General News Content

Afternoon Coffee: Toyota’s Tariff Balancing Act; Ivalua’s $1 Billion Valuation; SAP’s Padgett’s Abrupt Exit

Reuters reports that Toyota Motor Corp had done a balancing act between U.S. and China even before tariffs began the trade war. Spend Matters reported earlier today both that Barry Padgett has left SAP only weeks after being named president of the newly created SAP Intelligent Spend Group (ISG), and that with its latest funding round, Ivalua has reached a $1 billion valuation — officially "unicorn" status. Afternoon Coffee: your source for procurement and supply chain (and unicorn) news.

With $60 million funding round, Ivalua reaches ‘unicorn’ status of $1 billion valuation

Ivalua, likely the fastest growing privately held source-to-pay procurement suite technology provider, announced Tuesday morning that, with its latest funding round, it has gained “unicorn” status for start-ups by reaching $1 billion in valuation.

It raised $60 million from a new investor, Tiger Global Management, and Ardian Growth, one of Ivalua’s early investors that raised its investment level. Tiger Global joins Ivalua’s founders, KKR and Ardian as shareholders, the announcement said.

Read our analysis of SAP Intelligent Spend Group and SAP’s Ariba, Concur, Fieldglass for the last 12 months

Today's news about SAP’s change in leadership at its new division ("Barry Padgett Leaving SAP and new Intelligent Spend Group") had us thinking about Spend Matters’ analysis of the group recently forming and our ongoing coverage of its components: SAP Ariba, SAP Concur and SAP Fieldglass.

Since early 2018, Spend Matters has given PRO and SolutionMap subscribers deep insights into their solutions, including a comparative analysis of SAP Ariba’s S2P offering and a look at SAP Fieldglass’ Digital Network. Subscribers also have gotten head-to-head comparisons of SAP Ariba with competitors like Coupa, Ivalua, Basware, Tradeshift and GEP. (For companies considering SAP’s procurement solutions, Spend Matters’ SolutionMap Technology Selection Services are also available for procurement organizations that want a one-to-one map between their own business requirements and functional performance).

Afternoon Coffee: Freelancer Marketplace Fiverr Is Going Public; Google Cools on Doing Business with Huawei

Fiverr, the Tel Aviv-based online marketplace for digital creative services, has announced that it filed its Form F-1 with the U.S. SEC just days ago. Google had deferred doing business with Huawei in some areas like the transfer of hardware, software and technical services. Seeing the massive jump in tariffs, big investors in Apple's iPhone and its supply chain are evidently bailing. And San Francisco-based Starsky Robotics and the Tampa Hillsborough Expressway Authority recently completed tests with a self-driving truck near Tampa, Florida. Afternoon Coffee: your source for procurement and supply chain news.

U.S. to drop its Section 232 tariffs on metal from Canada and Mexico

aluminum

The U.S. plans to drop its Section 232 tariffs on industrial metals from Canada and Mexico that were instituted as a national security measure, The Washington Post and Politico are reporting Friday. The move clears the way for the new North American trade deal — the USMCA — that was proposed last year but has not been ratified.

Field Nation ONE is launched, Walmart supply chain costs, Hub Group adds real-time ETAs

The workforce management provider Field Nation has released its latest solution to manage full-time workers, freelancers, contractors and vendors, the company said. Field Nation ONE is a single platform meant to help business simplify workforce management. Walmart's investment in its supply chains cuts into profits. And Hub Group is offering real-time ETAs on shipments. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Cisco in “Tariff Winners” Column; Smart Cube Launches Amplifi PRO

Beating analyst estimates, Cisco has reported better than expected quarterly earnings and said minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-China trade dispute. It does not appear, however, that retailer Macy’s will be so lucky. And research and analytics solutions provider The Smart Cube launched Amplifi PRO, “a client-facing digital platform which strengthens its existing solutions, by providing category managers with self-serve access to the key building blocks of procurement intelligence,” according to the release. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Google Develops Supply Chain Tracking Tools; Tipalti Partners with Everflow

At the Copenhagen Fashion Summit in Copenhagen, Google announced it was developing a Google Cloud data analytics and machine learning service that’ll “give brands a more comprehensive view of their supply chain.” Automated payables solutions provider Tipalti has said it had partnered up with Everflow to provide a platform that allows seamless global publisher relationship management and improved risk management. And General Dynamics Land Systems scored a contract from the Royal Thai Army. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: U.S. Electric Vehicle Supply Chain’s Hurdles; Fraxion’s Spend Management Solution Launch

Industry analysts say the United States has an uphill climb as it goes about creating its own electric vehicle supply chain. Fraxion, a cloud-based procure-to-pay solution for business spend management, will launch today in North America. SaaS solution provider SourceDay announced it had added two seasoned executives to its leadership team. And Northern Kentucky University, in partnership with the Tri-State Logistics Council launched the Supply Chain and Logistics Hub. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: U.S.-China Tariffs’ Effect on Both Sides; E2open to Acquire Amber Road

China has responded to the latest increase U.S. tariff increase on its goods with a retaliatory 25% tariff of its own, to hit more than 2,000 U.S. export products. E2open, a cloud-based provider of networked supply chain solutions, and Amber Road, which boasts a cloud-based global trade management platform, announced an acquisition agreement today. And as Amazon starts up the packing machines, GE Aviation begins using blockchain in its aviation supply chain. Afternoon Coffee: get your procurement and supply chain news here.

Afternoon Coffee: Kraft Heinz ‘Bad Procurement’ Saga Continues; Supply Chain Salaries Grew in 2018

The Supply Chain Salary and Career Survey Report has found that salaries of supply chain professionals registered an average jump of 4.2% in 2018, up from 2017 (a 3% rise). A 200-year-old agricultural commodities trader has undertaken a second round of overhauling its global operations. And reportedly Kraft Heinz's "bonus structure incentivized procurement and operations teams to show the highest possible cost savings." Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: KPMG, Spend Matters on Self-Service in Procurement; U.S.-China Trade; Walmart Has 1st Sustainability Report

China has requested the United States to meet it halfway to salvage a deal that could end their trade war. Walmart released its first ever Environmental, Social & Governance Report. And experts from KPMG and Spend Matters team up to host a webcast warning us all that "Extreme self-service in procurement is coming!" Afternoon Coffee: warning you that you'd better catch up on the latest procurement and supply chain news right here.