Afternoon Coffee: MBO Partners Receives Major Growth Investment, Hospitals Hobbled by Sodium Bicarbonate Shortage

MBO Partners announced Wednesday it received a major growth investment form Primus Capital. As Andrew Karpie, research director for services and labor procurement at Spend Matters, writes, the funding will be used to advance “the company’s ability to deliver innovative solutions to the independent workforce and the enterprises that engage these services.”

Baking Soda Shortage

The only two suppliers of sodium bicarbonate solution in the country have run out of the drug, sending hospitals on a frantic search to secure stockpiles, the New York Times reports. The two suppliers, Pfizer and Amphastar, have said they “don’t know precisely when the problem will be fixed,” but it will not be before June for some forms of the drug.

Eurozone Jobs

The eurozone economy exhibited continued signs of strengths, adding jobs at the fastest pace in 20 years, according to the Wall Street Journal. The IHS Purchasing Manager’s Index for the eurozone also registered at 56.8 in May (a reading above 50 indicates growth.

Going Digital

And finally, an update from the “future of the supply chain”: check out this (buzzword filled) video from Deloitte showing how technology and supply management are intersecting in new ways.

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