Wal-Mart is aggressively cutting its grocery prices to fend off competition from low-cost rivals including Aldi and even Amazon. The Hackett Group announced a partnership Thursday with Symphony Ventures to help enable companies’ digital transformation. Afternoon Coffee brings you the latest in procurement and supply chain news.
SAP announced last week changes to its executive leadership. Brightfield Strategies, creator of the data aggregation and analytics platform Talent Data Exchange (TDX), announced Thursday it has launched a partnership with Allegis Global Solutions to provide exclusive services procurement analytics capabilities. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Wal-Mart Launches Project to Reduce Emissions in Supply Chain, Big Beef’s Beef with Trump
Wal-Mart launched a sustainability program Wednesday that focuses on reducing emissions in its operations and supply chain by working closely with suppliers. The U.S. beef industry, one of the most ardent backers of the Trans-Pacific Partnership (TPP), is lobbying the Trump administration to deliver a replacement to the defunct trade agreement that is “as least as favorable.” Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: AllWork Launches Job-Matching Platform for Beauty Industry, Steelmaking Coke Prices Surge
AllWork, a work platform that enables consumer brands to place brand/product freelancer specialists into assignments at retail stores, announced the launch this week of its beauty job-matching platform, AllWork Beauty. A cyclone in Australia and the Chinese suspension of North Korean coal imports have caused coke prices to spike dramatically. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: More Apple Suppliers Commit to Using Solely Renewable Energy, Japan Pushes to Revive TPP
Three component manufacturers for the iPhone have committed to using solely renewable energy, according to IndustryWeek. Even though the United States has left the Trans-Pacific Partnership (TPP), Japan is mobilizing the remaining members of the trade pact to resurrect the agreement. Afternoon Coffee brings you the latest in procurement and supply chain news.
In a recent post, Spend Matters’ Andrew Karpie explored the role of digital platforms in sourcing and engaging highly skilled (and often scarce) business talent. In his article on the topic, Karpie explained that many procurement and HR professionals have not yet come into contact with such technologies in the workplace, despite their growing ubiquity in the global economy.
Procurement organizations are still fighting the tendency to favor short-term cost savings goals over long-term thinking. Harvest Partners and Investcorp announced recently the recapitalization of PRO Unlimited, reinvesting in the Company to take a minority stake in a new capital structure. Afternoon Coffee brings you the latest in procurement and supply chain news.
President Trump gathered with prominent executives Tuesday to promise them some “pleasant surprises” forthcoming for the North American Free Trade Agreement (NAFTA). A shortage of workers is plaguing the Japanese trucking industry, but it’s also bringing a few upsides. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Spend Matters Debuts E-Procurement SolutionMap℠, Amazon Business Partners with Visa to Provide Line-Item Detail
Spend Matters launched its first SolutionMap Monday, offering six persona-based breakdowns of the e-procurement market. Amazon Business announced Tuesday it has teamed up with Visa to provide line-item detail on customer purchases. Afternoon Coffee brings you the latest in procurement and supply chain news.