Oracle is buying cloud software company NetSuite for $9.3 billion. Oracle Chair Larry Ellison already has a 40% stake in NetSuite’s shares, giving Oracle a leg up against any possible rival bidders of NetSuite. The deal is expected to close this year. And, DHL will invest $137 million to build eight e-commerce distribution centers around the U.S, adding to the 20 distribution centers the German shipping company has around the nation. Afternoon Coffee brings you the latest in procurement and supply chain news.
Spend Matters welcomes this guest post from Karolina Tomczyk, senior economist at pricing and purchasing, IHS Markit.
The buying environment for paper will return to balance in the second half of 2016. Sellers have likely already implemented most price increases across several grades, taking advantage of recent changes in supply flows. These price increases were only a partial implementation of their intended hikes, as buyers did not perceive the market as tight enough and resisted significant increases. Moreover, considering the ongoing decline in demand for graphic papers, it is unlikely that these price increases will hold — IHS Markit expects downward price pressure to return in the second half of 2016.
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