Afternoon Coffee: Drug Dealers and Walgreens, Honeywell Goes Offshore, Cellphone Spend

Did you miss our webinar "Getting to Grips with Contract Management - Managing Contract Visibility, Risk and Opportunity as a CPO" yesterday? Have no fear, the recording is here.

Supply chain pain.
How Drug Dealers Might Have Targeted Walgreens Supply Chain -- Walgreens CIO Tim Theriault says the illegal diversion of a large quantity of painkillers from a company distribution center in Florida was not the result of a technology breakdown or glitch. But one expert pointed toward a vulnerability in the supply chain management system and technology, which may have created an opportunity to divert oxycodone to the black market, triggering a federal investigation.

"...subsea natural gas fields."
Honeywell Sends Natural Gas Supply Chain Offshore -- The complex process of processing natural gas for ocean-bound transport may soon ship out to sea itself. UOP, the Des Plaines, IL-based subsidiary of the manufacturing conglomerate Honeywell International, inked a deal to develop next-generation natural gas processing capabilities with Malaysia's national oil and gas company, Petronas.

"Labor Department data released Tuesday show spending on phone services rose more than 4% last year, the fastest rate since 2005."
Cellphones Are Eating the Family Budget -- More than half of all U.S. cellphone owners carry a device like the iPhone, a shift that has unsettled household budgets across the country. Government data show people have spent more on phone bills over the past four years, even as they have dialed back on dining out, clothes and entertainment--cutbacks that have been keenly felt in the restaurant, apparel and film industries.

This is mindblowing.
Hubble captures extraordinary view of Universe -- The Hubble Space Telescope (HST) has produced one of its most extraordinary views of the Universe to date. Called the eXtreme Deep Field, the picture captures a mass of galaxies stretching back almost to the time when the first stars began to shine. But this was no simple point and snap - some of the objects in this image are too distant and too faint for that. Rather, this view required Hubble to stare at a tiny patch of sky for more than 500 hours to detect all the light. "It's a really spectacular image," said Dr Michele Trenti, a science team member from the University of Cambridge, UK.

- Sheena Moore

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