This week started with lead and zinc hitting multiyear highs as metal bulls rushed to invest as and infrastructure demand continuing to buoy prices. Tin hit its own high, even as MetalMiner Co-Founder Stuart Burns warned that the rally is based on investment and not supply-and-demand fundamentals. Everywhere we turn, these days, there are more industrial metals bulls (even in India).
The Industry News Category
Spend Matters welcomes this guest post from by Ben Orhan, senior economist with IHS Pricing and Purchasing.
The U.K. manufacturing sector is enjoying a considerable renaissance following sterling's slump over the last few months. A fall of around 15% against the euro since June has aided U.K. manufacturers considerably, with British imports suddenly offered at a relative discount for foreign buyers.
This week MetalMiner Co-Founder and Editor-at-Large Stuart Burns interviewed Harriet Lau, of Chinese aluminum giant China Zhongwang. The company is being investigated by the Department of Commerce for allegedly avoiding anti-dumping and countervailing duty orders by shipping downright ridiculous products to the U.S. Lau said her company was only putting the customer first by shipping the curious 5050 alloy to one customer who wanted it. The Week in Metals brings you the latest in commodities and trade news from MetalMiner.
I’m missing a dinner this week I would have loved to attend. While I’m not sure if there are any spots left for it, Tradeshift is renting out part of one of Chicago’s best restaurants — Blackbird. I would have attended, but one of our close family friends is accepting a prize for medical research at a charity dinner that night. The event is taking place this Tuesday, Nov. 15, and registration is here.
This week, most commodities producers rejoiced as Republican Nominee Donald Trump won the U.S. presidential election, assuring oil, gas and metals producers that a whole slew of regulations and rules will be relaxed once he takes office in January.
Our European readers are likely looking at the news out of the U.S. this morning and feeling shocked in the same way they felt following the Brexit vote. Granted, both elections were equally as close. (Clinton appears to have won the popular vote in the U.S., although the Electoral College makes the election look more one-sided.) But as we get over the initial Facebook breakdowns and capital market shocks, the question remains: What will a Trump presidency look like, and how will it affect procurement?In thinking through the implications, we can break down changes into three areas: environmental policy, trade policy and tax policy.
We’re excited about where Basware’s can go and the mental space that it is trying to carve out in bringing to market a finance-driven philosophy around procure to pay (P2P). Yet recent news to come out of Basware, including potential restructuring/layoffs, couched under the somewhat hilarious euphemism of a “productivity programme,” points to headwinds rather than opportunity.
Gigwalk Struts its Stuff: From a Million Gigwalkers to the Advancement of its Work Execution Platform Solution for Enterprises
Gigwalk, a work intermediation platform provider based in San Francisco, issued a press release today covering its progress in the development of its underlying platform, its solution offerings and its external network of so-called Gigwalkers. To date, the company has secured more than $17 million in private equity from a range of formidable investors, including Randstad Innovation Fund and its parent company, global staffing conglomerate Randstad Holding NV. Gigwalk’s relationship with Randstad clearly goes beyond investment, as evidenced by its major initiative with Randstad Japan. The company has been growing and evolving across several dimensions as it tunes its solution offerings.
Tom Anthony knows a thing or two about the procurement profession. After all, he’s been around the block quite a bit. He’s amassed 18 years of experience at Oracle, and currently serves as vice president of procurement product strategy. (Many of us at Spend Matters have known Tom for a while, covering his insights at Oracle OpenWorld, among other things.) So it’s no surprise that he’s seen a significant amount of change within the procurement sector over the years — but has it really changed all that much since he started out? We recently caught up with Tom in an email conversation to get his latest views.
Spend Matters welcomes this guest post by Nick Lazzara, executive search lead at MRA Global Sourcing.
Procurement is in the midst of a revolution powered by data. IBM has termed this future state the “cognitive era,” a cognitive computing-driven time where computers can gobble up high volumes of structured or unstructured data without flinching and think like a human to deliver more meaningful business insights. To help procurement groups prepare for this upheaval, we’ll cover a few of the skills that will be focal points for procurement employers moving forward.
A subtle shift took place at Zycus Horizon this year compared with past events. Partners started to do more than show up, instead engaging with both the Zycus team and customers. Zycus has a huge opportunity to increase its customer base and defend its existing customer fort from an increasing number of competitors by building out a partner ecosystem that can expand the value of its own solutions. Yet it has been slow to the game to date — a significant tactical mistake, in our view.
During his strategy and keynote talk Monday at Zycus Horizon, CEO and Founder Aatish Dedhia dropped one of the more consistent, direct and humorous phrases he has ever used to describe what Zycus is not doing: pursuing the development of a “pseudo procurement technology suite.” For Dedhia, a suite is about breadth, depth and, ultimately, adoption levels. And there’s nothing “pseudo” about that. I think.