Being a Wal-Mart supplier just got even tougher. The latest developments from the retailing behemoth include tightening shipping windows to two days from four. APICS announced Monday it has reconfigured its Certified in Production and Inventory Management (CPIM) program to better suit the needs of practitioners. Afternoon Coffee brings you the latest procurement and supply chain news.more ▸
A strike by plant workers in South Korea Monday crippled production for Hyundai Motor Co., temporarily halting supply of some of the company’s best-selling vehicles in the U.S. The World Trade Organization (WTO) cut its 2016 forecast for global trade Tuesday by more than a third. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
Spend Matters welcomes this guest post from Jara Zicha, market analyst at Mintec.
Prices for lentils have fallen sharply in Canada since May this year. So, what is behind the latest price decline and will recent weather setbacks put an end to this downward trend?
A former Royal Canadian Mint employee was accused of stealing $140,000 worth of gold ($180,000 in Canadian dollars) from the mint where he worked as a refinery tester. Butt you won't believe how he did it. Trade organizations in the U.S. and India pressured their governments to use anti-dumping tools to combat cheap imports of aluminum. The Week in Metals brings you the latest in procurement and supply chain news from MetalMiner.more ▸
Our sister site MetalMiner announced today the launch of months-long project examining China’s rise to power in global trade and its attempts to gain market economy status (MES) from the World Trade Organization (WTO) members. And in related global trade news, the WTO sided with the U.S. and Boeing this morning in a trade dispute surrounding subsidies from E.U. member countries to Airbus. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
Prices for most plastics will continue rising during the fourth quarter, thanks to surging raw material costs, capacity issues and a rebound in crude oil. Observers are mixed on the current market state. In late August, Plastic News’ Bill Wood asserted domestic plastic production was actually down most of 2016 and will likely end the year flat.more ▸
Amazon is targeting Grainger's supremacy in the industrial supply market, court transcripts indicate. Tipalti announced recently a $14 million funding round led by SGVC, which it plans to use the new round of funding “to aggressively accelerate the company’s growth.” Afternoon Coffee brings you the latest procurement and supply chain news.more ▸
Anne Rung, administrator of the Office of Management and Budget’s Office of Federal Procurement Policy, is leaving the public sector to head the government division of Amazon Business, several sources report. The hire is a boon to Amazon, which gains an experienced government insider who can help connect the Seattle-based company with huge market opportunities in state and federal e-procurement applications. So what exactly makes Rung a good fit?more ▸
JetBlue has agreed to buy more than 330 million gallons of renewable fuel over 10 years, anticipating future restrictions on airliners’ greenhouse gas pollution. Tesla is in the news yet again for an ongoing dispute with the (former) supplier of its machine vision sensor system, Mobileye. Afternoon Coffee brings you the latest procurement and supply chain news.more ▸
This week in metals, the Aluminum Extruders Council joined Century Aluminum, Brazeway, and the United Steelworkers in the China Trade Task Force’s (CTTF) call for action to remedy problems caused by excess Chinese capacity. The U.S. International Trade upheld most of the recent anti-dumping and anti-subsidy duties on hot-rolled flat steel imports from several countries. The Week in Metals brings you the latest procurement and supply chain news from MetalMiner.more ▸
Afternoon Coffee: Chicago Proposes ‘Sweeping New Powers’ for its CPO, Vroozi Introduces Free Trial for Mobile Procurement Platform
Chicago Mayor Rahm Emanuel introduced a series of ordinances at the City Council meeting Wednesday that would grant sweeping new powers to Chief Procurement Officer Jamie Rhee. P2P provider Vroozi is releasing a free trial that will allow procurement users to use its mobile platform for 30 days. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
THOMASNET.com and the Institute for Supply Management kicked off their third annual “30 Under 30 Rising Supply Chain Stars” Recognition Program Tuesday, bringing recognition to the newest crop of millennials making a name for themselves in supply chain and procurement careers. OPEC raised its forecast of oil supplies from non-member countries in 2017. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸