Author Archives: Nick Heinzmann



Afternoon Coffee: Hurricanes Send Freight Costs Soaring, Maersk Partners to Bring Blockchain to Maritime Insurance

The aftermath of Hurricane Harvey and the impending landfall of Hurricane Irma have sent trucking costs soaring and strained capacity in the Gulf of Mexico. EY said Wednesday it plans to launch with Maersk and Microsoft the first blockchain platform for marine insurance. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Houston Businesses Return to Work, Coupa Shares Rise on Q2 Earnings

Houston’s government and businesses are slowly returning to work, although officials caution that the recovery will be long and difficult. Coupa’s stock price rose more than 8% in after-hours trading after the company reported a second quarter loss of 10 cents per share — 9 cents better than forecast. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Second Round of NAFTA Talks Conclude, States of Emergency Declared for Hurricane Irma

The latest talks to restructure the North American Free Trade Agreement (NAFTA) are wrapping up in Mexico City Tuesday, although the negotiators have made few breakthroughs on issues large or small. Right on the heels of Hurricane Harvey, a second major cyclone is closing in on the U.S. East Coast. Afternoon Coffee brings you the latest in procurement and supply chain news.

Assessing the Near- and Long-Term Supply Chain Effects from Hurricane Harvey

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Procurement professionals have their work cut out for them as rains from Hurricane Harvey finally recede. While the personal and human costs of the disaster are only beginning to be tallied, supply chain and logistics pictures appear even murkier. Here are the top supply chain areas Harvey has disrupted, as well as the near- and long-term consequences procurement organizations will face responding to the storm.

Afternoon Coffee: All Eyes on Hurricane Irma, The Race to Build an Electric Semi-Truck

After catching meteorologists’ eyes as a tropical storm Wednesday morning, Hurricane Irma strengthened rapidly to a Category 3 storm. Cummins has unveiled plans to build an electric truck, a move that pre-empts Tesla’s rumored efforts in the same market. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Supply Chain Fallout from Hurricane Harvey, China Creates World’s Largest Power Company

The record flooding caused by Hurricane Harvey has closed seaports along the Texas coastline and shut down multiple energy sites. With the merger of Shenhua Group Corp and China Guodian Corp., China is creating the world’s largest power company. Afternoon Coffee brings you the latest in procurement and supply chain news.

There’s a Reason Your Supply Chain is Making You Nauseous: You Don’t Know all of the Risks that Dwell Within It

Something about your supply chain is making you feel like your lunch is about to come back up, and you don’t know why. Sure, you’ve heeded the commodity forecasts and hedged your purchases for the rest of the year. Maybe you even dual sourced a critical component of your product to ensure the first tier of your supply chain is always reliable. But then you start to wonder about the suppliers of the suppliers to those suppliers and how exactly they extracted those raw materials. Or you remember the most recent ransomeware attack and how it shut down that auto manufacturer’s supply chain for several days. And then the nausea sets in.