General News Content

Afternoon Coffee: Dockworkers Walk Out of East Coast Port Labor Negotiations, Brexit Talks Advance to Second Phase

Unionized dockworkers at East Coast and Gulf Coast ports walked out of contract-extension talks this week, primarily over a disagreement on how to define “automation." Brexit negotiations can now progress onto the next stage after the two sides settled three key issues. Afternoon Coffee brings you the latest in procurement and supply chain news.

How Blockchain and Bitcoin Can Disrupt the AP Process — In a Good Way

blockchain

Spend Matters welcomes this guest contribution from Laurent Charpentier, chief innovation officer, Yooz Inc.

Blockchain. Cryptocurrencies. Bitcoin. These are certainly hot topics in today’s daily business news. It’s all still a bit of a mystery to most of us. It started with bitcoin (a cryptocurrency) in 2013 and the idea of a digital currency used to buy anything from music to cupcakes couldn’t have been more exciting — or more timely — as technology continues to advance at lightning speed. And blockchain is the platform used for verifying and recording transactions that’s at the heart of bitcoin, and is considered as having the potential to reshape the global financial system, among other industries.

What One of Canada’s Richest Men Really Cares About When It Comes to Global Trade

Barry Zekelman's story sounds like the typical American dream — a tale of how he and his brothers were thrust into their father’s fledgling business after his sudden passing. Zekelman left college to help save the steel pipe manufacturer. He and his brothers innovated to help transform the firm from a $2 million company with five employees and no profits into a $1.2 billion behemoth by 2006. But, to hear him tell it, he cares more about how his company can help build a lasting community than profit margin.

Afternoon Coffee: Australian Securities Exchange to Run on Blockchain, Thirsty China Propels Aluminum Demand

The Australian Securities Exchange (ASX) announced Thursday it would begin using blockchain to clear and settle trades. Rio Tinto expects Chinese demand to drive aluminum production to 4% annual growth in the coming years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Daimler Launches 3-D Printed Parts Program, Copper Prices Fall to Two-Month Lows

Daimler’s North American Trucks division announced Monday it would start delivering plastic parts produced using a 3-D printer in the coming weeks. Rising inventories caused copper prices to have their worst day in three years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Amazon Goes Live in Australia, Anaplan Raises $60 Million in Series F Round

Amazon launched a version of its site in Australia Tuesday, adding a new player to the retail mix in a competitive market worth hundreds of billions of dollars. Anaplan, a provider that offers an analytics and planning platform for supply chains, announced Tuesday it had raised $60 million in a Series F funding round led by PremjiInvest. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Continuing Coverage of Jaggaer-BravoSolution Merger, CVS-Aetna Deal Upends Healthcare Industry

In case you missed it last week, Jaggaer is acquiring suite provider BravoSolution, a tie up that would make Jaggaer the second largest procurement technology provider by revenue. The title of 2017’s largest acquisition will likely go to CVS, which announced Sunday it would acquire health insurer Aetna for $69 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

The Hidden 80/20 of IT Spend: Where to Mine for Savings

sourcing technology

This Wednesday I'm participating in a webinar titled “The Paradox of IT Spend: How to Influence the Biggest Cost Reduction Opportunity and Claim Savings.” The gist of the event is that there are significant savings in tackling what some may consider “sacred cow” categories within IT spend that are not so sacred at all. But what are the best opportunities, and how much in potential savings is on the line? The answer to the first question is more nuanced, as it centers on targeting budgets (and suppliers) based on the cost of maintaining systems. The answer to the second question, however, is simple: lots.

Afternoon Coffee: Volkswagen to Build Electric Cars in US, Ukrainian Shipping Company to Accept Payments in Bitcoin

Volkwagen announced plans Thursday to build one or two electric vehicles in the US by 2023. Ukrainian shipping company Varamar Ltd. is negotiating a deal with a client that will use bitcoin as payment. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: US Rejects Market Economy Status (MES) for China, OPEC Convenes to Discuss Production Limits

The Trump administration has formally rejected China’s request that it be treated as a market economy by the World Trade Organization. OPEC and non-member oil producing nations are meeting in Vienna this week to discuss extending production cuts. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: DHL Orders 10 Tesla Semis, Rising Oil Prices Starting to Affect Supply Chains

Tesla has landed several big-name pre-orders for its electric semi truck, including a deal for 10 trucks with DHL. With oil prices pushing toward $60 a barrel for the first time since June 2015, supply chains are now bracing for higher costs related to shipping and fuel. Afternoon Coffee brings you the latest in procurement and supply chain news.

Coupa Opens New Middle-Market Front with P2P, T&E Packages on AWS Marketplace

BuyerQuest

Coupa is more aggressively targeting small and medium-sized businesses, using Amazon’s reach and infrastructure to sell its spend management solutions directly online. The San Mateo, California-based provider announced Monday its procure-to-pay (P2P) and expense management (T&E) solutions are now available on AWS Marketplace. Prospective users can now purchase, migrate and begin using Coupa’s spend management solutions directly from Amazon Web Services’ online software store, provided their company fits several criteria.