Cass Freight Index points to U.S. economy slowdown; BuyerQuest adds contracts module; Big Fashion to cut China sourcing

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An analysis in Seeking Alpha based on the Cass Freight Index shows the U.S. economy may be facing a slowdown. The index is considered by experts as a useful guide to the health of the economy based on the measurement of the movement of freight in the country. The Cass Freight Index indicates freight volume — which is declining — as well as pricing.

Survey shows majority of fashion companies want to reduce China sourcing

A report from the U.S. Fashion Industry Association says increasing costs associated with sourcing and production costs, coupled with protectionist trade policies, were top challenges faced by fashion companies in 2019. The survey, according to a report by Supply Chain Dive, also showed that 83% of respondents planned to cut down their sourcing from China due to the ongoing trade war.

BuyerQuest adds Contracts module to its P2P suite

According to a press release, “BuyerQuest Contracts guarantees purchasing compliance by codifying clients’ negotiated supplier discounts and making those pricing discounts immediately available in the BuyerQuest Marketplace.”

Glitch causes losses worth millions for Asos

Supply Chain Dive reports that complications that sprung up following a major overhaul of warehousing technology, as well as supplier issues related to crossing the Atlantic into the U.S. market had restricted stock available to Asos e-commerce customers in the U.S. and Europe. The report, quoting senior executives of Asos in a recent earnings conference call, said the British apparel company’s e-commerce sales and margins had taken a hit as a result in the three months ending June 30.

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