Q2 GDP growth beats expectations; FedEx, Huawei tensions flare; Supply chain transformation top of mind at week’s end

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The headline indicator for U.S. economic growth showed a 2.1% increase in Q2, better than expected but still a percentage point lower than the Q1 growth rate (3.1%).

Personal consumption, at 4.3% growth, led the way, its highest mark since 2014.

FedEx withheld Huawei packages: Chinese probe

Reuters, in quoting a report by Chinese state news agency Xinhua, reports that a probe by the Chinese authorities had shown that U.S. delivery firm FedEx likely withheld more than 100 of Huawei’s packages. Huawei also squarely blamed the U.S.-listed Flex for seizing its goods.

Study shows sustainability awareness rising, but challenges remain

A new report titled “2019 Sustainable Procurement Barometer” indicates that more and more organizations are becoming sustainability-aware, but challenges still remain. More businesses are recognizing the importance of sustainability practices related to procurement, according to the report released by EcoVadis and the New York University Stern Center for Sustainable Business.

Having supply chain visibility is sometimes not enough…

David McCarty, VP of customer solutions at TransVoyant, said supply chain visibility was merely the first step in becoming a digitally enabled supply chain. In a Q&A with Supply Chain Brain, McCarty said having visibility was just the beginning — companies need a better grasp on how their supply chains are behaving. “It's not just enough to know where a ship is; you want to know, when is it going to arrive?” he added.

Real estate near ports in great demand

A report by real estate company JLL has said the container volumes at East Coast ports had gone up by almost 47% since 2008. The reasons: the expanded Panama Canal allowed larger ships to use the waterway, and e-commerce, according to Supply Chain Dive.

Updated software helps companies reduce friction in supply chains

A provider of supply chain software and services, BluJay Solutions, has released the BluJay Global Trade Network (GTN) portfolio version 19.2. The updated software with enhanced features helps companies remove friction in their supply chains and manage logistics.

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