Afternoon Coffee: RigUp raises $300M in latest funding round; Trump tariff call-off continues supply chain uncertainty

AdobeStock/Nongnuch Leelaphasuk

Online marketplace RigUp, which refers to itself as “the energy industry’s largest marketplace for on-demand services and skilled labor,” has announced a $300 million Series D round led by Andreessen Horowitz (a16z). The Consumer Technology Association (CTA) has called the logic behind President Donald Trump’s trade strategy with China akin to taking “one step forward, two steps back." And women are increasingly joining the truck driving workforce, according to the WSJ. Afternoon Coffee: your source for procurement and supply chain news.

Smaller, mid-size businesses now looking to digital procurement solutions to cut costs, bolster strategy and growth, report says

Business leaders in the supply chain procurement space are continually seeking out ways to streamline procurement methods and cut costs. As the possibility of a looming recession remains on the minds of decision makers, procurement-minded industry members are considering how electronic procurement software — aka digital procurement or eProcurement — can ease these efforts.

Levvel Research recently launched its “2019 Procurement Insight Report,” which evaluates current industry trends and spend management strategies following a market-wide survey conducted in April 2019. The report, sponsored by Coupa, examines the ways in which procurement automation software is being implemented as procurement teams continue to shift.

Business Intelligence to Transform Procurement