Category Archives: Industry News

Heavy Rains Threaten to Reduce Peanut Production in Argentina

peanut

Spend Matters welcomes this guest post from Jara Zicha, a market analyst at Mintec.

Over the last 35 years the nut industry has expanded with ever increasing production, closely linked demand and more efficient global logistic chains. Current world production for all nut types is upwards of 3.7 million metric tonnes; this volume is around 60% higher than production recorded a decade earlier. For those not familiar with the market, the four most important nuts are almonds, pistachios, walnuts and cashews; however, from a U.S. perspective, peanuts are certainly on par with almonds. Even though the southern states of the U.S. produce peanuts, the U.S. relies on trading partners like Argentina to support its industry.

Book Review: Legal Blacksmith — How to Avoid and Defend Supply Chain Disputes

book

We are in the middle of a great period for procurement and supply chain books, with several very impressive examples being published over the last two years or so. (We’ve linked to our overview of some of those at the end of this article). Now, there is another impressive publication to add to the list. "Legal Blacksmith – How to Avoid and Defend Supply Chain Disputes" has a different perspective to any book we have seen previously in our sector.

The Ripple Effect of Supplier Bankruptcy: Broad and Deep

Spend Matters welcomes this guest post from Rose Kelly-Falls, senior vice president of supplier risk management at Rapid Ratings.

A critical 105-year-old automotive interior supplier filed for bankruptcy last week, making General Motors’ worst nightmare a reality. Clark-Cutler-McDermott (CCM), a Massachusetts-based GM supplier, makes approximately 175 parts for GM and relies on the automaker for more than 80% of its revenue. For any company, such a crucial partner’s bankruptcy would be challenging, but for a Fortune 500 company, it can be brand-defining.

Investors Increasingly Care About a Company’s Sustainability Practices

sustainable

Recent research has shown investors are attracted to companies that are dedicated to sustainability. A study or more than 7,000 managers and investors around the globe conducted by MIT Sloan Management Review and The Boston Consulting Group showed investors link sustainability performance to a company’s value and use information on a company’s sustainability efforts as a key criterion for making investment decisions.

eBay Launches eBay Business Supply, a Rebrand of its B2B Offerings

BuyerQuest

eBay recently launched eBay Business Supply, a new rebrand that brings together its business and industrial category, SAP Ariba Spot Buy and eBay Wholesale Deals solutions to a single platform. eBay said that Business Supply “centralizes” the e-commerce company’s business-to-business offerings and gives companies of all sizes the opportunity to buy and sell supplies and equipment in several product categories.

Survey: Consumers Want Food Suppliers to be Audited for Animal Welfare Standards

food

A new survey of U.S. consumers shows shoppers want food suppliers to be audited by independent third parties to ensure animals are humanely cared for. The survey provides insight for food companies and retailers on the increasing demands of consumers today and their growing desire to buy sustainable, ethical food products. Lake Research Partners carried out the online survey of 1,000 adult U.S. consumers on behalf of the American Society for the Prevention of Cruelty to Animals (ASPCA).

5 Reasons Why a Coupa IPO Would be Good for Procurement

NYSE

It appears the rumors of a Coupa IPO are closer than we might think. According to Reuters, Coupa apparently has hired a lead underwriter (Morgan Stanley) and secondary bookrunners. I personally think a Coupa IPO would be a net positive for the procurement industry and its various constituents overall. Here are five reasons why.

Brexit: A ‘Huge Supply Chain Problem’

Brexit

Much of the rhetoric around Brexit has been very political, but the global business community needs to become a bigger part of the conversation, according to Bindiya Vakil, founder and CEO of supply risk management and market intelligence solution provider Resilinc. Brexit is not a local or regional problem — it will impact companies around the world, she said, adding this is a “huge supply chain problem.”

SirionLabs Secures $12.25M in Latest Funding Round

FusionOps funding

Supply chain management solutions provider SirionLabs raised $12.25 million in a recent Series B financing round, led by Sequoia Capital. Ajay Agrawal, CEO of SirionLabs, said the funding would enable his company to expand market growth and innovation. Sequoia previously invested in SirionLabs, contributing to the software provider’s Series A financing.

Future Purchasing Category Management Survey: Please Contribute To Useful & Important Research!

ISM

Pretty much every consulting firm has its own process and tool-kit, too. Whether it’s seven steps, nine steps or 17 sub-processes, there is plenty of advice from those who will tell you how to implement CatMan successfully. But there is less in the way of hard, evidence-driven thinking and research that can bring objectivity to the questions around how organizations can succeed with CatMan. That's why the Future Purchasing Category Management survey is so valuable.

What Do Procurement People Do All Day? ISM Wants to Know

ISM

Many parents might be familiar with Richard Scarry’s book “What do People Do All Day.” It’s a wonderful illustrated children’s book dealing with all of the various roles that people play in a small town. If there were a corporate edition, there'd likely be a procurement person in it, and if you wanted to help those procurement folks, you'd want to know what they do all day so that you could best help them. This is what ISM is asking its membership and the profession at large.