Category Archives: Afternoon Coffee
Deem Raises $50M in Funding Round, Shanghai Husi Food Faced Claims of Unethical Work Practices
Cloud and mobile commerce company Deem has raised $50 million in its latest funding round. The funds will go towards network growth, global expansion, and acquisitions. The latest news in China's food scandal saga is that Shanghai Husi Food, the U.S.-owned Chinese food supplier in the midst of it all, had faced claims last year over unethical work practices. Friday Latte will soon be incorporated under Spend Matters PRO, so enjoy your free procurement news column while you can (joking, joking, but do read David Wyld's column).
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McDonald’s Sticks With Meat Supplier OSI Group, GM Reports 80% Drop in Q2 Profit
McDonald’s will keep OSI Group as a meat supplier, despite the recent expired meat scandal in China that led to five detained employees. And Bill Simon, the chief executive of Walmart’s U.S. division, is leaving the company and will be replaced by Greg Foran. Afternoon Coffee brings you the latest news in supply chain and procurement.
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China Detains Expired Meat Supplier Employees, Apple Reports $7.75B Profit, $10K Fossilized Dung
China has detained five employees of a U.S.-owned Chinese meat supplier for allegedly selling expired meat to fast-food chains in China. And Apple Inc. reported a $7.75-billion profit in the quarter that ended June 28, due in no small part to strong iPhone sales. Afternoon Coffee brings you the latest news in supply chain and procurement, as well as -- there's always something else, reader -- a really good deal for fossilized feces.
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Apple Suppliers to Produce Up to 80M Big-Screen iPhones, Mobile Advertising Spending To Rise 83%
Apple Inc. has asked suppliers to make 70-80 million large iPhones with 4.7-inch and 5.5-inch displays by Dec. 30, the company’s largest initial production run of iPhones. Which ties in rather nicely with estimates from the research firm eMarketer predicting that spending on mobile advertising will increase by 83 percent to nearly $18 billion in 2014. Afternoon Coffee brings you the latest news in supply chain, procurement, and fruit recalls.
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Slavery in UK Businesses’ Supply Chains, Chinese Supplier Sold Expired Meat to McDonald’s
In a recent survey by the Chartered Institute of Purchasing and Supply, nearly three-quarters of supply chain professionals have “zero visibility” on the earlier stages of their supply chains, with 11 percent noting that slave labor was “likely” used. And McDonald’s and Yum Brands have stopped buying meat products from a Chinese supplier that allegedly sold chicken and beef past their expiration date. Afternoon Coffee brings you the latest news in supply chain and procurement.
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FedEx Indicted for Shipping Drugs, Buckyballs Recall, What Does “Made in the USA” Mean?
FedEx has been indicted by the U.S. Department of Justice for delivering drugs for illegal online pharmacies, for which the shipping company could pay a fine of more than $1.6 billion. FedEx denies the charges. In other news, what does it mean to say a product is "made in the USA"? Not necessarily that it's made in the USA, apparently. Friday Latte brings you the latest news in supply chain and procurement.
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Foie Gras Suppliers Battle California’s Ban, Microsoft to Cut Up to 18,000 Jobs
Foie gras suppliers from 13 states are taking California’s ban to the Supreme Court, saying that prohibiting the sale of the fatty liver on the grounds that force feeding ducks and geese is inhumane is “unfair and hurts their businesses.” And Microsoft plans to cut up to 18,000 jobs, or about 14 percent of its work force, over the next year. Afternoon Coffee brings you the latest news in supply chain and procurement.
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Apple and IBM Announce Deal, First Edition of Das Kapital Sells for $40K, Time Warner Rejects Takeover Bid
Formerly bitter competitors, Apple Inc. and IBM have announced a deal to create business apps and sell iPhones and iPads to IBM’s corporate customers. And Time Warner has rejected an $80-billion takeover offer from 21st Century Fox. Afternoon Coffee brings you the latest news in supply chain and procurement, plus a rich bit of irony and yet another public service announcement.
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Germany’s Top Wurst Producers Fined for Price Fixing, Qatar’s Plan for Procuring a Soccer Team
Germany’s Federal Cartel Office has fined some of the country’s most popular wurst producers €338 million ($460 million) for price fixing. And the Congressional Budget Office released its annual 25-year forecast, which estimates that federal spending on major health care programs will decline to 8 percent of GDP by 2039. Afternoon Coffee brings you the latest news in supply chain and procurement. As well as some wurst news -- but please, no wurst puns.
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Samsung Suspends Business with Chinese Supplier, Qatar Airways CEO Lambasts Airbus and Boeing
Samsung has suspended business with a Chinese supplier over child labor allegations. And the chief executive of Qatar Airways lambasts suppliers Airbus and Boeing for delayed deliveries and poor quality, saying that there will be no new plane orders forthcoming. Afternoon Coffee brings you the latest news in supply chain and procurement.
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White House Announces Supplier Payment Program, Tariffs on South Korean Steel Pipe and Tube
The Obama administration is set to announce a voluntary program in which companies commit to speed up payments to smaller suppliers. Apple and Coca-Cola are among the two dozen companies that have already signed up. And the U.S. Commerce Department is deliberating tariffs on South Korean steel pipe and tube, as the products are made partly from subsidized Chinese steel. Friday Latte brings you the latest news in supply chain and procurement, plus some Suarez news.
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Samsung to Probe Claims of Supplier Using Child Labor, IBM to Spend $3B on Chip Research
Samsung will investigate claims by a labor watchdog group that a supplier in China used underage workers to make phone parts. And IBM plans to devote $3 billion over the next five years to computer chip research and development. Afternoon Coffee brings you the latest news in supply chain and procurement, as well as rumors that those enormous Crumbs cupcakes will be back.
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