U.S. economic growth will continue in 2017, according to purchasing and supply management executives surveyed for ISM’s semiannual economic forecast. The December 2016 report indicated optimism for the coming year in the manufacturing sector, with revenues expected to increase in 16 manufacturing industries. Office supply giant Staples said Wednesday it would sell a majority stake of its European operations to private-equity firm Cerberus Capital. Afternoon Coffee brings you the latest in procurement and supply chain news.
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President-elect Donald Trump used his Twitter account Tuesday to question the price tag on the new Air Force One being built for “future presidents,” suggesting he would cancel the order. KPMG and Ivalua announced an alliance Tuesday designed to help procurement departments realize cost savings, automate source-to-pay (S2P) processes and better mitigate risk. Afternoon Coffee brings you the latest in procurement and supply chain news.
Amazon announced Tuesday the expansion of Amazon Business to Germany, opening the B2B e-marketplace to a region outside of the U.S. for the first time. The new offering aims to replicate the success of Amazon’s consumer-facing site in Germany in a country that already boasts a mature procurement ecosystem. The Dec. 11 deadline for a European Union (EU) decision on whether to grant market economy status (MES) to China is causing some European companies to brace for higher prices. Afternoon Coffee brings you the latest in procurement and supply chain news.
Retailers Target and Wal-Mart are taking a bruising for selling bedsheets purportedly made of Egyptian cotton that supplier Welspun may have woven with lower-quality cotton blends. The election of Donald Trump had a noteworthy effect on bitcoin. Afternoon Coffee brings you the latest in procurement and supply chain news.
Siemens announced Monday it is acquiring Mentor Graphics, an Oregon-based provider of product lifecycle management (PLM) software. The $4.5 billion deal adds to Siemens’ digital portfolio capabilities seen as essential for the next wave of high-tech manufacturing, such as smart products required in autonomous vehicles. The Obama administration’s signature trade deal effectively died Friday, after Congress said it would not advance the Trans-Pacific Partnership in the aftermath of the U.S. presidential election. Afternoon Coffee brings you the latest in procurement and supply chain news.
ICYMI, SpendLead is now out of beta and has become Koble, while Dun & Bradstreet Corp. is testing a blockchain distributed ledger for offering its proprietary corporate data to business customers.
P2P provider SciQuest announced Friday Robert Bonavito had joined the company as its new CEO, replacing Stephen Wiehe, who has stepped down. The U.S. economy grew in the third quarter, putting this year’s expansion on pace to be the fastest in two years. Afternoon Coffee brings you the latest in procurement and supply chain news.
Being a Wal-Mart supplier just got even tougher. The latest developments from the retailing behemoth include tightening shipping windows to two days from four. APICS announced Monday it has reconfigured its Certified in Production and Inventory Management (CPIM) program to better suit the needs of practitioners. Afternoon Coffee brings you the latest procurement and supply chain news.
A strike by plant workers in South Korea Monday crippled production for Hyundai Motor Co., temporarily halting supply of some of the company’s best-selling vehicles in the U.S. The World Trade Organization (WTO) cut its 2016 forecast for global trade Tuesday by more than a third. Afternoon Coffee brings you the latest in procurement and supply chain news.
Our sister site MetalMiner announced today the launch of months-long project examining China’s rise to power in global trade and its attempts to gain market economy status (MES) from the World Trade Organization (WTO) members. And in related global trade news, the WTO sided with the U.S. and Boeing this morning in a trade dispute surrounding subsidies from E.U. member countries to Airbus. Afternoon Coffee brings you the latest in procurement and supply chain news.
Amazon is targeting Grainger's supremacy in the industrial supply market, court transcripts indicate. Tipalti announced recently a $14 million funding round led by SGVC, which it plans to use the new round of funding “to aggressively accelerate the company’s growth.” Afternoon Coffee brings you the latest procurement and supply chain news.
JetBlue has agreed to buy more than 330 million gallons of renewable fuel over 10 years, anticipating future restrictions on airliners’ greenhouse gas pollution. Tesla is in the news yet again for an ongoing dispute with the (former) supplier of its machine vision sensor system, Mobileye. Afternoon Coffee brings you the latest procurement and supply chain news.