Author Archives: Sally Ehrmann



Afternoon Coffee: AvidXchange prepares for IPO; EU wants to block exports of COVID-19 vaccines; Sideways ship clogs Suez Canal

In today's headlines, AP automation specialist AvidXchange is using investment banks to prepare for an initial public offering, with an expected valuation near $7 billion. In other news, the EU is asking member states to restrict the number of exports of COVID-19 vaccines. Also, a cargo ship is disrupting the Suez Canal, blocking traffic on the region's busiest waterway. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Fire disrupts chip plant, adding to semiconductor shortage; Quadient acquires AP automation provider Beanworks; Container ship orders surge

In today's headlines, a fire at a Japanese semiconductor chip maker, Renesas Electronics, is expected to add another hurdle to the global chip shortage. In other news, Quadient, a business communications platform, acquired AP automation provider Beanworks. Also, new building projects for container shippers have spiked. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Procurement professionals now prefer remote operations to do business; CAE expands European presence; Vaccine analysis finds faster not always better

In today's headlines, a report from McKinsey found that procurement buyers have shifted the way they do business in light of the Covid pandemic, and much of it will likely last after the pandemic. In other news, CAE, a physical commodity trader for semiconductors, expanded its presence in Europe with two hubs coming to Belarus and Hungary. Also, a new report found that states that expanded eligibility requirements for the COVID-19 vaccine actually have vaccinated fewer people in the population. Find out why in Afternoon Coffee, which brings you the latest in procurement and supply chain news.

Afternoon Coffee: Texas’ freezing storms cause plastics supply chain disruption; EU proposes new start-up standards; PRO recap: Airbase, Robobai, payable strategies

In today's headlines, last month's freezing storms in Texas led to a global plastics shortage that is likely to ramp up prices for consumers in certain goods. In other news, the European Union proposed new standards for start-ups in an effort to promote innovation in the region. In Spend Matters' PRO coverage this week, analysts looked at Airbase, Robobai and payable strategies. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Federal Reserve keeps rates near zero; Jobless claims count worse-than-expected jump; COVID-19 vaccine booking websites glitchy

In today's headlines, the Federal Reserve wrapped up its meetings this week, and it decided to keep interest rates and asset purchasing at the levels seen the past few months. In other news, first-time unemployment claims rose to a worse-than-expected 777,000 number. Also, COVID-19 vaccine-booking websites are yet another hurdle in the mass vaccination effort. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Icertis, Spend Matters to host contract resiliency webinar; Coupa reports positive earnings for Q4, fiscal year; GM tackles chip shortage by skipping a step

In today's headlines, Icertis and Spend Matters are hosting a webinar this month addressing contract resiliency in times of disruption. In other news, Coupa reported positive earnings for its Q4 and fiscal year ending Jan. 31, 2021. Also, General Motors has shifted some of its truck production to have lower fuel economy to address the global semiconductor shortage. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Consumer spending falters in February; Report shows high demand for consumer packaged goods; Why COVID-19 vaccine manufacturing takes time

In today's headlines, retail sales — a component of consumer spending that accounts for about two-thirds of the US economy — fell 3% in February, a higher-than-expected figure. In other news, a report found that demand for consumer packaged goods is likely to remain above pre-pandemic levels in 2021, but consumers want better packaging. Also, the demand for quality COVID-19 vaccines means a slow pace for manufacturing, and health concerns about the AstraZeneca vaccine are playing out across Europe. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Procurement departments lag in diversity, survey says; Amazon Business sees growth in customers, sales; Payments firm Stripe raises $600 million

In today's headlines, a Gartner study found that procurement is the second-least diverse corporate function. In other news, Amazon Business saw growth in customers and sales. Also, the payments firm Stripe secured a $600 million round of funding, bringing its valuation to $95 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spend Friends podcast: Supply chain resiliency comes from people and sharing information, expert Steve Hollis says

As businesses try to solve the supply chain problems seen during the coronavirus disruption, the answer actually lies in people and relationships, according to Steve Hollis, a business owner who said supply chain resiliency comes when suppliers share information with one another and see the spend through to the end.

Last week, Hollis was a guest on Spend Friends, a monthly video podcast hosted by Bill Michels, the VP of Operations — Americas at the Chartered Institute of Procurement and Supply (CIPS) USA, and Pierre Mitchell, Spend Matters’ Chief Research Officer. Its goal is to focus on all procurement matters under the sun, like spend management, supply chains and other topics.

Afternoon Coffee: Creactives-Spend Matters webinar targets procurement data; After Greensill collapse, ArcelorMittal seeks cash upfront; PRO recap: Compleat, VMS in 2025, M&A technology integration, B2B payments overview

In today's headlines, Creactives and Spend Matters are hosting a webinar in a few weeks addressing procurement data and how organizations can prepare to use it for success. In other news, ArcelorMittal SA said it will ask for cash upfront to help supply Sanjeev Gupta's steel mills after the collapse of Gupta's biggest lender, Greensill Capital. In Spend Matters' PRO coverage this week, analysts looked at Compleat, VMS in 2025, M&A technology integration, and the world of B2B payments. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Icertis raises $80 million in funding; New unemployment claims fall; EU supply chain faces fraudulent COVID-19 vaccines

In today's headlines, Icertis, a contract lifecycle management solution provider, secured an $80 million round of funding, bringing its valuation to more than $2 billion. In other news, first-time unemployment claims fell to the lowest point since early November, with 712,000 last week. Also, the European Union mass vaccination effort is facing the threat of fraudulent COVID-19 vaccines. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: J&J has vaccine supply chain issues for EU delivery; Greensill Capital partner Taulia adds JPMorgan financing heft; PRO Unlimited launches DirectSource

In today's headlines, Johnson & Johnson told the European Union that it's having supply chain issues, which may delay shipments of 55 million doses of its COVID-19 vaccine. In more bad news for the supply chain financing firm Greensill Capital, one of its technology partners, Taulia, received a $3.8 billion lifeline from JPMorgan Chase & Co, meaning Greensill has one few lifeline for help. Also, PRO Unlimited launched DirectSource PRO, a platform to find workers from private talent pools. Afternoon Coffee brings you the latest in procurement and supply chain news.