Category Archives: Afternoon Coffee

Afternoon Coffee: Airplane Orders Boost Durable Goods Data, Fiat Chrysler Faces Record High Fine

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Durable good orders rose 3.4% in the US during June, due in large part to the increase of orders for passenger airplanes. And, the National Highway Traffic Safety Administration has imposed a civil penalty fine of $105 million on Fiat Chrysler for failing to adequately complete recalls for 11 million vehicles. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Apple Sheds $1B from Spending Plans, Accenture Buys EnergyQuote JHA

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Apple Inc. announced it would cut its annual capital spending projection by $1 billion. The tech company plans to spend a total of $12 billion for the year ending in September. And, Accenture will buy Pan-European energy management and procurement services provider EnergyQuote JHA. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Accenture Acquires Full Ownership of Solium, Tradeshift Partners with EcoVadis

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Accenture announced this morning it has acquired full ownership of Madrid-based technology company Solium. And, Supplier collaboration solution provider Tradeshift also announced it has formed a partnership with EcoVadis – a deal that will give Tradeshift’s customers access to EcoVadis’ supplier sustainability ratings platform. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Boeing Warns of Shipping Lithium-Ion Batters on Planes, Mercedes to Revamp Global Supply Chain

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Boeing is warning airliners to stop sending bulk shipments of lithium-ion batteries on planes, as they pose a fire hazard. And, Mercedes-Benz plans to spend “hundreds of millions of euros” to reorganize its global supply chain network and reduce logistics costs by about 20%. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Homebuilder Confidence Spikes, US Consumer Prices Rise in June

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Homebuilders’ confidence levels have reached the highest levels in a decade. The National Association of Home Builders/Wells Fargo builder sentiment index is at 60, the highest since November 2005. And, the US consumer price index increased 0.3% in June, in line with economists’ expectations. Rising prices of gasoline, food and housing helped boost the overall price index. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Natural Gas Supplies Rise and Push Up Prices, Jobless Claims Fall

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US natural gas supplies grew in the last week, the Energy Information Administration reported this morning, which made natural gas futures fall in price 1.4% to $2.878 a million British thermal units on the New York Mercantile Exchange. And, jobless claims were down in the last week by 15,000, showing an improving labor market, the Labor Department reported today.

Afternoon Coffee: Greek Shipping Industry Faces Higher Taxes, Japanese Automakers Look to Export More Cars to US

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Greece is considering raising taxes on its shipping industry, including increasing the tonnage tax and imposing new taxes on profits the shipping operators bring in. And, Japanese car makers Nissan and Honda plan to export more vehicles to the US, thanks in part to a drop in the yen, which makes it cheaper to produce cars domestically and ship them to other countries. Afternoon Coffee brings you the latest in procurement and supply chain news.