Less than 40% of executives surveyed in a recent Deloitte poll said they were “extremely” or “very” confident about the competence of their supply chain. And, Ford is recalling about 423,000 vehicles in North America due to a defect with the power-assisted steering feature. Afternoon Coffee brings you the latest in procurement and supply chain news.
Category Archives: Afternoon Coffee
The Commerce Department reported business spending in April rose for the second consecutive month. And, the US services sector has slowed this month, however, according to the Markit “flash” Purchasing Managers Index. Afternoon Coffee brings you the latest in procurement and supply chain news.
Food companies are expecting a supply shortage of eggs, as the avian blu infects more and more hens. And, the US Senate passed trade legislation today, which would give President Barack Obama power to “fast track” trade negotiating authority in the Trans-Pacific region.
Afternoon Coffee: Takata Recall Grows Even More, PepsiCo Shareholders Worry About Financial Supply Chain Risks
The Takata car air bag recall is now the largest in US history, according to the Transportation Department. And, PepsiCo shareholders are urging the company to determine the financial risk to its supply chain regarding the sharp decline in bees and other pollinators, which are needed for the apples, oranges and other products Pepsi uses. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: USDA Reviews Food Procurement Program, Congress Looks to Repeal Meat Labeling Laws
The US Department of Agriculture has launched a Foods Business Management Improvement project aimed at improving its food procurement system. And, in June, Congress may attempt to repeal US regulations that require food retailers to identify where meat products came from, including where the animal was born, raised and slaughtered. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Gartner Reports SCM Software Market Grew 10.8% in 2014, Target Warns Processed Food Suppliers of New Promotional Plan
A new Gartner report shows the global supply chain management (SCM) and procurement software market grew 10.8% in 2014, bringing in $9.98 billion in revenues. And, Target said it will spend more money promoting fresher, healthier food products it sells over processed products from companies like Kraft, Campbell and Kellogg Co. Afternoon Coffee brings you the latest in supply chain and procurement news.
Afternoon Coffee: Mixed Results From Latest Round of Economic Reports – But, Hey! Cheaper Gas is on its Way!
Industrial production in the US took a hit during April, dropping 0.3%, according to the Federal Reserve. US unemployment claims, however, have hit a 15-year low as of last week, surprising economists who expected more Americans to file for benefits. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Walmart Nears Launch of New Prime-Like Delivery Service, Gartner Releases Annual Supply Chain Top 25 List
Walmart is reportedly planning to launch an Amazon Prime-like fast-shipping subscription service by early summer. And, Amazon, McDonald’s and Unilever were once again in the top 5 of the newly released Supply Chain Top 25 ranking by Gartner. Afternoon Coffee brings you the latest in procurement and supply chain news.
US import prices were down in April again, marking the 10th consecutive month of declines. And, April retail sales were unchanged from March numbers, and over the past year, sales have seen an unimpressive rise of 0.9%. Afternoon Coffee brings you the latest in procurement and supply chain news.
Verizon announced it will buy AOL Inc. for $4.4 billion – a move that is expected to significantly ramp up the wireless carrier's mobile video platform. And, Shell was given the green light to begin drilling for oil in the Arctic off the coast of Alaska. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: GM Introduces New Supplier Program, Volvo Sets Sights on South Carolina for New Plant
General Motors has launched its One Cost Model parts-buying program, which offers longer contracts to suppliers in lieu of allowing the automaker to inspect their factories and analyze internal spending data to determine if the supplier can cut costs. Volvo Car Corp. will build a $500 million new assembly plant in Berkeley County, South Carolina, helping its efforts to double global sales by 2020. Afternoon Coffee brings you the latest in supply chain and procurement news.
Wholesale inventories rose 0.1% in March, but wholesale sales dropped 0.2%, according to the Commerce Department. A total of 223,000 jobs were added in April, helping the unemployment rate in the US fall to 5.4%. Afternoon Coffee brings you the latest in procurement and supply chain news.