Afternoon Coffee: Apple Supplier Issues Warning About U.S.-China Trade Dispute, Toyota Announces Autonomous-Vehicle Testing Facility

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What does the U.S.-China trade spat mean for Apple’s supply chain? The Financial Times reports that according to industry experts and Apple’s own suppliers, the dispute would increase the costs of electronic parts shipped to the U.S., with Apple suppliers without major production sites outside of China most vulnerable to risks resulting from the new tariffs.

Among other demands, the U.S. has asked China to cut the trade deficit by at least $200 billion by the end of 2020.

Toyota Announces Autonomous Vehicle Testing Facility

Toyota has announced that construction of a autonomous vehicle test facility is underway at the 60-acre Michigan Technical Resource Park in Ottawa, Mich, Transportation Today reports. The 1.75-mile track, which is meant to replicate a four-lane divided highway, will be used to test dangerous driving scenarios.

U.S. Oil Prices Reach $70/Barrel

With the looming possibility of President Trump pulling the U.S. out of the Iran nuclear deal, U.S. oil prices rose to $70 a barrel on Monday, the highest it has been since 2014, the New York Times reports. Iran is the world’s largest producers of crude oil, and investors worry that an U.S. exit from the Iran deal will lead to new oil sanctions on Iran, further tightening the global oil supply.

Providers to Have on Your Radar in 2018

This morning, Spend Matters released its 50 Providers to Know and 50 Providers to Watch lists for 2018, following months of intense debate and discussion among all of the Spend Matters analysts. The lists reflect the 50 leading procurement technology and services providers that are setting the industry standard and the 50 newcomers that are pushing procurement forward. Don’t miss it!

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