Your spreadsheet can wait. Take a quick break from the mundane day-to-day and get inspired by our round-up of men and women from different decades and walks of life who have brought innovation to procurement. Think of them as procurement’s role models.
Apple Inc. Denies iCloud Breach in Celebrity Photo Hacking, CVS Changes Name, Stops Selling Cigarettes
To restore confidence before its new iPhone launch, Apple, Inc. says that its systems were not directly breached in this past weekend’s celebrity photo scandal, in which numerous private photos were leaked through hacking iCloud accounts. Home Depot, however, is investigating a possible credit and debit card breach. Afternoon Coffee brings you the latest news in supply chain and procurement.
On Monday, when much of the U.S. (including Spend Matters) took the day off and went to barbecues or did whatever people do on Labor Day, Public Spend Matters Europe had its official launch. Public sector procurement has become more and more core among the topics we cover. It was time to have a separate site focusing on procurement in the European public sector. Check out some screenshots of the new site, or, if you prefer, go straight to Public Spend Matters Europe!
In the 120 years that Labor Day has been a federal holiday, it has morphed from a day celebrating the blue-collar working class to a handy if inaccurate marker of the end of summer. As for Spend Matters, instead of the usual programming, here is a run-down of significant news relating to labor from this year.
2.2 Million Bean Bag Chairs Recalled, Apple Inc. Suppliers Struggle to Meet Demand for iPhone Screens
Ace Bayou Corp. is recalling 2.2 million bean bag chairs after two children died from suffocation. The zippers on the chairs are not locked, which means children can climb inside and inhale the foam beads. Apple Inc.’s suppliers are reportedly struggling to make enough screens in time for next month’s expected launch of the new iPhone 6 smartphone. Friday Latte brings you the latest news in supply chain and procurement.
Nestlé will require its 7,300 suppliers and their suppliers to comply with animal welfare standards. And Bank of America and the Department of Justice have agreed to a $17 billion settlement over faulty mortgage securities that the former allegedly knowingly sold, contributing to the financial crisis. Afternoon Coffee brings you the latest news in supply chain and procurement.
Closing out "Best Of" Week are the following posts from Public Spend Forum, our sister site focusing on public sector procurement. I asked Jonathan Messinger to pick a few posts from the past six months to showcase, and he did, but not without including a classic from last year. I am speaking of The Seven Most Overused Words in Procurement. Read on to see what the other picks are.
Europe’s big beer brewers are bracing for lower-than-expected full-year earnings and possibly brewery closings as a result of lower consumer spending and restricted beer marketing in Russia. And Macy's will pay $650,000 to settle claims of racial profiling. Afternoon Coffee brings you the latest news in supply chain and procurement.
Continuing on with “Best Of” Week on Spend Matters, here are some must-read posts from our sister site, Trade Financing Matters. I asked David Gustin to pick a few that are most pertinent to Spend Matters readers or hold most sentimental value. Read on to see what these are!
Four officials at Rancho Feeding Corp., the slaughterhouse at the center of the 8.7-million-pound beef recall in January, have been charged with distribution of adulterated, misbranded, and uninspected meat. And the U.S. Department of Agriculture has released its annual “Cost of Raising a Child” report, according to which an average middle-income family will spend about $245,000 to raise a child born in 2013. Afternoon Coffee brings you the latest news in spending and supply chain.
Unlike “general news” or “technology,” the Incendiary Tidbits tag gives editors some power to decide what is incendiary. As the tag is (self-aware) hyperbole, posts are categorized under it as long as they are incendiary in relation to other Spend Matters posts. Some of these posts aren’t even tidbits; some are in fact rather long. As for the degree of overlap with Friday rants, the relationship should look like a Venn diagram. So which posts made "Best Of"? Read on!
A bidding war for Family Dollar Stores has begun as Dollar General Corp. offers $8.9 billion for the chain, topping rival Dollar Tree’s bid. And U.S. food seller H.J. Heinz Co. has recalled four batches of infant cereal in China after excessive levels of lead were found. Afternoon Coffee brings you the latest news in supply chain, procurement, and protection against satire.