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.
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.
Following a series of PR scandals and public draggings by the media, Uber CEO Travis Kalanick said in a statement Tuesday that he would resign as the ride-hailing company’s CEO. BravoSolution and the North Carolina State’s Supply Chain Resource released Tuesday the results of their first annual Procurement Data Governance Survey. Afternoon Coffee brings you the latest in procurement and supply chain news.
E-sourcing provider Scout RFP announced Tuesday a contract management solution as part of its summer 2017 release. Ford’s next-generation small car will be built in China and not Mexico. Afternoon Coffee brings you the latest in procurement and supply chain news.
In case you missed it, Amazon shook the business world Friday with its announced $13.7 billion acquisition of Whole Foods. Negotiations over the U.K.-E.U. divorce process will begin Monday in Brussels, and the expected results are still anyone’s guess. Afternoon Coffee brings you the latest in procurement and supply chain news.
Global coal production in 2016 declined the most it ever has, as China and the U.S. dug up less of the fuel and burned less of it for electricity. Prices for croissants, brioche and the like are expected to rise quickly if a butter shortage is not soon remedied in France. Afternoon Coffee brings you the latest in procurement and supply chain news.
The fall of the pound in the wake of Brexit has not been the boon for local exports that some had expected. Supply chain professional association APICS announced Tuesday it is expanding its Supply Chain STEM Educational Outreach Program. Afternoon Coffee brings you the latest in procurement and supply chain news.
Concerning the dumping of foreign steel and aluminum in the U.S., President Donald Trump said Monday morning that legislation to address this issue would be coming “soon." The same political forces that spurred last year’s Brexit vote have now hobbled the government that was supposed to execute that decision. Afternoon Coffee brings you the latest in procurement and supply chain news.
Amazon is expecting to get the go-ahead from India’s government to build a nationwide grocery delivery network. Robotics company Boston Dynamics is parting ways with owner Alphabet and will now become part of SoftBank. Afternoon Coffee brings you the latest in procurement and supply chain news.
According to a paper published Thursday by the Spend Matters analyst team, artificial intelligence, social media and mobile will play a bigger role than ever. The Labor Department withdrew Wednesday its 2015 and 2016 informal guidance on joint employment and independent contractors. Afternoon Coffee brings you the latest in procurement and supply chain news.
E-sourcing provider Scout RFP announced Wednesday it had raised $15.5 million in financing, completing a Series B round led by Menlo Ventures. As artificial intelligence begins to seep into our daily lives in the form of self-driving vehicles and voice-controlled devices, those at the forefront of the technology are starting to wonder how these advances could apply to the 3 billion people globally who live in poverty. Afternoon Coffee brings you the latest in procurement and supply chain news.
In case you missed it, Jaggaer and Pool4Tool announced Monday they would merge, beginning what Spend Matters Founder Jason Busch called the start of a trend in direct materials-focused procurement solutions. Coupa’s revenues rose 41% to $41 million compared with a year earlier, according to the company’s most recent earnings report. Afternoon Coffee brings you the latest in procurement and supply chain news.