Afternoon Coffee: Trump to restore tariffs on Brazil, Argentina metal imports; Amazon’s Cyber Monday inventory storage service test

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U.S. President Donald Trump has tweeted that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina, according to Reuters. On Monday, Trump also urged the Federal Reserve to prevent countries from taking advantage of a strong dollar by devaluing their currencies, reports Reuters.

Amazon tests new inventory storage service for Cyber Monday

To make shopping on Cyber Monday error-free, Amazon has fine-tuned its vast delivery network to ensure orders get to customers on time. For this, Amazon has tested a new inventory storage service called Amazon Storage and Replenishment to help meet holiday demand and its next-day shipping pledge.

The new service lets merchants stage inventory close to Amazon’s delivery operation so products can be quickly replenished, according to documents reviewed by Bloomberg.

Tradeshift to fight payments fraud with new blockchain-based app

P2P software provider Tradeshift "has linked up with fraud protection specialist SiS-ID to integrate a blockchain-based app on its platform to reduce payments fraud," according to Global Trade Review. Read the full details here.

Majority of firms do not have Plan B if U.S.-China trade war worsens

DHL Resilience360, a supply chain risk management software platform under Deutsche Post AG's courier unit, has released a report that says a majority of companies polled said they had not prepared contingency plans if the ongoing trade war with China worsens, reports Reuters.

The survey included 267 anonymous responses from supply chain executives across industries including healthcare and automotive, 48 percent of whom from the engineering and manufacturing industry and 40 percent from the automotive mobility sector reported that they had no contingency plans at all, even though both fields have been heavily targeted by both countries in the trade war, according to Reuters.

Re-configuration of supply chains favoring Asean inevitable, says report

Even if the U.S. and China struck a trade deal, supply chains will still reconfigure towards the Association of Southeast Asian Nations (Asean), as multinationals look to minimize risks from possible future trade tensions between the two countries, a Maybank report has suggested, according to Business Times.

"A larger proportion of MNCs will adopt a 'China + 1' strategy to hedge against the risks of escalating U.S.-China trade tension and strategic mistrust," Maybank economists wrote in the bank's outlook report titled, "Year Ahead 2020: Asean."

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