Afternoon Coffee: Supply Chain Issues Interrupt iPhone 8 Production, Thomson Reuters Launches Incubator for Hot Technologies

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Manufacturer incidents and critical component shortages are causing production issues for the iPhone 8, Supply Chain 24/7 reported Friday. Nitrogen mishandling at one memory chip foundry in Taiwan is said to have caused the Micron-owned plant to scrap about half of its supply of DRAM chips.

Incubator for Hot Tech

Thomson Reuters has launched in Switzerland what it calls Thomson Reuters Labs to host entrepreneurs building products in advanced analytics, blockchain and artificial intelligence, according to blog Artificial Lawyer. The six-to-12-month program will focus on technology in legal tech, fin tech, reg tech and other key sectors such as news tech.

Hensoldt Implements Coupa 

Hensoldt has selected Coupa to manage its procurement processes globally, the company said in a press release. The international armaments company, spun off from Airbus this year, specializes in sensor systems used in optronic devices and radar systems.

"We were looking for an efficient way to digitize and automate transactional processes with our suppliers in both direct and indirect material purchasing, said Gregor Schulz, purchasing manager at Hensoldt. “One of our main goals was to simplify all strategic and operational processes, from the onboarding of suppliers to electronic invoice verification, whilst relieving all stakeholders including our suppliers.”

Jobs Report 

And finally, an economic update: The June jobs report exceeded economists’ expectations, with 222,000 jobs added compared with the 175,000 projected, the New York Times reported. Wage growth, however, remained lackluster, continuing a longstanding debate about why mechanisms in the labor market are not working as expected.

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