General News Content

Afternoon Coffee: U.S. Takes on China’s Package Discount, America has Milk Glut

In another move in the chess match with China, the Trump administration is moving ahead with its bid to set its own rates for packages coming into the U.S., The Wall Street Journal reports. The tactic requires that the U.S. withdraw from a 144-year-old international postal body that sets rates. Without the yogurt boom, milk suppliers are left with an overabundance, Bloomberg reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Procurement, C-suite Often Not on Same Page About Hiring and Development, Experts Say

marketing procurement

A frequent topic in procurement is how can CPOs get a seat at the chief executives’ table, but finding that sweet spot with the C-suite can be elusive. Some of the frustration comes from procurement departments and C-suites being misaligned on how to hire the best people, a study shows. And procurement veterans at a recent APICS conference said hiring talented people and developing the current staff can help with that high-level relationship.

Healthcare’s Internet of Medical Things (IoMT) Has Security Challenges, Forum Warns

“Healthcare” and “cybersecurity” don’t seem like they go together, but a security forum this week highlighted how the move to electronic health records and the growing use of connected medical devices — the Internet of Medical Things (IoMT) — makes hospitals and patients vulnerable. After attending the forum, it’s clear that hospitals know they’re targets, but they may not understand the scope of the danger. The Healthcare Information and Management Systems Society (HIMSS) held its security forum in Boston this week, and it attracted a diverse audience. IT, finance and supply chain executives mingled with network security professionals. So hospitals are viewing security in a cross-functional way, and that’s a positive development.

Afternoon Coffee: Sears Seeks Supply Chain Fixes, New NAFTA Vote Awaits New Year

With Sears filing for Chapter 11 bankruptcy Monday and its suppliers seeking payments, the department store giant has plans to shore up its supply chain, The Wall Street Journal reported. And Republican Sen. Mitch McConnell, the Senate majority leader, said Tuesday that a vote to replace NAFTA won’t be held until next year, after the midterm elections next month, Bloomberg  reported. Afternoon Coffee brings you the latest news about procurement and supply chains.

Afternoon Coffee: Sears Files for Chapter 11 Bankruptcy, Large Defense Suppliers Merge

Sears filed for Chapter 11 bankruptcy protection from creditors Monday, keeping many of its stores open while it restructures, The Wall Street Journal reports. And CEO Eddie Lampert has stepped down. Defense contractors L3 and Harris announced a merger over the weekend, the Washington Business Journal reports. If the deal passes muster, the new company would create the sixth-largest aerospace and defense prime contractor, the Journal reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Tariffs Fuel China’s Record Trade Surplus with U.S., Analysts Question Sears’ Moves

China shows a record trade surplus with the U.S. for September, and companies’ efforts to get their supplies before U.S. tariffs hit may be fueling the trade gap, Bloomberg reports. As Sears grapples with mounting debt and possibly filing for bankruptcy within days, analysts say the department store giant of yore didn’t do enough to succeed today, Adweek reports. Afternoon Coffee brings you the latest news about procurement and supply chains.

Commodities Roundup: Mining in Goa, Aluminum Price Volatile, and Copper’s Recovery

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For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts about particular commodity markets. From price movements to policy decisions, we scour the landscape for what matters this week.

Afternoon Coffee: Sears in Fight for Its Life, Postal Service Seeks Rate Hike

Sears appears to be on the brink of bankruptcy, and the troubled retailer is facing pressure from lenders to liquidate, The Wall Street Journal says. And the U.S. Postal Service has requested a rate increase for letters, postcards and parcels. If approved, the increase could start in late January. Afternoon Coffee brings you the latest in procurement and supply chain news.

APICS Becoming ASCM: CEO Abe Eshkenazi Details the New Direction

marketing procurement

APICS announced recently it was launching a new supply chain organization that would push the industry association out of its niche for talent development and into corporate transformation strategy. Called the Association for Supply Chain Management (ASCM), the new organization seeks to create a fully encompassing group for all professionals who touch the supply chain. More than a rebrand, the creation of ASCM signals a shift in strategy at APICS as well as within the businesses of the customers that the association serves, APICS CEO Abe Eshkenazi told Spend Matters in a recent interview at the APICS 2018 conference in Chicago.

Afternoon Coffee: Hurricane Michael Rips at Florida, Coupa Releases New BSM Product Updates

Hurricane Michael is lashing the Florida Panhandle with tropical storm winds before the dangerous Category 4 hurricane makes landfall Wednesday afternoon, the Washington Post reported. Coupa Software said this week it has launched the latest updates to its Coupa BSM Platform, focusing on supplier risk management and compliance, efficiency, and ease of use in the business spend management area. Afternoon Coffee brings you the latest news in procurement and supply chain news.

Afternoon Coffee: Direct-to-Consumer Businesses Disrupting Supply Chains, Maersk Buys into Loadsmart

category management

Technology is a big disruptor, but so is the long-standing effort to cut out the middleman. The direct-to-consumer trend is shifting the supply chain in key ways and for an array of businesses — like direct-from-wineries, Supply Chain Dive reports. Shipping giant Maersk is investing in the startup Loadsmart, a freight-booking service for the trucking industry, The Wall Street Journal reported. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: IBM’s Food Supply Blockchain Opens for Business, Hurricane Michael to Hit Florida This Week

IBM announced Monday that its food supply blockchain is ready for businesses to join and help track products from the source to the retailer. The company has been testing the blockchain for 18 months and now plans to increase its use, a press release said. Hurricane Michael has formed in the Gulf of Mexico and is headed toward the Florida Panhandle. It could make landfall Wednesday afternoon. Florida's governor has issued a state of emergency for many counties. Afternoon Coffee brings you the latest in procurement and supply chain news.