A column in the New York Times earlier this week laid out an uplifting picture of the U.S. economy. A high schooler created a machine learning system that can autogenerate new rap songs. Afternoon Coffee brings you the latest in procurement and supply chain news.
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Afternoon Coffee: Wal-Mart Tears Down Wall Between In-Store and Online Buyers, EU Ratifies Canada Trade Deal
Wal-Mart will combine the teams it uses to buy for its physical stores and its online store, which until now have operated independently. The European Parliment ratified the Comprehensive Economic and Trade Agreement Wednesday in a move that stands to buck protectionist policies advocated by President Donald Trump. Afternoon Coffee brings you the latest in procurement and supply chain news.
Health insurers Aetna and Humana have called off their $34 billion merger, after a federal judge ruled against the deal in January. And Kellogg Co. is changing its distribution model for snack products. Instead of delivering products directly to stores, the company behind Cheez-Its and Corn Flakes will switch to a warehouse model. Afternoon Coffee brings you the latest in procurement and supply chain news.
We’ve been writing a lot about how the Trump administration is creating a difficult procurement situation with Mexico, but America’s neighbor to the north is in a precarious position, as well. Canadian Prime Minister Justin Trudeau is meeting with President Trump in Washington Monday in what should be the first indication of the future of the North American Free Trade Agreement (NAFTA). Plus, Supply chain information network provider E2open announced Monday it would merge with Steelwedge, a company providing sales and operation (S&OP) planning software. Afternoon Coffee brings you the latest in procurement and supply chain news.
Heed threats about moving to Mexico? Please. Companies such as Caterpillar, Nucor and Rexnord are sticking to their plans of moving operations south of the border. The Wall Street Journal reports that the moves to redraw supply chains can save the companies millions of dollars, especially now, with the peso in free fall. Afternoon Coffee brings you the latest in supply chain and procurement news.
A surplus of grain worldwide has led to falling prices and growing debt for farmers, and reverberations may be felt in agricultural goods supply chains. And Boeing is setting up a new unit for defense operations in India as part of efforts to win a sizeable share of the billions that the country is spending on defense weapons. Afternoon Coffee brings you the latest in supply chain and procurement news.
Procurement solutions provider GEP released its Procurement Outlook 2017, an annual report on business and economic trends and how they affect sourcing and procurement organizations. And General Motors Co.'s North American margins are threatened by the Trump administration's proposed 20% tax on imports from Mexico. Afternoon Coffee brings you the latest in procurement and supply chain news.
Mobile e-procurement provider Vroozi has appointed a new CEO, Gregg Parise, who was formerly the CEO of Events.com. And SciQuest has rebranded itself as Jaggaer. The new name is meant to reflect the company’s promise of “delivering comprehensive, focused spend solutions for a broad range of businesses." Afternoon Coffee brings you the latest in supply chain and procurement news.
Afternoon Coffee: Dodd-Frank Rollback Faces Obstacles, Tech Companies File Legal Brief Against Travel Ban
The Securities and Exchange Commission’s efforts to scale back the Dodd-Frank Act faces a lengthy amendment process, and potential litigation will only prolong it, according to legal experts and former SEC staff who spoke with the Wall Street Journal. And last night, 97 tech companies banded together to file a legal brief against the Trump administration's travel ban. Afternoon Coffee brings you the latest in supply chain and procurement news.
Two pieces in the Wall Street Journal caught our attention this week in the procurement news sphere, one on the contingent workforce and the other on the looming fight surrounding NAFTA. And, Employers added 227,000 jobs to their payrolls in January. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: SEC to Reconsider Conflict Minerals Regulation, Target Steps Back from Innovation Push
The acting chairman of the Securities and Exchange Commission said Tuesday the agency would reconsider the way it enforces conflict minerals reporting. Target is cutting some of its innovation programs as it deals with soft sales and traffic during the holidays. Afternoon Coffee brings you the latest in procurement and supply chain news.
Amazon announced Tuesday it plans to build a centralized air hub in Kentucky to support its Prime Air cargo planes. President Donald Trump met with several pharmaceutical CEOs Tuesday to tell them he wants their companies to manufacture products in the U.S. and reprimand them for rising drug prices. Afternoon Coffee brings you the latest in procurement and supply chain news.