Coupa announced last week continued momentum in the first half of 2016, bringing on several large brands and highlighting forthcoming items for the Coupa platform at Inspire 2016. Oildex launched a new field ticket solution designed to bring cloud-based document automation to the oil and gas industry. Afternoon Coffee brings you the latest in procurement and supply chain news.
Category Archives: Afternoon Coffee
SAP Ariba announced it intends to make its applications available in China by the end of 2016. P2P provider Vroozi announced it raised $4 million in growth equity, which it will use to target growth in the United States and Europe and expand development in key functional areas. Afternoon Coffee brings you the latest in procurement and supply chain news.
Uber is acquiring self-driving truck technology start-up Otto. The start-up’s co-founder Anthony Levandowski will lead Uber’s self-driving division. And, Volkswagen AG is in the midst of a parts shortage and supplier dispute, leading the automaker to reduce working hours for employees at multiple German plants. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Logistics Will Need to Fill 1.4 Million Jobs, California Wildfire Blocks Trade Route
The U.S. logistics industry will have 1.4 million jobs to fill by 2018. That’s about 270,000 jobs per year the industry will need to fill. And, a raging wildfire in San Bernardino County, California has temporarily shut down northbound traffic on Interstate 15, a major trade corridor between Los Angeles and Las Vegas. Afternoon Coffee brings you the latest in procurement and supply chain news.
The Obama administration has issued new emissions standards for heavy-duty trucks, calling for as much as a 25% reduction in carbon emissions for big tractor-trailers over the next decade. The rules also call for smaller emission reductions for delivery trucks, school buses and other large vehicles. And, Agile Network, a transportation and shipping logistic management company, will acquire Seattle-based supply chain software consultancy Ajilus. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Mexico Car Production Labor Gets More Expensive, GM Said it Made ‘Mistakes’ in Recall
Labor costs in the auto production industry in Mexico is rising, as more automakers set up shop south of the border and drive up demand for employees. Wages have already grown by double-digit percentages in recent years. And, General Motors CEO Mary Barra testified that the automaker failed to properly address the flawed ignition switch in its vehicles that lead to a major recall and several deaths. Afternoon Coffee brings you the latest in procurement and supply chain news.
The Obama administration is pushing for Congress to pass the Trans-Pacific Partnership. The U.S. Trade Representative sent Congress a 36-page “statement of administrative action,” detailing how the administration would implement and enforce the trade deal. And, Tesla edited its Chinese website, removing words like “autopilot” and “self-driving,” in what a spokesperson said was a process of “addressing any discrepancies across languages.” Afternoon Coffee brings you the latest in procurement and supply chain news.
Global crude oil production is expected to slow down, even lag behind demand by nearly 1 million barrels per day, according to estimates from the International Energy Agency. The Paris-based group said it expects no oversupply of oil during the second half of 2016. And, U.S. business inventories increased 0.2% in June, the Commerce Department reported today. Afternoon Coffee brings you the latest in procurement and supply chain news.
Gartner announced its list of the top 25 undergraduate supply chain programs in North America, with Pennsylvania State University's program taking the top spot. Michigan State University ranked No.2 and University of Tennessee came in third. And, OPEC members saw record oil output in July, hitting 33.1 million barrels, up 46,000 bpd from June. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: US Intelligence Aims to Prevent Supply Chain Hacking, Target Hires Another Former Amazon Exec
U.S. intelligence officials plan to provide companies with classified reports and other helpful information on possible hacking threats to their supply chains. It’s part of the National Counterintelligence and Security Center's effort to raise awareness of how hackers and foreign governments can steal sensitive information and cause supply chain disruptions. And, Target Corp. has hired another former Amazon.com executive for its supply chain team. Preston Mosier will now serve as Target’s senior vice president of fulfillment operations. Afternoon Coffee brings you the latest in procurement and supply chain news.
Afternoon Coffee: Honeywell in Talks to Buy JDA Software, Companies Take Longer to Pay Suppliers in 2015
Honeywell International Inc may possibly acquire supply chain management solutions company JDA Software Group. Honeywell is reportedly in talks about a possible acquisition, shortly after it bought U.S. distribution systems and logistics company Intelligrated Inc. And, a new analysis of the 1,000 largest U.S. companies found days payable outstanding (DPO), a measure in days of how long it takes a firm on average to pay suppliers, increased about 5% in 2015. Afternoon Coffee brings you the latest in procurement and supply chain news.
Some members of the Organization of the Petroleum Exporting Countries (OPEC) have called for an oil production freeze at a time when oil supplies are outpacing demand. The news led to increases in oil prices today, with Brent futures trading at $44.87 per barrel, up 1.36%. And, Wal-Mart agreed to buy online retailer Jet.com for approximately $3.3 billion in one of the largest acquisitions of an e-ccomerce company. Afternoon Coffee brings you the latest in procurement and supply chain news.