Afternoon Coffee: Report Reveals Amazon’s Plans for Global Delivery Network, IEA Warns of Lower Oil Prices
Amazon reportedly has plans to launch a new venture called the “Global Supply Chain by Amazon,” developing a global delivery network. A Bloomberg investigation of internal Amazon documents shows plans for the broad plan that would expand its Fulfillment By Amazon service. And, the International Energy Agency is warning of even lower oil prices in 2016. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
PwC announced Wednesday the official launch of what it calls PwC Talent Exchange, an online work intermediation platform (WIP) that directly connects independent professionals with internal PwC projects and project teams. Independent professionals register with the exchange, create online profiles and gain access to project opportunities. Conversely, PwC project teams can have access to a pool of online talent with a broad range of different skills, expertise and professional backgrounds.more ▸
Afternoon Coffee: Chipotle Dedicates $10 Million to Improve Food Safety Standards With Suppliers, Wholesale Inventories Drop Again in December
Chipotle said it is spending up to $10 million to help its suppliers produce safer ingredients. The money will provide education and other help for suppliers to implement Chipotle’s new food safety standards, company co-CEO Steve Ells said. And, U.S. wholesale inventories fell in December by 0.1%. It was the third month of inventory drops as businesses continued to shed unsold merchandise. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
Basware is entering another transformation. Spend Matters has noted before that the Finland-based procurement solutions provider doesn’t “enjoy sitting still.” That’s proven true again with the company’s latest announcements to redefine its business strategy for the next two years to focus on expanding its procure-to-pay (P2P) and e-invoicing solutions and its new financing services as well as increase overall revenue growth.more ▸
Spend Matters welcomes this guest post from Liliana Minton, of Mintec.
In April last year we wrote about how peanut prices had fallen 15% to reach the lowest level over a four year period. Since then, prices reached a five year low in November 2015. Peanuts continue to be the most widely consumed snack in the U.S., representing over two-thirds of the snack nuts market.
Afternoon Coffee: Ford Increases Mexico Production, Volkswagen to Offer ‘Generous’ Compensation to US Diesel Car Owners
Ford is ramping up car production in Mexico. The automaker is building a new assembly plant in the country and plans to add 500,000 units to its annual production there, more than doubling its 2015 capacity. And, Volkswagen will reportedly offer “generous” compensation packages to about 600,000 U.S. owners of VW’s diesel vehicles with faulty emissions systems. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
Nancy Kallusch has more than 15 years of procurement experience. She also has a law degree. How she went from legal to procurement has been an “evolutionary” experience, perhaps even unexpected. Yet she feels her career has also developed organically and landed her in a position that, similar to legal practice, involves working with clients and engaging with people. However, unlike her personal experience in law, she feels her role in procurement allows her to have a greater impact on the business.more ▸
I decided to have some fun this week and change my Skype handle to “Make Procurement Great Again.” It has generated far more of a response than I could have imagined, and, yes, I admit to having a twisted sense of political humor. But "The Donald" may have a point. We do need to make procurement great again, and like Trump, we need to inspire the voting masses who would otherwise not get involved in politics, those with their own set of issues that they believe go unheard by mainstream leaders.
The U.S. trade deficit increased $1.1 billion in December to $43.4 billion, the Commerce Department reported today. Exports in December were down by $0.5 billion compared to November, while imports rose $0.6 billion during the month. And, the U.S. unemployment rate was down slightly to 4.9% in January, compared to 5% in December. It was a modest improvement, but it is the first time the unemployment rate reached below 5% since early 2008. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
State procurement leaders say process reform and re-engineering will be their top priority of 2016, according to the National Association of State Procurement Officials. NASPO is a public procurement-focused nonprofit organization and recently released its list of the top 10 priorities state public procurement leaders say they will focus on in the new year. Check out the full top 10 list of top priorities.more ▸
Twelve nations signed the Trans-Pacific Partnership on today, including the U.S., Japan, Canada and Mexico. The U.S. still needs to ratify the TPP, but it’s not clear when a final vote will occur. And, orders for U.S. factory goods fell 2.9% in December, the Commerce Department reported today. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸
A few months after opening its first physical bookstore in Seattle, Amazon may open another 300 to 400 more brick-and-mortar bookstores. News of the possible expansion came from Sandeep Mathrani, chief executive of the mall operator General Growth Properties. And, growth in the U.S. services sector is slowing: Markit’s purchasing manager’s index hit 53.2, the lowest in more than two years and ISM’s non-manufacturing index fell to 53.5, the lowest since March 2014. Afternoon Coffee brings you the latest in procurement and supply chain news.more ▸