The Afternoon Coffee Category

Afternoon Coffee: Coupa Acquires Catalog Expert Simeno, Freelancer.com Launches Enterprise Solution

Coupa squeezed in one last acquisition for the year Monday with its purchase of Simeno, a P2P provider that specializes in catalog search and management. Freelancer.com is extending its freelancing and crowdsourcing marketplace to serve large organizations that want to scale their flexible workforces. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Coupa Reports Q3 Earnings, Bitcoin Futures Surge on First Day of Trading

Coupa announced last week its Q3 2017 results, with revenues of $47.3 million, an increase of 34% from the same period last year. Bitcoin futures debuted at the Chicago Board Options Exchange Sunday night, surging to 20% over their launch price to more than $18,000 for the January contract. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Dockworkers Walk Out of East Coast Port Labor Negotiations, Brexit Talks Advance to Second Phase

Unionized dockworkers at East Coast and Gulf Coast ports walked out of contract-extension talks this week, primarily over a disagreement on how to define “automation." Brexit negotiations can now progress onto the next stage after the two sides settled three key issues. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Australian Securities Exchange to Run on Blockchain, Thirsty China Propels Aluminum Demand

The Australian Securities Exchange (ASX) announced Thursday it would begin using blockchain to clear and settle trades. Rio Tinto expects Chinese demand to drive aluminum production to 4% annual growth in the coming years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Daimler Launches 3-D Printed Parts Program, Copper Prices Fall to Two-Month Lows

Daimler’s North American Trucks division announced Monday it would start delivering plastic parts produced using a 3-D printer in the coming weeks. Rising inventories caused copper prices to have their worst day in three years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Amazon Goes Live in Australia, Anaplan Raises $60 Million in Series F Round

Amazon launched a version of its site in Australia Tuesday, adding a new player to the retail mix in a competitive market worth hundreds of billions of dollars. Anaplan, a provider that offers an analytics and planning platform for supply chains, announced Tuesday it had raised $60 million in a Series F funding round led by PremjiInvest. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Continuing Coverage of Jaggaer-BravoSolution Merger, CVS-Aetna Deal Upends Healthcare Industry

In case you missed it last week, Jaggaer is acquiring suite provider BravoSolution, a tie up that would make Jaggaer the second largest procurement technology provider by revenue. The title of 2017’s largest acquisition will likely go to CVS, which announced Sunday it would acquire health insurer Aetna for $69 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Volkswagen to Build Electric Cars in US, Ukrainian Shipping Company to Accept Payments in Bitcoin

Volkwagen announced plans Thursday to build one or two electric vehicles in the US by 2023. Ukrainian shipping company Varamar Ltd. is negotiating a deal with a client that will use bitcoin as payment. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: US Rejects Market Economy Status (MES) for China, OPEC Convenes to Discuss Production Limits

The Trump administration has formally rejected China’s request that it be treated as a market economy by the World Trade Organization. OPEC and non-member oil producing nations are meeting in Vienna this week to discuss extending production cuts. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: DHL Orders 10 Tesla Semis, Rising Oil Prices Starting to Affect Supply Chains

Tesla has landed several big-name pre-orders for its electric semi truck, including a deal for 10 trucks with DHL. With oil prices pushing toward $60 a barrel for the first time since June 2015, supply chains are now bracing for higher costs related to shipping and fuel. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Toray Admits to Falsifying Quality Data, Tesla Announces Prices for Electric Semi Truck

Toray Industries Inc., a key global supplier of carbon fiber components, said one of its subsidiaries had sent falsified product quality reports to clients for several years. Tesla announced Monday that its Semi Class 8 electric truck will sell for $150,000 for a model with a 300-mile range and $180,000 for a 500-mile range. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: UPS Acquires Manufacturing Pharmacy License, Japanese Suppliers Boost Capital Investment

UPS has acquired a manufacturing pharmacy license from Georgia's Board of Pharmacy. Major Japanese companies are boosting capital investment spending by 15.8% in fiscal 2017, the largest increase for the country’s economy since the 1990s. Afternoon Coffee brings you the latest in procurement and supply chain news.