Tagged Content: General News

Zipcar Acquires Local Motion, Continuing Business Ground Transportation Services Transformation

- August 31, 2015 8:20 AM | Categories: Logistics, M&A, Services and Indirect Spend, Travel

zipcar Zipcar, the platform-based shared car rental company acquired by Avis for $500 million in 2013, announced earlier this month its acquisition of platform-based fleet management company Local Motion, for an undisclosed sum. The acquisition is yet another development signaling significant transformation in the business ground transportation segment. Category managers should certainly be taking careful note, as the whole supplier landscape – and with it the whole long-standing procurement model – shifts radically.

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Spend Matters 50/50: CIPS – A Provider to Know in 2015

- August 28, 2015 3:00 PM | Categories: Featured, Solution Providers

CIPS is one of our 50 Providers to Know. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs.

The Chartered Institute of Procurement and Supply (CIPS) is the world’s largest procurement professional institute, certainly as measured by number of individual members or revenues. Over the last few years, it has powered ahead of the Institute for Supply Management (ISM) on those terms, mainly through a focused commercial approach and growth in the emerging markets.

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Afternoon Coffee: Chinese Manufacturing Workers Strike, US Coast Guard Monitors Cargo Coming From Tianjin, China

- August 28, 2015 12:13 PM | Categories: Afternoon Coffee

coffee and computer Possible supply chain risk: Chinese workers in the manufacturing industry are increasingly protesting as factories relocate or go out of business. And, the US Coast Guard is monitoring vessels coming from Tianjin, China, bound for US ports to ensure the cargo does not contain hazardous materials or chemicals from the recent explosions in China. Afternoon Coffee brings you the latest in procurement and supply chain news.

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NLRB Drops a Worker Classification and Contingent Workforce Bombshell – What You Can Do About Co-Employment Risk

contingent workforce In a potentially landmark decision for the contingent workforce, “multi-tier” suppliers and their contractors, the National Labor Relations Board ruled Thursday that businesses share equal responsibility for their contingent workforce supplier’s labor violations. By setting a legal precedent, the NLRB ruling may undermine the common practice of businesses relying on suppliers to shield themselves from co-employment risk. From a procurement standpoint, the ruling could significantly impact the established contingent workforce supply chain, potentially leading businesses to re-evaluate their use of supplier-provided contingent workforce.

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Spend Matters 50/50: Browz – A Provider to Watch in 2015

- August 27, 2015 4:00 PM | Categories: Featured, Solution Providers

Browz is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs.

Salt Lake City-based Browz addresses corporate supplier management needs, particularly in the contractor qualification and policy compliance areas. The solution is well worth looking at for any company needing contractor onsite readiness and workforce compliance assessments.

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Spend Matters 50/50: Vroozi – A Provider to Watch in 2015

- August 27, 2015 3:04 PM | Categories: Featured, Solution Providers

Vroozi is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs.

Vroozi is an e-procurement provider making a growing name for itself among a small community of purchase-to-pay (P2P) process owners that value features such as mobile-first buying.

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Afternoon Coffee: Port of New York and New Jersey Sees Record Traffic in July, Cargo Thefts Increase in Second Quarter

- August 27, 2015 12:16 PM | Categories: Afternoon Coffee

Pouring A Cup Of Coffee For A Dose Of Caffeine Container volume at the Port of New York and New Jersey was up 14.1% during July from a year earlier. Cargo thefts were up 8% during the second quarter of 2015, and the value of stolen products increased 70% from the same time last year to more than $19.5 million. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Afternoon Coffee: Consumer Confidence Jumps in August, Durable Orders Rise in July

- August 26, 2015 12:14 PM | Categories: Afternoon Coffee

man-coffee-cup-pen-large US consumer confidence rose 10.5 points in August, hitting its highest level in 7 months. And, orders for durable goods in the US increased 2% in July, mainly boosted by orders for new cars and trucks and military hardware. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Afternoon Coffee: US Services Sector Sluggish, Freight Volumes Take a Hit Due to ‘De-Stocking’ Trend

- August 25, 2015 12:22 PM | Categories: Afternoon Coffee

coffee Growth in the US services sector slowed during August, according to Markit’s latest “flash” reading of its Purchasing Managers Index. And, freight volumes on highways and railways are falling in the US as companies engage in “destocking” to cut down on inventories of products. Afternoon Coffee brings you the latest in procurement and supply chain news.

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Spend Matters 50/50: GT Nexus – A Provider to Watch in 2015

- August 24, 2015 3:00 PM | Categories: Featured, Solution Providers

GT Nexus is one of our 50 Providers to Watch. We will be highlighting 100 companies (50 to Know, 50 to Watch) from our 2015 Spend Matters Almanac over the span of 100 days. Practitioners are encouraged to browse the categories listed in our Almanac to find the provider that best fits their needs.

GT Nexus is a Spend Matters Provider to Watch that provides a cloud-based network and supporting platform of supply chain solutions and services that allow retailers, manufacturers, logistics providers and trade financing entities to connect and collaborate.

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Orange Juice Prices Rise 14% Since June

- August 24, 2015 2:30 PM | Categories: Commodities, Guest Post, Price Forecast

Spend Matters welcomes this guest article by Jara Zicha of Mintec.

It is usually my weekend routine to enjoy a glass of freshly squeezed orange juice with my breakfast. As I revel in the orange juiciness, I always think how deliciously refreshing and sweet with that hint of bitterness the juice is. Of course, I never find myself thinking of supply/demand scenarios or how a drought in Florida could affect the price of my morning drink! Then again, if I were to buy orange juice in bulk, I would have noticed some interesting price developments over the past year or so. Between June 2014 and July 2015, prices for frozen concentrated orange juice on the ICE fell by 30%, to $1.19 per pound, followed by prices climbing 11% between July and August. Although currently 4% below the 10-year average at $1.32 per pound, the price could continue rising.

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Afternoon Coffee: Oil Prices Hit New Lows, But Gasoline Remains Pricey for Many in the US

- August 24, 2015 12:21 PM | Categories: Afternoon Coffee

coffee mug Crude oil prices fell below $39 a barrel today – the lowest level since 2009. Yet while oil prices may be tumbling, gasoline costs for consumers remains high in certain parts of the country due to refinery maintenance. In California, for instance, some gas stations are selling gasoline for nearly $5 a gallon. Afternoon Coffee brings you the latest in procurement and supply chain news.

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