The U.S. manufacturing sector has experienced positive growth this month, with manufacturing production seeing its sharpest rise since November. Markit said its Flash U.S. Manufacturing Purchasing Manager’s Index hit 52.9 in July, up from 51.3 in June. Business activity in Europe, however, did not fare so well this month, with manufacturing and services output falling. Markit reported today that its Eurozone Flash PMI fell to an 18-month low of 52.9 in July. Afternoon Coffee brings your the latest in procurement and supply chain news.
Category Archives: Afternoon Coffee
Afternoon Coffee: Target Hires Former Apple Supply Chain Exec, Wal-Mart Asks Suppliers to Stop Using 8 Harmful Chemicals
Target Corp. hired former Apple supply chain executive Benjamin Cook to serve as the retailer’s senior vice president of global logistics, inventory allocation and replenishment. Part of Cook’s duties will be to "lead the optimization of Target's inbound and outbound supply chain processes, including carrier transportation and last-mile delivery,” Target said. Major retailer Wal-Mart is also in the news for asking suppliers to stop using eight chemicals that could pose a threat to human health and the environment. Afternoon Coffee brings you the latest in procurement and supply chain news.
The European Union launched a complaint against China this week for restricting exports on certain raw materials, including copper, lead, tin and cobalt. EU Trade Commissioner Cecilia Malmström said Chinese trade practices are unfair and go against international trade rules and are negatively impacting EU producers and consumers. And, SABMiller’s board meets today, and a source close to the company told Reuters it has not ruled out asking Anheuser-Busch InBev to revamp its more than $100 billion proposed takeover bid. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Dell’s EMC Acquisition Could Impact Supplier Payment Terms, New York Files Lawsuit Against VW
Dell Inc. is expected to soon acquire cloud computing and big data solution provider EMC Corp. for $60 billion, but the deal may mean a delay in payments for EMC suppliers. Dell has taken more than 100 days to pay suppliers in the most recent quarter, while EMC currently takes just 42 days, on average. And, the state of New York filed a civil lawsuit against Volkswagen AG today, alleging senior executives at the car company hid evidence related to the diesel emissions scandal. Afternoon Coffee brings you the latest in procurement and supply chain news.
Samsung Electronics Co. is acquiring a stake in Chinese electric vehicle and battery manufacturer BYD Co. Specific details on the deal have not been disclosed, however, last week, Samsung said the investment in BYD would “strengthen our chip business for electric cars.” And, Japanese technology company SoftBank will acquire Apple semiconductor supplier ARM Holdings for $31.7 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: IBM Introduces Blockchain Service for Supply Chains, Industrial Production Rises in June
IBM introduced a new platform allowing companies to test blockchain technology in their supply chains. Users of the new service would test blockchains through IBM’s LinuxOne system. And, U.S. industrial production grew in June 0.6%, the Federal Reserve reported today. Afternoon Coffee brings you the latest in procurement and supply chain news.
General Motors reached an agreement with bankrupt auto parts supplier Clark-Cutler-McDermott that will allow GM to retrieve its parts and inventory from the supplier and avoid having to shut down North American production plants. The settlement also allows the supplier to immediately end its contract with GM. And, the United State’s supply of crude oil remains high, continuing to impact oil prices. Afternoon Coffee brings you the latest in procurement and supply chain news.
Yesterday’s Amazon Prime Day was successful at drawing in sales for the online retailer. Earlier reports showed sales were relatively flat in the U.S. compared to last year’s Prime Day. However, today Amazon reported worldwide orders increased more than 60% and U.S. orders alone rose by more than 50%. And, U.S. import prices rose 0.2% in June due to higher fuel prices, according to new data out today from the U.S. Bureau of Labor Statistics. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: GM’s Supply Chain Threatened by Supplier Bankruptcy, IMF Cuts European Economic Outlooks
General Motors is attempting to retrieve equipment and inventory from auto parts supplier Clark-Cutler-McDermott Co., which filed for chapter 11 bankruptcy due to what the supplier said was an unprofitable contract with GM. The family owned supplier’s financial state threatens 19 GM North American assembly plants and could disrupt its supply chain, GM said. And, international institutions including Washington-based International Monetary Fund have cut economic outlooks for some European countries following Britain's recent vote to leave the European Union. Afternoon Coffee brings you the latest in procurement and supply chain news.
The National Transportation Safety Board has become the second U.S. federal agency to investigate the May crash of a Tesla car operating in autopilot mode. The National Highway Traffic Safety Administration is already investigating the crash in Florida, but the NTSB announced July 10 it would also look into the incident that ended in the death of an Ohio man. And, Alibaba recently debuted its smart car technology, the company’s YunOS operating system, in a SAIC Motor Corp. Roewe RX5 SUV model vehicle. Afternoon Coffee brings you the latest in procurement and supply chain news.
Super typhoon Nepartak struck Taiwan earlier today, causing power outages and damage to buildings and homes. The storm is now headed for eastern China, and is likely to cause supply chain disruptions to companies working with partners or suppliers in the region. And, the U.S. Senate passed a bill setting a national standard for how foods made with genetically modified ingredients are labeled. Afternoon Coffee brings you the latest in procurement and supply chain news.
U.S. crude oil supplies declined for the seventh straight week, according to new data out today from the U.S. Energy Information Administration. Domestic crude supplies fell 2.2 million barrels for the week ending July 1. And, the Senate approved in a procedural vote a federal bill Wednesday that would require food manufacturers to use specific labels on products that use genetically modified organisms. Afternoon Coffee brings you the latest in procurement and supply chain news.