The Afternoon Coffee Category

Afternoon Coffee: U.S. May Relax China Tariffs to Spur Better Deal, WSJ Reports; Tariffs Put Pressure on U.S. Auto Suppliers

The U.S. is debating whether to ease tariffs against China to encourage a better trade deal and ease stock market concerns that have rattled both nations’ economies, the Wall Street Journal reports in a story breaking Thursday afternoon. And in a related story, an auto supply manufacturer in Michigan says he’s always asked his procurement team to source locally, but with the U.S.-China trade war and the resulting tariffs on steel and aluminum driving up prices, he’s now switching from U.S. suppliers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Scout RFP Raises $33 Million — with Workday, Salesforce’s Help; Online-only, Freelancer Bank N26 Raises $300 Million

ScoutRFP, whose platform focuses on sourcing and supplier engagement, raised $33 million in a Series C funding round from the typical venture capital partners — as well as some unlikely ones: Workday Ventures and Salesforce Ventures, the company announced this week. In freelancer-related news, N26, a Berlin-based “online-only bank” recently became Europe’s most valuable fintech start-up, according to the Financial Times. It plans to expand into the U.S., and one of the key target markets of N26, and other online-only banks, is freelancers and micro-businesses. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee update: Brexit Deal Goes Bust; With Microsoft-Walgreens Deal, Healthcare Rivalry with Amazon Heats Up

Microsoft announced Tuesday it has signed a multiyear deal with Walgreens Boots Alliance to serve its employees and businesses, reports CNBC, which also looks at Amazon’s recent moves into the healthcare sector. Denver-based banking platform Joust on Tuesday announced the launch of its “multi-feature financial app tailored to the unique needs of freelancers, entrepreneurs and independent contractors.” Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Brexit Deal Faces Deadly Vote; When Do Retailers Seek Supply Chain Visibility?

With the latest Brexit plan facing a tough vote Tuesday, British Prime Minister Theresa May is seeking support for the deal, Bloomberg News reports. But the plan is expected to die. So what's next? And in technology news, retailers know the supply chain has the potential to deliver big losses or big gains, but seeking more visibility into it often occurs only after a big problem occurs, Supply Chain Dive reports. Afternoon Coffee brings you the latest news in procurement and supply chains.

Afternoon Coffee: Some Countries See Bright Side in U.S.-China Trade War

The U.S.-China trade war is widely viewed as a drag on the global economy, but for some Asia-Pacific nations, the ongoing dispute may have some silver linings. After nine months of increases, U.S. consumer prices fell in December, mainly due a steep drop in the price of gasoline, CNBC reports. Still, underlying inflationary pressures remained strong, with rental housing and healthcare costs rising steadily. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. Apparel Firm Cuts Ties to China Internment Camp; Diamond’s Origin Now Displayed at Tiffany

A U.S. supplier of team gear to college bookstores says it has cut ties with a company in China that uses labor in an internment camp holding ethnic minorities, the Associated Press reports. Tiffany & Co. announced it has added the country or region of origin for its diamond engagement rings and some diamond jewelry, Supply Chain Dive reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: ZeroChaos Rebrands as Workforce Logiq; GE GeniusLink Taps ODEM for Blockchain Tools

Global workforce management provider ZeroChaos has changed its name to Workforce Logiq, it said this week. The name is meant to highlight its IQ in the field and its focus on business intelligence as well as its AI-powered models used to manage the contingent workforce, an announcement said. GeniusLink, a part of GE's Global Operations organization that provides external experts and  crowd services to GE and external clients, will be partnering with Switzerland-based ODEM for its blockchain tools and technology. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Sears to Consider Last-Gasp Bid at Auction Next Week; Elevate Acquires Flexible Lawyering Platform Halebury

On Tuesday, an attorney for Sears Holding Corp. told a bankruptcy judge that the $4.4 billion offer by ex-CEO Eddie Lampert will be considered next week as the retailer moves forward with an auction, The Wall Street Journal reports. And Elevate, an L.A.-based provider of legal consulting, technology and other services, announced its acquisition of UK-based Halebury. Founded in 2007, Halebury is what has become called a “lawyer on demand” provider, offering temporary lawyers. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: U.S.-China Trade Talks Resume at Surprisingly High Level; Gig Economy Theory Had Flaws, Researchers Say

The U.S. and China’s face-to-face trade talks resumed Monday in Beijing, with a surprise visit by the top trade negotiator to China’s president in attendance, Bloomberg reports. And two leading experts on the gig economy — the collection of odd jobs driven by technology like the Uber app — now say they overestimated its effect on the overall economy, The Wall Street Journal reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. Renews China Travel Advisory, Washington and Beijing Set Trade Talks for Monday

American citizens should exercise caution when traveling to China, as they could face the risk of arbitrary detention, according to a travel advisory the U.S. State Department renewed Thursday. Beijing announced Friday that American envoys will travel to China on Monday for new talks to resolve the ongoing trade war. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Apple Guidance Rattles Investors, ‘Unprecedented’ Typhoon Heads for Thailand

Apple announced Wednesday that it was cutting its earnings guidance for the holiday quarter, knocking its shares down as much as 7% and fueling investor concerns over global economic contraction. A tropical storm has formed within a mass of thunderstorms that recently passed through Vietnam, potentially bringing a typhoon to Thailand — an event that has not happened in that country during January in at least 68 years. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Pacific Nations Welcome New Trade Deal, Customs Challenges Front and Center in Brexit Scenario Planning

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a replacement deal for the Trans-Pacific Partnership (TPP), entered force Dec. 30, bringing revised trade rules and tariff cuts to the pact’s six currently participating nations. The uncertainty surrounding how cleanly the U.K. will exit the European Union in March could lead to what The Wall Street Journal is calling “the world’s largest traffic jam.” Afternoon Coffee brings you the latest in procurement and supply chain news.