Afternoon Coffee: Jaggaer’s new CEO and what it means for the procurement tech market; GM strike disrupts auto supply chain; U.K. releases import/export guidance ahead of Brexit

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Jaggaer today announced that it has a new CEO, effective immediately, and that it created the new position of chief operations officer. Jim Bureau becomes the CEO after being Jaggaer’s executive vice president. The new COO for the North Carolina-based spend management software provider will be Vic Chynoweth, the current CFO, Jaggaer said.

Bureau will succeed Robert Bonavito as chief executive. Bonavito will be available as an adviser to the board, Chairman Euan Menzies said in a press release. Menzies said Bureau was vital to Jaggaer’s sales and marketing efforts, as well as “formulating a company culture that supports our current and future goals.”

“During the next several months, Jim, Vic and I will be working together with the rest of the leadership to team, to redefine our vision and strategy to capitalize on the exciting opportunities ahead,” Menzies said.

Spend Matters recently attended Jaggaer’s customer event and reported on how the company is preparing for its next big value creation hunt.

On today’s news, Spend Matters Founder Jason Busch had a broader view of what the leadership change means for the procurement technology market.

"Building on its market share strength in Europe, broad-based source-to-pay product footprint and direct materials prowess, Jaggaer has tremendous potential to bring together its set of best-of-breed solution components to accelerate its overall traction in the procurement technology market,” Busch said. “We are excited for Jaggaer's next phase of growth and look forward to speaking with Jim and his team to learn more about their specific focus and plans."

GM strike causes significant automotive supply chain paralysis

As the General Motors strike in North America gets into its second month, it has nearly paralyzed a major chunk of the automotive supply chain. The strike by 46,000 hourly GM workers has affected over 30 plants — and everyone along the chain, from parts suppliers, haulers and car dealers to workers in Mexico.

U.K. government releases ‘letters of advice’ for importers, exporters

The U.K. is putting trade safeguards in place to mitigate the risks that the impending Brexit poses. According to Supply Chain Dive, the government “will reinstate Operation Brock, a plan meant to keep traffic moving in the event of freight backups at the Port of Dover once Brexit officially takes place.”

“It has also released letters of advice this week for businesses that trade with the European Union, outlining importer and exporter requirements,” according to the Supply Chain Dive article. “This includes needing to check the tariff rates after Brexit to see which duties to pay.”

University of Tennessee receives $500K grant to develop global crop supply chain model

The National Science Foundation has granted researchers from the University of Tennessee $500,000 to find ways to develop optimal foods systems from a holistic economic perspective.

The research, said a press release, will specifically target the U.S.-China wheat and soybean supply chain due to their large trade volume and critical impact on the global sustainability of food, energy and water.

Ferrero USA selects consumer platform Allow for digital supply chain management

Demand platform Alloy has been selected by confectionary company Ferrero USA to implement Alloy’s enterprise supply chain solution.

The move follows a successful pilot program with Alloy, according to a press release. “Ferrero is constantly looking at innovative ways to meet consumer demand and further enhance our retailer partnerships,” said Glenn Lawse, VP Supply Chain, Ferrero USA, quoted in the release. “Our distributor and retailer teams are eager to start using Alloy and get the upstream and downstream insight they need to influence allocation and optimize on-shelf availability.”

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