Afternoon Coffee: SAP, Uber Freight Team Up; UK Gov’t Drops Companies from Responsible-Payments List

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A partnership with SAP Logistics Business Network means potentially more shippers for Uber Freight, according to Supply Chain Dive, not to mention “validation of its technology, network and value” as its parent company heads for an IPO.

For SAP, “the partnership means adding a convenient and tech-enabled booking tool for its users, along with the data that comes to all Uber Freight users,” according to the article.

U.K. government drops big companies from responsible-payments list

Five companies have been removed from the government’s responsible-payments list, something that could hamper them in their ability to win state contracts.

The Chartered Institute of Credit Management administers this Prompt Payment Code for the UK government, and took the decision to remove said firms “for non-compliance and not providing a plan for how they will meet the terms,” according to Bloomberg.

The companies include BHP Group Plc, GKN Ltd, and DHL Worldwide Express.

Twelve more companies were suspended from the list, but have committed to prompt payments in the future. These include Balfour Beatty Plc, Persimmon Plc, Rolls-Royce Holdings Plc, and Vodafone Group Plc.

Deadly hog fever in China boosting U.S. meat companies

An outbreak of deadly hog fever in China has led to the culling of millions of the animals. American suppliers have therefore been boosted by shrinking global supplies, increased prices, and greater demand.

After several hard years for the American industry, this could prove to be the turning point. China and Hong Kong purchased only 351,774 tons of meat from the U.S. last year, a fall of 30%. However, they have ordered 101,200 tons in the last two weeks alone, following the hog fever.

This has significantly boosted U.S. suppliers, and new Chinese orders may help a new $309 million Iowa processing plant turn profitable in 12 months.

FedEx believes blockchain is the future

The chief information officer of FedEx, Rob Carter, has claimed that blockchain must become a key tool in both tracking goods and cracking down on fraud in the supply chain.

FedEx is a member of the Blockchain in Transport Alliance, with nearly 500 other members working on one common goal to set standards for the technology. FedEx wants regulators to bring in new rules to increase blockchain’s use, including cross-border package delivery protocols.

According to Gartner, blockchain will support movement and tracking of $2 trillion worth of goods by the year 2023, as cited by the WSJ.

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