Author Archives: Kyle Schultz



Afternoon Coffee: Did digitization help NMI see uptick in May?; Vizbli Resilience debuts; Amazon receives blockchain patent; Alibaba starts freight services

The Institute for Supply Management has released its NMI report for May 2020, showing signs of a slight recovery from the COVID-19 economic decline seen in April. In other news, Vizbli Resilience has debuted, offering an enhancement of Vizbli's core supplier collaboration solution. Also, Amazon has received a new blockchain patent to provide more visibility into the supply chain for shippers and customers. And, Alibaba has debuted Alibaba Freight for B2B shippers to manage ocean and air freight for bulk shipments. Afternoon Coffee brings you the latest in procurement and supply chain news.

To see the coronavirus’ effects on your business or suppliers, Dun & Bradstreet offers COVID-19 Impact Index

Dun & Bradstreet, which measures risk and business credit scores, recently introduced its COVID-19 Impact Index, a resource to help business leaders see and understand the current impacts and potential business disruptions on companies, their customers and supply chains due to the pandemic.

By looking at an integrated assessment of locations and industries, companies can see a deeper picture of how the coronavirus has disrupted operations in certain areas.

Afternoon Coffee: PMI sees expansion in May; Pinnacle Model topic of ‘Lunch and Learn’ series with Everest Group; U.S. economy may need 10 year recovery; Thoma Bravo acquires Exostar

The PMI report for May shows that the economy is beginning to recover after bottoming out in April due to disruptions from the coronavirus. Also, Everest Group and Spend Matters have teamed up for the second part of a new "Lunch and Learn" video series covering the people and processes of the contingent workforce. The new video, covering the Pinnacle Model practices of the contingent workforce, is available today. In other news, the CBO announced that the U.S. economy could take a decade to fully recover from damages caused by the coronavirus. And, Thoma Bravo has announced the acquisition of cloud-based access management provider Exostar. Finally, oil demand is surging in China as the country opens back up, leading to dozens of oil tankers idling at ports to unload crude. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Retailers temporarily close near protests; China cancels U.S. agricultural imports; OPEC considers extending oil supply cuts

Retailers in areas near the recent protests against police violence are temporarily closing stores and altering deliveries after several were damaged and looted over the weekend. In other news, Chinese state-owned firms have canceled orders of U.S. agricultural products due to tensions between the countries over a recent Hong Kong national security law. And, OPEC is considering extending oil cuts enacted to counter excessive supply due to the coronavirus. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Cost reduction & tech hinder procurement firms; Renewable energy consumption overtakes coal in U.S.; TradeLends integrates DP World

A survey has found that firms focused on cost reduction are hindered by geographic and time zone gaps, as well as a need to invest in collaborative technologies. In other news, renewable energy consumption has overtaken coal in the U.S. for the first time. Also, the logistics provider DP World has integrated with AP Moller-Maesrk's TradeLens platform to help both companies' customers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hong Kong security law may impact regional business; Germany faces 9-16 month economic rebound; Rail companies see drastic volume loss

Hong Kong's status as a global business hub may face disruption from a new national security law approved by mainland China. Also, the Ifo Institute for Economic Research predicts that Germany will face a 9-16 month recovery before the country's economy begins to normalize after disruptions caused by the coronavirus. In other news, rail companies have cut capacity due to drastic volume drops caused by the pandemic even as they prepare for a gradual normalization of demand. And, freight company Expeditors International has acquired the digital platform Fleet Logistics to enhance services for small shippers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Talent procurement is topic of debut ‘Lunch and Learn’ series with Everest Group; EU proposes economic relief; Human spaceflight to resume from U.S. soil in SpaceX’s first manned mission

The Everest Group and Spend Matters have teamed up to debut a new "Lunch and Learn" video series covering the people and processes of the contingent workforce. The first video, covering a macro view of the contingent workforce, is available today. In other news, the European Union has proposed an $825 billion economic relief package to help member nations hurt by the coronavirus pandemic. Also, for the first time in nine years, the U.S. is set to launch NASA astronauts into orbit on one of SpaceX's rockets, marking the company's first human launch. And, the marketing intelligence provider The Smart Cube has made its on-demand procurement intelligence Amplifi PRO platform free to use. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: $150 billion in PPP loans untouched; FAA to allow cargo in passenger plane cabins; Gravity Supply Chain Solutions & UST Global to partner

The Small Business Admiration’s Paycheck Protection Program (PPP) still has about $150 billion in loans available to help businesses during the coronavirus crisis. In other news, the FAA will allow empty passenger planes to hold cargo in the cabin until the end of the year due to the dramatic decrease in passengers during the pandemic. Also, the technology provider Gravity Supply Chain Solutions and digital transformation provider UST Global have announced a partnership to develop a new supply chain visibility digital platform. And, the food retailer Ahold Delhaize is partnering with the temperature warehousing company Americold to create two fully-automated frozen warehouses in the northeastern U.S. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Consumers hesitant about returning to public activities; UK releasing COVID-19 tracking app; Ex-Green Beret arrested in Ghosn escape

A poll has found that many Americans are hesitant to return to pre-coronavirus public activities, potentially slowing economic recovery efforts. Also, the UK is successfully testing a coronavirus tracking app and plans to release it on June 1. In other news, a former American Green Beret solider, his son and a U.S. citizen were arrested this week for allegedly helping former Nissan boss Carlos Ghosn escape from Japan in December. And, GM is reopening facilities in Mexico after the plants were closed for weeks due to the coronavirus. Finally, SoftBank is selling off 5% of its telecom unit as part of an effort to support its shares. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: UK removing tariffs for supply chains; Apple & Google announce COVID-19 app partnership; Riskmethods targets long-term resiliency

The UK will remove $37 billion in tariffs aimed at supporting post-Brexit manufacturing supply chains at the start of next year. In other news, Apple and Google have jointly released smartphone app technology to help track potential coronavirus exposure. Also, the risk management platform riskmethods has released a framework as part of its Supply Chain Continuity Program that will help businesses plan for stabilizing operations and plan long-term resiliency amid the coronavirus crisis. And, Ford has had a rocky start at two U.S. assembly plants just days after reopening them from coronavirus-related closures. Finally, ports in the Gulf of Mexico and the southeastern U.S. may face a rough hurricane season as they recover from low shipping volumes during the pandemic. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: OPEC’s supply cuts rally prices; Google stops building AI tools for energy sector; Amazon reopens French warehouses

OPEC has said that supply cuts made to offset plunging demand have been well received by the oil market. In other news, Google has announced that it will stop building AI tools for oil and gas companies moving forward. Also, Amazon warehouses in France are reopening after being closed for weeks due to a French court order. And, the trucking industry in the U.S. is beginning to see an increase in movement as stay-at-home orders expire across the country. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Global economy may not rebound till 2023; Procurement execs not confident in supplier data, Tealbook finds; FedEx-Microsoft partnership

The IMF has predicted that the global economy won't return to pre-coronavirus levels until 2023. In other news, a Tealbook survey reveals that a majority of procurement executives lack confidence in their supplier data. And, FedEx and Microsoft have partnered to allow customers to track parcels in "near real time." Afternoon Coffee brings you the latest in procurement and supply chain news.