Eight carmakers including Honda and Fiat are recalling more than 12 million U.S. vehicles due to defective Takata airbags. This new round of recalls is focused on the passenger-side air bag inflators. And U.S. GDP rose 0.8% in the first quarter of the year, more than previously thought, the Commerce Department reported today.
Category Archives: Afternoon Coffee
Afternoon Coffee: Federal Contractors May Need to Report Greenhouse Gas Emission Data, Google Opening Autonomous Vehicle Center Near Detroit
The Obama administration is considering asking federal contractors to report greenhouse gas emissions data. A proposed new rule would require contractors to share the amount of greenhouse gas they emit, their emission reduction goals and targets as well as how they think climate change may threaten their business. And, Google will open a self-driving technology development center in Novi, Michigan, near Detroit, as part of its push to build autonomous cars. Afternoon Coffee brings you the latest in procurement and supply chain news.
Toyota Motor Corp. is expanding its recall of vehicles in the U.S. made with possibly faulty Takata airbags. The carmaker added about 1.6 million vehicles to the recall, including Toyota, Scion and Lexus cars from 2006-2011 model years. And, e-commerce growth is driving about 20% of the demand for prime warehouse space in the U.S., and rent prices have increased nearly 10% in the last year. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: US Manufacturing Sector Growth Slows in May, Panasonic Plans to Expand Auto Business Through M&A Deals
May was a lackluster month for the U.S. manufacturing sector, with output falling for the first time since September 2009 and new orders expanding at their slowest rate of 2016, according to Markit’s latest Purchasing Managers Index. The Index registered 50.5, down from the 50.8 in April. And, Panasonic Corp. is planning to add $3.6 billion in new revenue to its auto business over the next two years through mergers and acquisitions. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Uber Tests Self-Driving Cars in Pittsburgh, Tesla Suppliers Under Pressure For Model 3 Parts
Uber will soon be testing self-driving cars in Pittsburgh. The company outfitted a Ford Fusion with radar, laser scanners and cameras — technology Uber said could save lives, reduce congestion and offer more affordable transportation. And, Tesla Motors’ suppliers will have to ramp up production of parts as the electric car maker announced it wanted to launch its Model 3 in 2018, two years earlier than originally planned. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Amazon on Hunt for Freight-Transportation Network Technology, Wal-Mart Expands Sourcing With McKesson for Generic Drugs
Amazon.com Inc. is looking to license or acquire technology for its freight-transportation network. The company has reportedly requested information recently from several freight-services-technology providers. And, Wal-Mart is expanding its sourcing partnership with U.S. drug distributor McKesson to continue driving down the costs of generic medicine. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Canada Oil Workers Evacuated as Wildfire Spreads, SAP & UPS Announce 3D Printing Network
About 8,000 workers were evacuated from oil sand camps yesterday as the Fort McMurray wildfire in Alberta, Canada, spread. The fire is estimated to have cut Canadian oil output by 1 million barrels a day. And, SAP and UPS announced a partnership for an on-demand 3D printing network. Afternoon Coffee brings you the latest in procurement and supply chain news.
Starbucks plans to raise $500 million for future sustainable coffee supply chain management projects. The company announced this week it would sell 10-year bonds, called U.S. Corporate Sustainability Bonds, to fund the projects, which includes ethical sourcing with certified coffee suppliers. And, U.S. industrial output increased more than expected in April, rising 0.7%, thanks to a jump in utilities output. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Amazon Expected to Be Top Retailer by 2017, Online Sales Surge Increasing Demand, Prices for U.S. Warehouses
Amazon is on track to become the top U.S. apparel retailer by 2017, overtaking No. 1 retailer Macy’s, according to an analysis by investment bank Cowen. Apparel purchasers on Amazon increased 19% in the first quarter compared to Q1 2015. And, The growth in U.S. online sales is increasing the demand for, and prices of, warehouse space. Real-estate brokerage firm CBRE Inc. reported warehouse rental prices rose 9.9% in 2015 compared to 2015. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Shell Spill Leaks 90,000 Gallons of Oil in Gulf of Mexico, Iran’s Oil Production Rises in April
A Shell oil facility off the coast of Louisiana leaked nearly 90,000 gallons of crude oil into the Gulf of Mexico yesterday. The Coast Guard said the spill left a 13- by 2-mile sheen of oil on the water, but that it was contained and two companies were contracted for clean up. And, global oil supplies are shrinking, despite Iran’s fast rate of production, the International Energy Agency reported this week. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Staples & Office Depot Will Not Merge, Canadian Oil-Sands Facilities Suffer Little Damage from Wildfire
The proposed merger of Staples and Office Depot is officially dead after a federal judge blocked the $6.3 deal Tuesday. The Federal Trade Commission argued the merger would negatively impact competition in the market. And, Canadian oil-sands facilities that shut down due to the Fort McMurray wildfire have suffered little physical damage, if any, from the blaze. Afternoon Coffee brings you the latest in procurement and supply chain news.
The U.S. Food and Drug Administration will reportedly reexamine what “healthy” food means and how companies can label products advertised as healthy. The agency said it would reevaluate its regulations on food nutrient content claims and will ask for the public’s opinion in the process. And, wholesale trade increased 0.7% in March to $403.7 billion from February, the U.S. Census Bureau reported today. Afternoon Coffee brings you the latest in procurement and supply chain news.