Afternoon Coffee: Oil price declines due to trade war; Oracle’s Mark Hurd dies; Mack Truck workers strike

AdobeStock/Ivan Kruk

More than abundant supply of oil, weak oil demand — and the resulting oil price decline — is 70% due to the ongoing trade war, according to a Bloomberg report. The same trend is likely to continue next year as well.

Former Oracle CEO Mark Hurd dies at 62

Hurd took a medical leave of absence a month ago, to “spend time focused on my health,” according to CNN Business. He had been serving as co-CEO of Oracle with Safra Catz, and founder Larry Ellison took over for Hurd when he left. Ellison lauded him as an “irreplaceable” analytical problem solver, who had come to Oracle in 2010 after serving as CEO of HP, according to the CNN article.

New packaging solution for mango supply chain in U.S. and Mexico

One of the challenges before mango producers in Mexico and the United States was to find a paper-based packaging solution for mango supply that allowed more fruits to be packed in while ensuring resistance, ventilation and pallet stability, among other things. Packaging firm Smurfit Kappa was tasked to develop an optimal packaging solution for the entire sector. It met the challenge successfully with a new packaging solution, which was launched by The National Mango Board, among others, at the PMA Fresh Summit in Anaheim California.

Mack Truck’s first strike in 35 years; talks to resume today

Talks between representatives of 3,500 hourly workers and the management of the AB Volvo-owned Mack Truck will resume on Monday after workers went on strike for the first time in 35 years. The United Auto Workers and AB Volvo-owned Mack Truck will meet at the negotiating table to hash out the issues. Workers from six factories, including Mack’s main Macungie, Pennsylvania, plant and its engine and transmission facility in Hagerstown, Maryland, began their strike on October 12, following the expiration of the union’s contract on October 1. After a couple of short-term contract extensions, the sides failed to reach a deal, according to CNBC.

MIT opens new facilities in China, expands global supply chain research

The Ningbo Supply Chain Innovation Institute China (NSCIIC) has expanded its footprint with its membership within the MIT Global Supply Chain and Logistics Excellence (SCALE) Network, an international alliance of research centers founded at MIT. Ningbo is China's premier center for supply chain research and education, and its newly appointed director, Jiequn “Jay” Guo, has pledged to expand NSCIIC's educational offerings and to bring cutting-edge innovation in supply chain management theory and practice to the region.

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