Tagged Content: General News

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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Beware Ariba’s Patent Treasure Chest: Sourcing and eProcurement (Part 2)

This is the second in a multi-part series on Spend Matters Plus. Read Part 1 here.

As our exploration of Ariba’s extensive and deep patents continues, we turn our attention to three specific patents tied to sourcing and eProcurement. Ariba’s stash covers a broad range – and a good deal of provider companies in the market can't avoid being in violation. That said, to us, many patents appear to cover either features used prior to the filing date – prior art, as the legal term goes – or be overly broad or otherwise fairly trivial. However, if and when Ariba decides to release their legal hounds, a good number of companies will likely be dragged in. Some providers might have struck licensing deals, and for those with IP portfolios of their own there is always a mutual cross-licensing arrangement to be made. In this Spend Matters Plus research brief, Thomas Kase, VP of research, discusses the following Ariba patents: auction bid and visibility restrictions; eProcurement (“figuring out if your supplier is on the Internet”); and supplier connectivity.

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Foie Gras Suppliers Battle California’s Ban, Microsoft to Cut Up to 18,000 Jobs

- July 17, 2014 12:47 PM | Categories: Afternoon Coffee

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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Procurement Provider Net Promoter Study

- July 17, 2014 11:11 AM | Categories: Analytics, Commentary, Procurement Research

We’re launching the first round of an ongoing “benchmark” survey that gauges procurement provider satisfaction scores for six different procurement process areas. In each, we measure importance, level of automation, currently selected vendors (as well as current/planned technology approaches), and of course the satisfaction score used to generated a promoter score. Depending on the answers to the questions, we also ask a few follow-on questions (e.g., what were the biggest reasons for low promoter scores) and finish off with some questions on major gaps with existing provider offerings (in addition to emerging technology areas). The first 100 qualified practitioners to participate get their choice of three incentives!

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Apple and IBM Announce Deal, First Edition of Das Kapital Sells for $40K, Time Warner Rejects Takeover Bid

- July 16, 2014 12:44 PM | Categories: Afternoon Coffee

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

- July 15, 2014 12:40 PM | Categories: Afternoon Coffee

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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