Afternoon Coffee: EcoVadis Releases Latest Version of Platform, China Digs in on Trade Fight

EcoVadis announced Wednesday the release of EcoVadis 10, the latest edition of its sustainability intelligence platform, according to a press release. New capabilities in the release include a streamlined user interface; dedicated news feeds for supplier-specific insights; and a portfolio list view that offers new ways to customize supplier information management.

"To truly prioritize ethical and responsible business practices, we need to collaborate as a global supply chain community and equip ourselves with the tools and insights that make change possible," said Pierre-Francois Thaler, co-CEO and co-Founder of EcoVadis. "EcoVadis 10 was designed with this industry need in mind, and the usability improvements and real-time sustainability intelligence it enables will lay the foundation for better engagement and sound, proactive buying choices."

For a detailed overview of EcoVadis and its platform capabilities, check out our Vendor Snapshot on the company.

Trade Showdown 

China’s Ministry of Commerce reiterated Thursday its resolve to not give into the Trump administration’s demands on trade, saying it would fight unilateralism and trade protectionism “till the very end,” according to Xinhua News.

"As of now, government officials of the two countries have never engaged in any negotiations concerning the trade friction," said Gao Feng, spokesman for the Ministry of Commerce. "Principles must be followed before negotiations get started. However, the U.S. has not shown any sincerity to negotiate.”

Catalant Report 

Catalant released its “Reimagining Work 20/20” report Thursday, which provides a wealth of data and findings about the state of enterprise workforce transformation. In addition to other findings, the survey found that more than half of respondents considered developing an agile workforce a top priority today. What respondents currently needed were also prioritized: access to highly skilled or specialized talent (75%), finding the right talent to get work done faster (62%) and increasing the speed of talent acquisition (57%).

“The findings of the report are consistent with what we have been seeing over the past — the increased urgency of enterprises to go beyond current processes and technologies for engaging talent,” said Andrew Karpie, research director for services and labor procurement at Spend Matters. “Current models for sourcing contingent workforce — effectively, staff augmentation, worker leasing models — are not sufficient for businesses that require speed, blended workforce in projects and agility in execution.”

Oil Jumps

And finally, an energy update: Oil prices surged 2% Wednesday as geopolitical tensions rose in the Middle East, the Wall Street Journal reports. U.S. crude futures jumped $1.31 to $66.82 a barrel Wednesday on the New York Mercantile Exchange.

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