Afternoon Coffee: Bangladesh Alliance Suspends 9 Factories for Poor Safety Standards, Tungsten Partners to Finance SMBs


The Alliance for Bangladesh Worker Safety has suspended operations at nine garment factories for failing to meet its standards, just-style reports. That brings the total number of factories deemed too unsafe to operate up to 146. Ten affiliated factories did pass muster, bringing the total number of factories that have successfully completed corrective action plans (CAPs) to 76.

Tungsten Partners with BlueVine

Tungsten Network announced Monday it has formed a partnership with BlueVine, a provider of online working capital financing, to offer more readily available funding for small and medium-sized businesses, according to a press release. By providing access to BlueVine’s business line of credit solution, Flex Credit, Tungsten customers will have fast access to up to $100,000 in working capital.

Lonza to Work with Jaggaer for Sourcing

Pharmaceutical and biotech supplier Lonza announced last week it has selected Jaggaer to automate and streamline its approach to sourcing, according to a press release.

“As one of the world’s leading and most trusted life sciences companies, Lonza is a perfect partner for Jaggaer,” said Robert Bonavito, CEO, JAGGAER. “We have served the life sciences community for many years. Our commitment to these customers and understanding of their needs is built into every solution we offer. It’s part of our DNA.”

Copper Prices

And finally, a commodities update: Copper prices have fallen to a five-month low amid rising inventories, the Australian Financial Review reports.

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