Taulia and Greensill Capital were recently featured in The Economist, in an article examining how fintech is helping resolve payment tensions between buyers and suppliers. Software giant Oracle announced Friday it would acquire Apiary, whose APIFlow solution provides the framework and tools for developing application programming interfaces (APIs) that share enterprise services and data. Afternoon Coffee brings you the latest procurement and supply chain news.
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Afternoon Coffee: UK to Leave EU’s Single Market, SciQuest Survey Highlights Procurement’s Changing Role
Prime Minister Theresa May outlined in a speech earlier today a plan to definitively split from the European Union’s single market. Source-to-pay (S2P) provider SciQuest announced Wednesday survey results that indicate companies are beginning to view procurement in a more positive light. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Shiftgig Secures $20 Million in Series C Round, How Blockchain is Transforming the Cotton Industry
Shiftgig will use the funding to expand its sales and marketing operations and continue improving upon its core technology product, hiring 100 people to support the effort. The cotton industry is turning to blockchain to make trading easier, more secure and more efficient. Afternoon Coffee brings you the latest in procurement and supply chain news.
Foxconn, Sharp and TSMC have all recently expressed interest in taking advantage of expected business-friendly policies in the US by increasing manufacturing investments in the country. E-commerce giant Amazon revealed Thursday a plan to create more than 100,000 full-time jobs in the U.S. Afternoon Coffee brings you the latest in procurement and supply chain news.
Minneapolis-based Target led a $3.7 million investment round for Inspectorio, a company that helps retailers monitor factories through inspections and data analysis. Exports from China fell sharply last month, with one notable exception. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Corporate Spending on Artificial Intelligence Booms, DOT Forms Committee on Automation
Spending on artificial intelligence technologies by companies is expected to grow to $47 billion in 2020 from a projected $8 billion in 2016. The U.S. Department of Transportation has formed a group to define relevant research and policy goals, as well as regulations, related to the development of autonomous vehicles. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: The Top States for Renewable Energy Procurement, DCR Workforce Recognized by CIOReview
Based on a new report’s Corporate Clean Energy Index, Iowa comes out on top because of the opportunity to procure renewable energy (RE) through regulated utilities within the state. DCR Workforce (DCR), a provider of services procurement solutions, announced it was recognized as one among the "20 Most Promising Procurement Solution Providers 2016" by CIOReview. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Denali Sourcing Services Acquired by WNS, GEP Inks Agreement with Prudential UK & Europe
Denali Sourcing Services announced Tuesday it has been acquired by WNS Holdings, turning a once finance and accounting-focused procure-to-pay (P2P) offering into a more comprehensive solution aimed at procurement groups. S2P provider GEP announced Tuesday it will provide outsourced procurement services and its SMART by GEP platform to Prudential UK & Europe.
Afternoon Coffee: Online Shopping Dominates Holiday Sales Data, Fiat Chrysler to Invest $1 Billion in U.S.
Online sales increased nearly 11% from the previous holiday season, compared with just 2.7% growth at brick-and-mortar stores. Fiat Chrysler announced this weekend it plans to build in the U.S. three new Jeeps and a Ram pickup now produced in Mexico. Afternoon Coffee brings you the latest in procurement and supply chain news.
Welcome to the first Week in Metals of 2017! Remember the ‘80s? Robert Lighthizer does because he was a deputy U.S. Trade Representative back then and he was key to the Reagan Administration stemming the tide of imports from Japan with threats of quotas and punitive tariffs. Now he’s got the top job as the U.S. Trade Rep for the incoming Trump administration
Sales for Tesla's distinctive electric vehicles grew at a steady clip last quarter, but the company is still struggling to bulk up parts delivery, production and distribution efforts enough to prevent delays for customers. Source-to-pay provider (S2P) SciQuest announced Tuesday it finished 2016 with the strongest financial and business position in the company's 22-year history. Afternoon Coffee brings you the latest in procurement and supply chain news.
Automaker Ford reversed a decision Tuesday to build a new plant in Mexico, saying it would instead invest in current facilities to increase production in Michigan and Mexico. General Colin L. Powell Colin Powell will join former U.K. Prime Minister David Cameron as keynote speaker at ISM’s annual conference this year. Afternoon Coffee brings you the latest in procurement and supply chain news.