Author Archives: JP Morris



Afternoon Coffee: Hasbro Hurt by Toys R Us Demise, Aston Martin Wary of Brexit Logistics

Toymaker Hasbro on Monday posted a 12% drop in third quarter sales, and the maker of Monopoly cited the lost connection to the shuttered retailer Toys R Us as a reason, The Wall Street Journal Reports. With changes to UK-European customs once Brexit happens, Aston Martin is considering the costly move of flying some auto components into the UK instead of going through the shipping port of Dover, Reuters reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Amazon Revisits Cities for HQ2 Site, Apple CEO Again Denies Story on China Hack

Cities on the short list for Amazon’s second headquarters are getting a fresh round of visits, and the online retail giant seems to be favoring an urban location, The Wall Street Journal reports. Apple CEO Tim Cook again disputed a Bloomberg report about a China microchip hack that also said the tech company had found the rogue chip in its servers and called for a retraction, CNBC reports on a Buzzfeed interview. Afternoon Coffee brings you the latest news about procurement and supply chains.

Afternoon Coffee: Uber into Trucking and Junk Bonds, Hurricanes Hit Supply Chains Differently

Uber says its ride-hailing technology is well-suited to the trucking industry, and it is renting trailers to start up a business called Powerloop, The Wall Street Journal reports. And after two hurricanes recently hit the Southeast, the fallout for supply chains was different for each storm, Supply Chain Dive reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. Takes on China’s Package Discount, America has Milk Glut

In another move in the chess match with China, the Trump administration is moving ahead with its bid to set its own rates for packages coming into the U.S., The Wall Street Journal reports. The tactic requires that the U.S. withdraw from a 144-year-old international postal body that sets rates. Without the yogurt boom, milk suppliers are left with an overabundance, Bloomberg reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Procurement, C-suite Often Not on Same Page About Hiring and Development, Experts Say

marketing procurement

A frequent topic in procurement is how can CPOs get a seat at the chief executives’ table, but finding that sweet spot with the C-suite can be elusive. Some of the frustration comes from procurement departments and C-suites being misaligned on how to hire the best people, a study shows. And procurement veterans at a recent APICS conference said hiring talented people and developing the current staff can help with that high-level relationship.

Afternoon Coffee: Sears Seeks Supply Chain Fixes, New NAFTA Vote Awaits New Year

With Sears filing for Chapter 11 bankruptcy Monday and its suppliers seeking payments, the department store giant has plans to shore up its supply chain, The Wall Street Journal reported. And Republican Sen. Mitch McConnell, the Senate majority leader, said Tuesday that a vote to replace NAFTA won’t be held until next year, after the midterm elections next month, Bloomberg  reported. Afternoon Coffee brings you the latest news about procurement and supply chains.

Afternoon Coffee: Sears Files for Chapter 11 Bankruptcy, Large Defense Suppliers Merge

Sears filed for Chapter 11 bankruptcy protection from creditors Monday, keeping many of its stores open while it restructures, The Wall Street Journal reports. And CEO Eddie Lampert has stepped down. Defense contractors L3 and Harris announced a merger over the weekend, the Washington Business Journal reports. If the deal passes muster, the new company would create the sixth-largest aerospace and defense prime contractor, the Journal reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Want to Know Your Industry’s Risks? CSR Index from EcoVadis Takes Deep Look

risk

As customers and businesses seek better environmental practices and fair labor standards, corporate social responsibility (CSR) reporting has taken on greater importance for executives who could face questions about why they use conflict minerals or buy products created by forced labor. To help take a deeper look at the issues, EcoVadis has assessed the CSR reporting of more than 33,000 companies around the world. The Paris-based company is a provider of business sustainability ratings, intelligence and performance-improvement tools for global supply chains.

Afternoon Coffee: Tariffs Fuel China’s Record Trade Surplus with U.S., Analysts Question Sears’ Moves

China shows a record trade surplus with the U.S. for September, and companies’ efforts to get their supplies before U.S. tariffs hit may be fueling the trade gap, Bloomberg reports. As Sears grapples with mounting debt and possibly filing for bankruptcy within days, analysts say the department store giant of yore didn’t do enough to succeed today, Adweek reports. Afternoon Coffee brings you the latest news about procurement and supply chains.

Afternoon Coffee: Sears in Fight for Its Life, Postal Service Seeks Rate Hike

Sears appears to be on the brink of bankruptcy, and the troubled retailer is facing pressure from lenders to liquidate, The Wall Street Journal says. And the U.S. Postal Service has requested a rate increase for letters, postcards and parcels. If approved, the increase could start in late January. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hurricane Michael Rips at Florida, Coupa Releases New BSM Product Updates

Hurricane Michael is lashing the Florida Panhandle with tropical storm winds before the dangerous Category 4 hurricane makes landfall Wednesday afternoon, the Washington Post reported. Coupa Software said this week it has launched the latest updates to its Coupa BSM Platform, focusing on supplier risk management and compliance, efficiency, and ease of use in the business spend management area. Afternoon Coffee brings you the latest news in procurement and supply chain news.

Afternoon Coffee: Direct-to-Consumer Businesses Disrupting Supply Chains, Maersk Buys into Loadsmart

category management

Technology is a big disruptor, but so is the long-standing effort to cut out the middleman. The direct-to-consumer trend is shifting the supply chain in key ways and for an array of businesses — like direct-from-wineries, Supply Chain Dive reports. Shipping giant Maersk is investing in the startup Loadsmart, a freight-booking service for the trucking industry, The Wall Street Journal reported. Afternoon Coffee brings you the latest in procurement and supply chain news.