Tagged Content: General News

McDonald’s Ruling Good News for Unions, Boeing to Build New 787 Dreamliner at Nonunion Factory

- July 30, 2014 12:41 PM | Categories: Afternoon Coffee

The National Labor Relations Board has ruled that McDonald’s could be held jointly responsible for labor and wage violations by its franchises. And Boeing will build a longer version of the 787 Dreamliner jet exclusively at its nonunion factory in South Carolina. Afternoon Coffee brings you the latest news in supply chain and procurement.

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General Mills Pledges to Cut Emissions in Supply Chain, Russia May Ban U.S. Poultry Imports

- July 29, 2014 12:28 PM | Categories: Afternoon Coffee

General Mills is the first major food company to pledge to cut greenhouse gas emissions in its supply chain and to advocate for climate policy. And Russia may ban imports of chicken from the U.S. and some European fruit, possibly in retaliation for tougher sanctions from the E.U. and the U.S. Afternoon Coffee brings you the latest news in supply chain and procurement.

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The White House and SupplierPay: From the Basics to the Behind the Scenes

- July 29, 2014 2:38 AM | Categories: Public Sector, Supplier Management, Supply Chain

800px-White_House_Washington Right around the time that the Spend Matters analyst tasked with covering the intersection of purchase-to-pay, order-to-cash, trade financing, and payments left the country for a few weeks, President Obama and his team had the nerve to fast-track what is perhaps the most important thing to happen to procurement in decades in terms of government guidance. Earlier this month, the White House unveiled SupplierPay, a corporate program designed to get cash flowing more effectively throughout the supply chain. It's not a technology or mandate. Rather, it is a non-binding private/public partnership to encourage industry to improve the speed with which actual dollars move from big companies to small.

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Dollar Tree to Buy Family Dollar for $8.5B, McDonald’s Pulls Meat Products from Chinese Menus

- July 28, 2014 12:49 PM | Categories: Afternoon Coffee

Dollar Tree will buy Family Dollar for $8.5 billion, a deal that would create a 13,000-store company that can demand lower prices from suppliers and compete against Dollar General, Walmart, and Target. And McDonald’s has pulled beef, pork, and chicken products from its restaurants in China, further damaging consumer trust in fast food safety. Afternoon Coffee brings you the latest news in supply chain and procurement.

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Deem Raises $50M in Funding Round, Shanghai Husi Food Faced Claims of Unethical Work Practices

- July 25, 2014 12:46 PM | Categories: Afternoon Coffee

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

- July 24, 2014 12:51 PM | Categories: Afternoon Coffee

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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Taulia Raises $27 Million, Valuing Company at 15X Trailing Revenue (Roughly)

We continue to be surprised at some of the funding rounds and public company valuations in the sectors of procurement and trade financing (receivables and payables financing). However, Taulia is one of the few vendors that I’d bet my own money on to grow into what is a curiously high valuation based on historical – even historical tech – norms. It’s my estimate that the recent Taulia valuation round was done on a valuation multiple roughly around 15 times trailing top line numbers. I base this multiple on a napkin sketch of Taulia’s current accounts and business activities (including program adoption) and a WSJ blog pegging the overall valuation at $200 million.

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China Detains Expired Meat Supplier Employees, Apple Reports $7.75B Profit, $10K Fossilized Dung

- July 23, 2014 12:47 PM | Categories: Afternoon Coffee

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%

- July 22, 2014 12:57 PM | Categories: Afternoon Coffee

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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European Olive Oil Prices Rise Over 30% Since Start of the Year

- July 21, 2014 2:43 PM | Categories: Commodities, Guest Post

Prices for olive oil have risen sharply in Italy, up 32 percent since the start of the year and 15% year-over-year. Spanish prices had been falling since September 2013 due to a record production year; however at the start of June prices started rising and are currently over 10 percent higher than a month ago. This rapid price acceleration has been driven by the weather. There was above average dry and warm weather throughout the Mediterranean olive-growing belt in May and June. This dry heat hit the olive trees during the blooming period when moisture is vital to ensure maximum olive growth and the eventual oil yield.

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Slavery in UK Businesses’ Supply Chains, Chinese Supplier Sold Expired Meat to McDonald’s

- July 21, 2014 12:55 PM | Categories: Afternoon Coffee

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?

- July 18, 2014 12:30 PM | Categories: Afternoon Coffee

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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