Afternoon Coffee: DHL Orders 10 Tesla Semis, Rising Oil Prices Starting to Affect Supply Chains


Tesla has landed several big-name pre-orders for its electric semi truck, including a deal for 10 trucks with DHL, Supply Chain 24/7 reports. Other high-profile logistics and transportation providers like fleet operator J.B. Hunt and retailers Wal-Mart, Loblaws and Meije have also submitted pre-orders for testing purposes.

Scout Milestones 

E-sourcing provider Scout RFP announced Tuesday it has reached a growth milestone of more than $13 billion in managed spend through its Scout Pipeline, the company said in a press release. In addition, Scout’s customer base has grown to more than 110 globally in the past year.

“In 2017, we hit the $13 billion mile-marker for spend managed through the Scout platform,” said Scout CEO Alex Yakubovich. “As we move into 2018, we’re positioned to build on the past year’s momentum by expanding our brand into new markets; launch Spark, our first customer event; and continue to make sourcing simpler, smarter, and more strategic for businesses across the globe.”

Oil Prices

With oil prices pushing toward $60 a barrel for the first time since June 2015, supply chains are now bracing for higher costs related to shipping and fuel, the Wall Street Journal reports. Resurgent global economic forecasts, however, have suppliers optimistic about their customers’ ability to absorb price increases.

OECD Outlook

And finally, an economic update: Global economic growth is set to peak at an eight-year high in 2018, according to an OECD forecast, based on low investment levels and increasingly dangerous levels of debt.

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