General News Content

Afternoon Coffee: Fed’s Beige Book Positive Despite Hurricanes, Per Angusta Raises €1 Million in Seed Round

The U.S. Federal Reserve’s lastest edition of its Beige Book indicated modest to moderate economic growth across its 12 districts from September to October. Sourcing startup Per Angusta announced Thursday it had €1 million in an initial investment round led by investment funds Kreaxi and Pléiade Venture. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: New IBM Blockchain Solution to Accelerate Global Payments, Rio Tinto Charged with Fraud

IBM announced Wednesday a new blockchain solution that will help financial institutions reduce settlement costs and speed up the process of completing global payments. Mining giant Rio Tinto and two of its former executives have been charged with fraud by the Securities and Exchange Commission (SEC). Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: SolutionMap Releases and Updates for Q4 2017, Coupa Acquires Fraud Detection Company Deep Relevance

Spend Matters released Tuesday its Q4 2017 edition of SolutionMaps, including updates for P2P and its subareas as well as the first of its strategic procurement technologies series with sourcing.Spend management provider Coupa announced Tuesday it had acquired Deep Relevance, an analytics platform that specializes in fraud detection. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Steel Challenging Aluminum’s Rise at Auto Makers, Yellen Sees Economy in Good Health

Challenging the rise of the all-aluminum body in cars, forms of lighter, stronger steel are becoming increasingly popular with auto makers. The U.S. economy is in good health and its continued strength should warrant additional interest rate increases. Afternoon Coffee brings you the latest in procurement and supply chain news.

New Report: For Freelance Engineers or Designers, San Francisco Offers Highest Compensation

If you’re an engineer or designer thinking about going freelance, San Francisco is the place to be, with average hourly rates of $105 and $85 respectively, according to a recent report from Hired, a San Francisco-based tech-centric talent platform. For this report, Hired looked at its own data on contractor workers in the U.S. and the U.K. who used the talent platform. In 2016, this translated to more than 175,000 interview requests and job offers.

How Procurement Can Deliver the Benefits of the High-End Gig Economy — Innovation

consultant

Access to highly skilled, specialized talent is becoming a serious challenge for most enterprises. Overcoming this challenge begins with recognizing that a new model for sourcing and engaging this talent is emerging. But organizational adoption of these models is not as simple as a adding a new supplier, bringing up a new VMS or setting up an MSP or internally managed program. It is really a process of organizational change and innovation.

Does the Supply Chain Hiring Process Need Revamping? ISM’s M.L. Peck Discusses Talent Gaps and the “30 Under 30” Competition

interview

The nomination period has opened again for the “30 Under 30 Rising Supply Chain Stars” program, which recognizes some of the most talented young supply chain professionals. (A public service announcement: If you’re interested in nominating someone, you have until Dec. 3!) Organized by the Institute for Supply Management (ISM) and Thomasnet.com, “30 Under 30” is now in its fourth year and just as ambitious as ever in its aim to attract young people to the supply chain field and tackle that notorious talent gap.

Afternoon Coffee: Tradeshift Joins Hyperledger Board, Financial Crises Now a Fixture of Modern Life

Tradeshift has joined Hyperledger, an open source collaborative effort hosted by the Linux Foundation to advance cross-industry blockchain technologies, as part of its governing board. Financial crises are now a fixture of modern life rather than a black swan event, according to Deutsche Bank. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hurricane Nate Stalls Produce Shipments in Gulf, Trade Tensions Flare for Berry Growers

While Hurricane Nate made landfall over the weekend, the effects of the storm are still challenging logistics providers. Increasing American demand for fresh berries has led to an explosion of berry growing in the farmland northeast of Mexico City, but not without chaffing from American growers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hurricane Nate Shutters Crude Production, Tesla Production Well Behind Schedule

Hurricane Nate slashed oil production this weekend, with 92% of crude output offline as of Sunday morning. Tesla’s supply chain woes continued as the company said it made only 260 Model 3s during the third quarter, an average of three cars per day. Afternoon Coffee brings you the latest in procurement and supply chain news.

What Will Freelance Work Look Like in 2027? MBO Partners Has Some Predictions

Lystable

Currently, some 55 million Americans are independent contractors — 35% of the U.S. workforce. That’s a significant increase from a decade ago, when only one in five American workers were freelancers. What can we expect the situation to look like in another decade? To that end, MBO Partners recently published 10 predictions on what freelance work will look like a decade from now, in 2027.

Afternoon Coffee: US Seeks Content Demands in NAFTA Negotiations, Air France KLM Looks to Blockchain for MRO

U.S. Trade Representative Robert Lighthizer plans to propose a new rule into NAFTA negotiations that would require cars contain a specific level of U.S.-made content to qualify for tariff breaks. Air France KLM is evaluating the potential of blockchain for managing its MRO processes for in-service planes. Afternoon Coffee brings you the latest in procurement and supply chain news.