Afternoon Coffee: Tradeshift Joins Hyperledger Board, Financial Crises Now a Fixture of Modern Life

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Tradeshift has joined Hyperledger, an open source collaborative effort hosted by the Linux Foundation to advance cross-industry blockchain technologies, as part of its governing board, according to a press release. Tradeshift will both participate in and create open source technology projects that aim to drive greater innovation in supply chain and commerce.

“We’re thrilled to represent an industry that is continuously transforming due to technologies such as distributed ledger technology,” said Gert Sylvest, Tradeshift CTO and co-founder, who has joined Hyperledger’s governing board. “As leaders, we look forward to contributing to an effort that matches our own values surrounding community, collaboration, interoperability, and openness.”

To learn more about the increasing importance of blockchain to procurement, be sure to check out our overview and use case guide on the technology.

Financial Crises

Financial crises are now a fixture of modern life rather than a black swan event, according to research by Deutsche Bank. What’s more, rising budget deficits, higher debts, global imbalances and more unstable markets are all creating conditions that will bring the next one right around the corner.

To learn more about the conditions underlying this new reality, be sure to check out our recent article on the looming corporate debt crisis and what procurement can do to prepare.

Defense Buyers

Pressure from government buyers for lower prices has increased competition among defense companies, with a push to streamline operations one of the main consequences. As the Wall Street Journal reports, British weapons maker BAE Systems is set to cut 2,000 jobs, mainly in operations, a move reflected by competitors such as Lockheed Martin and Boeing.

UPS Starts Negotiations

And finally, a logistics update: UPS said it has started negotiations with the International Brotherhood of Teamsters on new collective bargaining agreements that will cover 250,000 workers, the Atlanta Journal-Constitution reports. One of the main concerns at the table will be healthcare costs.

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