Afternoon Coffee: Use of Supply Chain Fraud Analytics on the Rise, Lyft Expands to Toronto

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The use of analytics to mitigate third-party supply chain fraud, waste and abuse risk has jumped to 35% in 2017 from 25.2% in 2014, according to a Deloitte poll. As Supply Chain Management Review reports, more businesses are trying to stamp out fraud in their supply chains than ever before, but the increased vigilance has not necessarily led to a reduction in attempted fraud.

Lyft Goes International

Ride-hailing provider Lyft announced Monday it would begin operating in Toronto this year, its first international location, the New York Time reports. Lyft is slowly trying to make headway against larger competitor Uber, announcing it will explore an initial public offering in 2018 and that could even be looking to cooperate with London’s transport regulator to supplant Uber there.

German GDP

The German economy is on track for its best year since 2011, Bloomberg reports, with recent GDP numbers beating estimates. GDP growth in the third quarter hit 0.8%, driven by exports and capital investment, with a positive contribution from net trade, as well.

Pound News

And finally, a Brexit update: Sterling fell as much as 1% against the dollar Monday, the Wall Street Journal reports, as investors began to worry about the tumultuous state of British politics.