Tagged Content: General News

Afternoon Coffee: Renault SA Considers Higher Prices on Car Imports to Britain, Wal-Mart Competes with Amazon 2-Day Shipping

- June 30, 2016 12:21 PM | Categories: Afternoon Coffee

Subbotina Anna/ Adobe Stock French carmaker Renault SA may raise prices on cars it exports to Britain as a result of the Brexit vote and the falling pound. The British pound has fallen more than 10% to the dollar, causing companies impacted by fluctuations in Britain's currency to make new plans for business. And, Wal-Mart is offering a 30-day trial of its two-day shipping service, ShippingPass. Afternoon Coffee brings you the latest in procurement and supply chain news.

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More Business Travelers Turn to Uber, Lyft Than Ever Before

- June 29, 2016 8:12 AM | Categories: Industry News, Technology, Travel

sharing economy Ride sharing services like Uber and Lyft continue to gain popularity among corporate business travelers, according to recent research. The latest SpendSmart report from travel and expense management software provider Certify showed Uber and Lyft rides accounted for 46% of total ground transportation among business travelers in the first quarter of 2016. That’s up 4% from the fourth quarter of 2015.

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Afternoon Coffee: US GDP Rises in Q1, Trade Gap Expands in May

- June 28, 2016 12:02 PM | Categories: Afternoon Coffee

karandaev/ Adobe Stock U.S. gross domestic product increased 1.1% during the first quarter of 2016, thanks to a rise in personal consumption expenditures, residential fixed income, state and local government spending and exports, according to the latest data from the Bureau of Economic Analysis. Though the GDP growth is higher than the 0.8% previously estimated, it is down from 2015 Q4 GDP growth of 1.4%. And, the Commerce Department also reported this week the U.S. trade gap grew in May by a seasonally adjusted $60.59 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Manufacturing Buyers Look to Expand Supply Base in 2016

manufacturing A majority of manufacturing sourcing professionals expect to increase or maintain their supply base this year, with buyers looking to source goods from new areas around the world. Nearly 40% of manufacturing buyers surveyed for the latest MFGWatch 2016 report expect to grow their supply base in 2016. Thirty-seven percent said they will maintain their current supply base. The MFGWatch report, which identifies trends and issues in the U.S. manufacturing industry, showed manufacturers are generally optimistic about the year ahead and expect their firms to grow in 2016.

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Rice, Made in the USA

- June 27, 2016 2:30 PM | Categories: Commodities, Guest Post, Price Forecast

Spend Matters welcomes this guest post from David Galbicsek, of Mintec.

The price premium of U.S. rice has been hurting exports in recent years. Abundant global stocks and smaller domestic supplies caused by adverse weather have both played against the U.S.

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The Outlook for Metal Prices and British Steel Following Brexit

steel After a weekend of political turmoil in both the U.K. and for European Union leaders, focus shifted Monday back to the economy and business impact of the Brexit vote. As procurement and supply chain professionals start to assess their situations and consider the short- and long-term consequences of the decision, our sister site MetalMiner has released its preliminary analysis on where metal prices could head, what the future of British steel looks like and how the backlash against immigration could affect construction and metals production.

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Afternoon Coffee: US Services Sector Subdued in June, Panama Canal Expansion Open

- June 27, 2016 12:07 PM | Categories: Afternoon Coffee

magdal3na/ Adobe Stock Growth in the U.S. services sector remained unchanged from May, according to Markit’s Flash U.S. Services Purchasing Managers’ Business Activity Index, which came in just above 50. The subdued growth in June brought the average index reading for the second quarter of the year to 51.8, just slightly higher than the first quarter’s reading. And, the expanded Panama Canal opened Sunday, June 26. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Brexit Roundup: 6 Implications for Procurement

Brexit The U.K.’s decision to leave the E.U. roiled markets Friday, pummeling the pound and sending commodities linked to economic growth into a slump. As the dust clears and businesses start to consider the long, uncertain road ahead, Spend Matters has gathered its live coverage from contributors in England to explain the top six implications for procurement and supply chain organizations. Stay tuned throughout the week for expert analysis on the impact to direct materials purchasing, sourcing and supplier management considerations and much more.

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What Have We Done: A Letter from England

Brexit Greetings from a slightly stunned U.K., which Friday morning felt like a guest waking up with one shoe missing, a hangover and a vague sense that something bad happened at the party last night. Something very bad. Procurement folk will be scrambling already to work out what exactly the U.K. voting to leave the E.U. means, and the whole Spend Matters team will have more analysis to come.

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Afternoon Coffee: U.S. Manufacturing Production Hits 3-Month High, ‘Brexit’ Vote Today

- June 23, 2016 12:02 PM | Categories: Afternoon Coffee

fabiomax/Adobe Stock The Flash U.S. Manufacturing Purchasing Managers’ Index from Markit came in at 51.4 for June, the highest level in three months for production growth in the manufacturing sector. Higher output levels and a rise in new orders and employment contributed to the growth. And, Britain votes today on whether or not to leave the European Union, a decision that could impact supply chains around the globe. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Lystable Announces $11M Series A Round To Fund US Expansion

FusionOps funding Lystable, a provider of a technology solutions that allows enterprises to manage their independent workforce and services suppliers, has secured an $11 million investment in a round led by Peter Thiel's Valar Ventures, Goldcrest Capital and Spring Partners. The funds will be used to accelerate market entry and expansion in the U.S. and ongoing execution of the company’s business and product strategy.

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Afternoon Coffee: FAA Releases Commercial Drone Regulations, Tesla Offers to Acquire SolarCity

- June 22, 2016 12:02 PM | Categories: Afternoon Coffee

tdelpiano/Adobe Stock The Federal Aviation Administration released rules for the use of commercial drones. The rules take effect in late August and provide safety regulations that are aimed at minimizing the risks drones pose for other aircraft and people on the ground, while still promoting innovation and job growth. And, Tesla announced it has offered to acquire solar energy company SolarCity, which Tesla estimates is worth about $2.6 billion to $2.8 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

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