Author Archives: Taras Berezowsky



Afternoon Coffee: CIPS Nabs a Gates Foundation Grant; Auto Supplier Update; Apple Details Supplier Responsibility

The Bill and Melinda Gates Foundation has awarded the Chartered Institute of Procurement & Supply (CIPS) a grant to improve the procurement of medical supplies across Africa. Speakers from manufacturers and intelligence firms shared their thoughts on the risks posed to the auto industry — both regionally and globally — at the 2019 West Michigan Automotive Suppliers Symposium this morning. And Apple released its annual Supplier Responsibility Progress Report today. Afternoon Coffee: the latest in procurement and supply chain news.

Afternoon Coffee: U.S. Trade Deficit at 10-Year High; Payment Provider Nvoicepay Snapped Up

U.S. Commerce Department data showed Wednesday that the U.S. trade deficit widened in 2018 to $621 billion, its highest in a decade, according to Bloomberg. Fleetcor, a commercial payment (primarily card) solutions provider, has signed a definitive agreement to acquire Nvoicepay, Inc., a leader in full AP automation for businesses. And the U.S. auto market is staring down lower sales figures. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: Office Depot, Alibaba.com Partner Up; Certify, Chrome River to Flow as One

Office Depot and Alibaba.com are joining forces to empower small- and medium-sized businesses to more efficiently tap into the global B2B commerce market. Certify and Chrome River Technologies, two travel & expense providers who also offer invoice management software, will merge in a deal that’s valued at over $1 billion. And the latest report from freelancer site Upwork dissects hiring manager behavior across key generations. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: 2019 Global Sourcing Trends; Software Supply Chain Cybersecurity Risks; New Cleo Launch

Cyberattacks on software supply chains are on the rise, according to Microsoft's latest Security Intelligence Report. Integration platform vendor Cleo announced an update to its offerings for integration platforms as a service. And a new Everest Group report picks out top trends in global sourcing for 2019. Afternoon Coffee brings you the latest in procurement and supply chain news.

SolutionMap in 2019: Where We’ve Been and the Year Ahead

Ah, the memories. When it comes to preparing for The Year in Comparative Rankings of Procurement Software Companies, it’s hard not to gravitate immediately to Spend Matters SolutionMap. For one thing, SolutionMap provides quarterly updates, keeping in real-time lockstep with advancements and innovations in the procurement software and technology market. For that reason, we saw some cool things happen over the past 12 months — and have some exciting updates to share for 2019.

Number of High-Earning Independent Workers Is Rising, MBO Report Says

workers

A select group of high-earning workers has been increasing, according to a recent research brief from MBO Partners, stemming from the firm’s eighth-annual 2018 State of Independence in America report. The report estimates that of the more than 15 million full-time independent workers, 3.3 million are high earners — defined as earning $100,000 per year or more. This group has grown nearly 70% since 2011, despite that the overall number of full-time independents in total actually declined over that same period.

South America’s Gold Supply Chain Poses Big Risks for Procurement, Report Says

If your company sources and buys gold, then the message from some recent research is loud and clear: Watch your step in South America. The market there and its role in the global gold supply chain is a tremendous cause for corporate concern, according to a Thomson Reuters white paper. Evidently, the promise of huge profits based on higher gold prices — and fueled by rampant corruption — have created a vast supply chain problem on the continent.

Tariffs: A Black Cloud Marring the 2019 Commodity Outlook

There was one word that loomed over the proceedings at The Right Place/Supply Chain Management Council's Commodity Trends 2019 Outlook event Wednesday in Grand Rapids, Michigan: Tariffs. From the multiple expert presentations to numerous audience questions and comments on the topic, it didn’t take much to pinpoint the effects of tariffs as a recurring theme of the half-day conference, at which MetalMiner Executive Editor Lisa Reisman presented our 2019 metals outlook. Indeed, the current onslaught of tariffs — including those implemented under Sections 201, 232 and 301 of U.S. trade law — seemed to be one of the primary concerns on everyone’s minds.

Afternoon Coffee: Bonfire Merging with Govtech Platforms, Walmart Looks South of the Border, More (Sad) Volkswagen News

E-sourcing provider Bonfire is merging with five ‘Govtech’ SaaS/cloud platforms to form a new publicly traded company dedicated to the digital transformation of the public sector. As Hurricane Florence bears down on the Carolinas, the current tariff landscape creeps its way into concerns over higher material costs in the future rebuilding effort. Walmart makes e-commerce moves south of the border; and Volkswagen’s Beetle is no more. Afternoon Coffee brings you the latest in procurement and supply chain news.

The Contingent Workforce and Services SolutionMap is Born — Have You Greeted It Yet?

In case you missed it yesterday, Spend Matters launched an entirely new solution area — featuring three distinct solution categories — as part of its Q3 SolutionMap. For the first time, our analyst team has begun evaluating Contingent Workforce and Services (CW/S) enterprise software vendors, addressing the sourcing and management of Temp Staffing, Contract Services/Statement of Work (SOW) and Independent Contract Workers (ICW), in the context of SolutionMap. Click on each category name above to read a detailed, high-level description of that category and view the persona graphics for free.

2018 Trade Mania Roundup: Who Wins, Who Loses and Who Should Cut the Cheese

sustainability

Without a doubt, global trade in 2018 has seen the most fireworks since, arguably, the Great Recession — or even before. As much else in the world has for the last year and a half, the story begins with U.S. President Donald J. Trump and his administration’s actions on the trade front, namely how it has chosen to review the country’s approach with its existing trade partners. The search term “trade war” has likely seen thousand-percent spikes in the first half of this year compared with past years, going by the key events of 2018.

Commodities Roundup: KORUS to be Revamped, E.U. Calls Section 232 ‘Bluff’

trade

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.