Afternoon Coffee Content

Afternoon Coffee: SourceDay beefs up RFQ, AP Automation offerings; Does ‘Mayor Pete’ have procurement chops?

A Fitch Ratings report has forecast U.S. transportation infrastructure growth will continue to move more or less in step with GDP leveling off next year. SourceDay, a provider of a supplier collaboration engine for direct materials users, today announced that the Austin, Texas-based company has beefed up its RFQ and AP automation offerings. And Spend Matters Chief Research Officer Pierre Mitchell penned a commentary piece in the wake of McKinsey releasing Democratic presidential candidate and South Bend, Indiana Mayor Pete Buttigieg's client list. Afternoon Coffee: have a good one, folks!

Afternoon Coffee: USMCA on way to Congress vote; Degreed grabs Adepto; Payoneer acquires optile

Congress announced its plans to vote on the USMCA next week. Payments platform Payoneer nabbed optile, a Munich-based tech company "that streamlines payment acceptance processes for merchants worldwide, to boost merchant control of payments." And in the workforce tech platform space, Degreed acquired Adepto. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: USMCA clears hurdle; WTO paralyzed; Tariff delay; new Upwork CEO; SAP partners with project44

U.S. House Democrats have worked out a USMCA trade deal with the White House that could lead to the NAFTA replacement moving forward. In other trade news, the WTO's Appellate Body, which acts as the highest court for international trade, will in effect be paralyzed by losing more panel members. Also, new U.S. tariffs against China could be delayed from taking effect Sunday, the WSJ reports. In contingent workforce news, Upwork names a new CEO. In logistics news, SAP today announced a partnership with project44, which provides visibility for shippers and service providers. And former Boeing manager Ed Pierson told NBC News that he had warned the company about problems at its main factory in Washington state, prior to two of its 737 MAX airplanes crashing in separate incidents that killed 350 people. Afternoon Coffee: Stay safe out there.

Afternoon Coffee: China to cut foreign tech; How to fix lease spend mismanagement

In a move that could impact IT biggies like Dell, Microsoft and others, China has ordered all government offices and public institutions to “delete” foreign computer equipment and software within three years. There are many reasons why lease spend isn’t managed well, but technology has developed to the point that it would be unthinkable to leave all of that spend unmanaged, according to a hot-of-the-press Spend Matters article. And direct-to-consumer growth will continue to transform the fulfillment operations of retailers, manufacturers, plus their wholesalers and 3PLs, in 2020 and beyond. Afternoon Coffee: Happiest of Mondays to you.

Afternoon Coffee: Q4 SolutionMap update is out; SIG links up with PeopleTicker; Mintec wins digital tech award

Spend Matters today released its Q4 2019 SolutionMap today, ranking 59 procurement software companies across 12 tech solution categories. SIG (Sourcing Industry Group) announced a new partnership with PeopleTicker, a real-time salary and labor rate data provider. A new study by A.T. Kearney has revealed that external procurement spending was the single-largest cost element for most companies and a crucial component of their value chains. And Mintec won a neat digital tech award at an EU ceremony recently. Afternoon Coffee: keeping it real in procurement and supply chain news since 2010.

Afternoon Coffee: Amazon’s new renewable energy projects; Coupa’s new partnership with BMW Group

Amazon has unveiled details of new renewable energy projects in the U.S. and Spain. On the heels of its Q3 earnings announcement, Coupa recently announced that “it will deploy its BSM platform globally across BMW Group to help harmonize and optimize the automaker’s purchasing processes and increase efficiency and effectiveness across all products,” according to the release. And the Business-to-Government (B2G) space is seen as recession-proof, yet in need of a secure supply chain. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: ISM PMI down again; Coupa reports Q3 earnings; Deloitte’s holiday economic forecast looks bullish

Deloitte's annual holiday economic forecast has estimated that holiday retail sales will go up 4.5 percent to 5 percent this year. Coupa Software Inc. has reported a 51 percent increase in revenues to US $101.8 million in the third quarter. And for the fourth consecutive month, the November ISM PMI remained below par. Afternoon Coffee: your source for procurement and supply chain news.

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

U.S. President Donald Trump has tweeted that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina. To make shopping on Cyber Monday error-free, Amazon has fine-tuned its vast delivery network to ensure orders get to customers on time. And 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. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Medius-Wax Digital deal recap; Connecticut to try different approach to procurement; U.S.-China trade deal finally on horizon?

China’s President Xi Jinping has said he wants to work out an initial trade pact with the U.S. to avoid a trade war, but added a rider that his country was also not afraid to retaliate when necessary. The State of Connecticut is all set to try out a "problem-based" procurement process, according to the state’s Chief Information Officer Mark Raymond. And we bring you a recap of Spend Matters' coverage of Medius' announcement to buy Wax Digital this week. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Fiat Chrysler to recall 700k cars amidst GM lawsuit; Interview with Jaggaer CEO; German Q3 exports to U.S. grew; Check out India’s big guns

Fiat Chrysler has announced its intention of recalling nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection. German exports to the U.S. registered strong growth in the third quarter. And as U.S. blacklisting hits its supply chain, Huawei Chairman Liang Hua said that necessary parts will be procured from Japanese companies to the tune of $10 billion. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Medius buying Wax Digital; U.S.-China tariff war could structurally alter supply chains; Ferrero USA selects new supply chain visibility tech platform

The ongoing trade dispute between the U.S. and China could reconfigure global supply chains in the long-term, according to remarks made by the managing executive of the world's fifth-largest financial institution. Clothing maker Everlane is getting plastics out of its supply chain, and Ferrero USA has selected a new platform for its supply chain visibility needs. Afternoon Coffee: your source for procurement and supply chain news.