Afternoon Coffee: Starbucks Hires New Global Supply Chain Leader, Los Angeles Port Reports Busy May

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Starbucks announced it hired Hans Melotte to serve as the new executive vice president of its global supply chain. Melotte was previously the chief procurement officer for Johnson & Johnson.

The Port of Los Angeles reported it busiest May on record and imported 15% more cargo containers than May 2015 when the port was recovering from a major labor strike. L.A. Port Director Gene Seroka said he was encouraged by the uptick in cargo throughput.

The U.S. Food and Drug Administration has warned Whole Foods to correct numerous food safety violations agency inspectors witnessed at a plant outside Boston, including employees failing to wash their hands and seeing an ammonium-based sanitizing spray contaminate a ready-to-eat salad. The FDA sent Whole Foods a letter earlier this month detailing the violations and consequences of not remedying them.

A new survey shows CEOs plan to increase capital expenditures in 2016 thanks to more optimistic economic outlooks. Business Roundtable’s second-quarter CEO Economic Outlook Survey showed 37% of CEOs will increase capital spending. In the first quarter, only 18% planed to increase spending.


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