General News Content

As colleges restart, so too does ASCM’s supply chain competition for students

The 2020 ASCM Case Competition, previously called the APICS Case Competition, is an event that allows student teams to use their knowledge of supply chains to solve real-world business problems. It is hosted by the Association of Supply Chain Management, which evolved from APICS, and Deloitte, the consulting firm that helps companies combine supply chain initiatives with business strategies. Registration opened Aug. 1. Find out the next steps for your team.

Afternoon Coffee: FedEx cuts more ties to Amazon; Domino’s binges before Brexit; farmers wary of U.S.-China tariffs

FedEx will not renew its ground contract with Amazon, the delivery giant's latest move away from the online retailer that is building out its own logistics capabilities. In the UK, the American pizza chain Domino's is stockpiling ingredients in case Brexit gets messy for supply chains. And in the Midwest, farmers discuss the fallout of the U.S.-China tariff war. Afternoon Coffee: News brewed for procurement and supply chain professionals.

IBM, Anheuser-Busch InBev, others launch blockchain network; Pentagon sees China-made drug ingredients as security threat

IBM and other large company participants have launched a blockchain network for improving supply chain management, reports Reuters. Spend Matters today published the third part of the Vendor Snapshot series highlighting Ivalua's procurement technology solution capabilities. And according to Bloomberg, the acting deputy assistant director for health care operations and Tricare for the Defense Health Agency told a U.S.-China advisory panel recently that the national security risks of increased Chinese dominance of the global API market "could not be overstated.” Afternoon Coffee: your source for procurement and supply chain news.

SAP Ariba, Social Enterprise UK update; ASCM launches ethically focused certification; China retaliates on tariffs

China retaliated against President Donald Trump’s tariff threat, allowing the yuan to tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of U.S. agricultural products. SAP Ariba and Social Enterprise UK, an organization dedicated to promoting ethical and sustainable firms, continue to espouse “procurement with purpose.” And the Association of Supply Chain Management announced the launch of the ASCM Enterprise Certification, a "standards guide to benchmark progress and measure the ethical, environmental and economic initiatives of corporate supply chains." Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: China warns of tariff retaliation; $10B military procurement deal under review; Under Armour revamp succeeds; cybersecurity toolkit for supply chains

A day after the Trump administration announced more tariffs on more products imported from China, the Chinese government vowed to retaliate. In Defense Department news, the Defense secretary has ordered a review of the procurement process for a $10 billion cloud project. Read more about Under Armour's tighter supply chain, and learn about a new cybersecurity toolkit. Afternoon Coffee: A jolt of Friday news to finish off the week.

More Trump tariffs to be levied on goods from China — starting Sept. 1

In a tweet Thursday that rattled stocks, the Trump administration announced that, starting Sept. 1, 10% in tariffs will be levied against $300 billion in more goods that are made in China for companies that import them into the United States. The companies pay the tariffs, and the extra expense typically leads to higher prices for U.S. consumers. The Dow had been up about 300 points, but on the news, it fell 200 points.

Afternoon Coffee: Procurement Leaders acquired; Hot developments in Contingent Workforce & Services space

Procurement Leaders CEO Nandini Basuthakur announced on Wednesday via LinkedIn that the organization had been acquired by executive networking firm World 50. Fiverr's launch of Studios, enabling workers to organize "agency-like teams," and other Contingent Workforce & Services news made the CW/S Hot List, released today on Spend Matters. And cheaper prescription drug imports may be on the horizon for the U.S. Afternoon Coffee: importing your procurement and supply chain news.

Procurement Leaders is acquired by World 50

Procurement Leaders — an organization known for its executive conferences, membership and research in the procurement sector — has announced its acquisition by World 50, an executive membership organization. Procurement Leaders CEO Nandini Basuthakur, announced the news Wednesday, saying: “We will continue to offer our unique suite of insights, applications and connections that accelerate global and cross functional transformation to our customers. This will now be further strengthened by the pairing of World 50’s powerful access across the broader C-suite.”

Afternoon Coffee: U.S. to urge Japan, South Korea to end trade spat; Healthcare supply chain inefficiencies cut into profit

Supply chain inefficiencies have been hitting profit margins of U.S. healthcare organizations, according to a SpendEdge study. U.S. Secretary of State Michael Pompeo said he would ask two feuding U.S. allies, Japan and South Korea, to ease the trade tensions between them during meetings with his Japanese and South Korean counterparts. And a vegan burger maker takes on an unlikely partner. Afternoon Coffee: beefing up your procurement and supply chain news.

$8.1 billion Saudi arms sale still on; Aon, Bunker link up; Consumer goods companies wasting money on digital?

A survey by AlixPartners shows that over half of the consumer goods companies surveyed were simply "throwing money" at chasing hot digital sales growth. Aon and Bunker announced a partnership to address the compliance management needs of Aon’s growing base of “digital economy” clients. And the U.S. Senate voted unsuccessfully to override President Trump’s vetoes of resolutions meant to block his administration from bypassing Congress to sell weapons worth $8.1 billion to Saudi Arabia and the United Arab Emirates. Afternoon Coffee: your procurement and supply chain news.

Aon partners with Bunker to enable digital economy companies to manage contractor business insurance

Aon — a leading global professional services firm providing a broad range of risk, retirement, and health solutions — and Bunker, a self-described “instant business insurance and compliance platform for independent workers and enterprises,” announced a partnership to address the compliance management needs of Aon’s growing base of “digital economy” clients. Spend Matters has been following Bunker since its inception in 2017.

According to the announcement, “the partnership provides Aon and their clients access to Bunker’s compliance platform and Live Certificate of Insurance, ensuring an organization’s contractors, independent workers and vendors are compliant with insurance standards in real-time.” Aon clients’ contractors can optionally purchase one of Bunker’s innovative independent worker insurance products.

The following article looks at this unique partnership, based on our own prior research and on conversations with individuals at Aon and Bunker.

Afternoon Coffee: ‘Upskilling’ supply chain with gamification; SpareHire rebrands; Buy American exemption for Canada?

Thanks to an executive order by U.S. President Donald Trump restricting foreign steel components in U.S. federal procurement projects, Canadian exporters will reportedly find it very difficult to get access to those projects. Forbes reports that the City of Los Angeles has joined others such as Orlando, Nashville and Baltimore in including businesses owned by members of the LGBTQ community in the contract process. And artificial intelligence and other developments have changed the nature of the supply chain business, requiring re-skilling. Afternoon Coffee: re-skilling your consumption of procurement and supply chain news.