Author Archives: Nick Heinzmann



Afternoon Coffee: Volvo to Ditch Combustion Engine by 2019, Italy Threatens to Close Ports over Migrant Crisis

Volvo will produce only hybrid or electric car models starting in 2019, the Sweden-based company said in a statement Wednesday. Italy has threatened to close its ports to stem the flow of migrants into the country, in a situation the country’s ministers have called “unsustainable.” Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Total Strikes Major Energy Deal with Iran, Tesla’s Model 3 Takes Step Closer to Hitting the Road

French energy company Total signed a contract with Iran Sunday to share in the development of the world’s largest natural gas field. After passing all of its regulatory requirements for production two weeks ahead of schedule, Tesla announced Monday it will start production of its Model 3 sedan by the end of the week. Afternoon Coffee brings you the latest in procurement and supply chain news.

What Does the Future of Work Really Mean for the Enterprise? (ICYMI)

digital business transformation

The future of work is upon us, or at least that’s what the marketing gurus would have us believe. From the explosion of the gig economy to the increasing availability of online marketplaces and talent clouds for labor, the way businesses source, manage and spend for labor has changed dramatically. But amid this deluge of new information and technology, we may have forgotten to ask ourselves an essential question: What does this future really entail for large organizations?

Afternoon Coffee: Bonfire Announces $11 Million in Financing, Timken to Buy Lubrication Supplier Groeneveld

E-sourcing provider Bonfire announced Friday it has raised $11 million in financing, after adding a recently closed $8 million Series A round to an initial $3 million in seed funding. Bearings and mechanical power transmission manufacturer Timken announced earlier this week it would acquire Netherlands-based Groeneveld Group, a provider of automatic lubrication solutions. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: Agriculture Secretary Seeks to Assure Safety of Chinese Imports, Canadian Lumber Slapped with more Duties

U.S. Agriculture Secretary Sonny Perdue is set to travel to China Wednesday to mark the return of U.S. beef from the country following a 13-year gap. Softwood lumber from Canada will face further punitive tariffs, as the longstanding trade dispute between the world’s second largest lumber exporter and the U.S. drags on. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Catalant Raises $41 Million in New Funding, Amazon to Augment Whole Foods Warehouse Operations with Robots

Boston-based Catalant announced Tuesday it had raised $41 million in new funding, according to Forbes. One result of Amazon’s $13.7 billion acquisition of Whole Foods could be a total revamp of the way the organic grocer approaches distribution. Afternoon Coffee brings you the latest in procurement and supply chain news.

On the Future of Direct Procurement Tech: An Interview with Dan Willmer, VP Sales and Operations at Jaggaer

Today we present another installment from our ongoing series exploring where manufacturing procurement technology is headed. Produced in collaboration with our sister site MetalMiner, these interviews feature questions from Spend Matters Founder Jason Busch posed to multiple experts at technology vendors on topics such as the current direct procurement renaissance, the increasing centralization of procurement departments, the volatile commodity environment and more. The most recent interview, published earlier Tuesday on MetalMiner, features Dan Willmer, vice president of sales and operations at Jaggaer.

Afternoon Coffee: Takata Files for Bankruptcy, Canada Faces Marijuana Shortage

Japanese airbag maker Takata filed for bankruptcy protection Monday following the enormous recall of its defective product that killed at least 16 people. Demand for pot in Canada currently outstrips the available supply, with some concerned that the lack of product could ultimately push off the start date for the legalization program. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Tesla Considers Manufacturing in China, RapidRatings Updates Branding to Counter Rising Tide of Risk

Tesla is exploring with Chinese government officials whether it could open a facility there to build electric vehicles for Chinese consumers. RapidRatings, a provider of empirically driven financial health scoring of businesses, announced this week an update to its branding to reflect the “continued trend of investment in risk management technologies across all industries and business areas.” Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: FusionOps Rebrands as Area Technology, Foxconn to Build Production in 7 States

FusionOps, a business intelligence provider, announced earlier this week it would rebrand as Area Technology and launch a prescriptive analytics software platform for global supply chains. Foxconn, which assembles the iPhone in China, said Thursady it would invest $10 billion or more in seven U.S. states to build facilities that would manufacture flat-panel screens and related equipment. Afternoon Coffee brings you the latest in procurement and supply chain news.