Afternoon Coffee Content

Afternoon Coffee: Toyota’s Tariff Balancing Act; Ivalua’s $1 Billion Valuation; SAP’s Padgett’s Abrupt Exit

Reuters reports that Toyota Motor Corp had done a balancing act between U.S. and China even before tariffs began the trade war. Spend Matters reported earlier today both that Barry Padgett has left SAP only weeks after being named president of the newly created SAP Intelligent Spend Group (ISG), and that with its latest funding round, Ivalua has reached a $1 billion valuation — officially "unicorn" status. Afternoon Coffee: your source for procurement and supply chain (and unicorn) news.

Afternoon Coffee: Freelancer Marketplace Fiverr Is Going Public; Google Cools on Doing Business with Huawei

Fiverr, the Tel Aviv-based online marketplace for digital creative services, has announced that it filed its Form F-1 with the U.S. SEC just days ago. Google had deferred doing business with Huawei in some areas like the transfer of hardware, software and technical services. Seeing the massive jump in tariffs, big investors in Apple's iPhone and its supply chain are evidently bailing. And San Francisco-based Starsky Robotics and the Tampa Hillsborough Expressway Authority recently completed tests with a self-driving truck near Tampa, Florida. Afternoon Coffee: your source for procurement and supply chain news.

Field Nation ONE is launched, Walmart supply chain costs, Hub Group adds real-time ETAs

The workforce management provider Field Nation has released its latest solution to manage full-time workers, freelancers, contractors and vendors, the company said. Field Nation ONE is a single platform meant to help business simplify workforce management. Walmart's investment in its supply chains cuts into profits. And Hub Group is offering real-time ETAs on shipments. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Cisco in “Tariff Winners” Column; Smart Cube Launches Amplifi PRO

Beating analyst estimates, Cisco has reported better than expected quarterly earnings and said minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-China trade dispute. It does not appear, however, that retailer Macy’s will be so lucky. And research and analytics solutions provider The Smart Cube launched Amplifi PRO, “a client-facing digital platform which strengthens its existing solutions, by providing category managers with self-serve access to the key building blocks of procurement intelligence,” according to the release. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Google Develops Supply Chain Tracking Tools; Tipalti Partners with Everflow

At the Copenhagen Fashion Summit in Copenhagen, Google announced it was developing a Google Cloud data analytics and machine learning service that’ll “give brands a more comprehensive view of their supply chain.” Automated payables solutions provider Tipalti has said it had partnered up with Everflow to provide a platform that allows seamless global publisher relationship management and improved risk management. And General Dynamics Land Systems scored a contract from the Royal Thai Army. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: U.S. Electric Vehicle Supply Chain’s Hurdles; Fraxion’s Spend Management Solution Launch

Industry analysts say the United States has an uphill climb as it goes about creating its own electric vehicle supply chain. Fraxion, a cloud-based procure-to-pay solution for business spend management, will launch today in North America. SaaS solution provider SourceDay announced it had added two seasoned executives to its leadership team. And Northern Kentucky University, in partnership with the Tri-State Logistics Council launched the Supply Chain and Logistics Hub. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: U.S.-China Tariffs’ Effect on Both Sides; E2open to Acquire Amber Road

China has responded to the latest increase U.S. tariff increase on its goods with a retaliatory 25% tariff of its own, to hit more than 2,000 U.S. export products. E2open, a cloud-based provider of networked supply chain solutions, and Amber Road, which boasts a cloud-based global trade management platform, announced an acquisition agreement today. And as Amazon starts up the packing machines, GE Aviation begins using blockchain in its aviation supply chain. Afternoon Coffee: get your procurement and supply chain news here.

Afternoon Coffee: Kraft Heinz ‘Bad Procurement’ Saga Continues; Supply Chain Salaries Grew in 2018

The Supply Chain Salary and Career Survey Report has found that salaries of supply chain professionals registered an average jump of 4.2% in 2018, up from 2017 (a 3% rise). A 200-year-old agricultural commodities trader has undertaken a second round of overhauling its global operations. And reportedly Kraft Heinz's "bonus structure incentivized procurement and operations teams to show the highest possible cost savings." Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: KPMG, Spend Matters on Self-Service in Procurement; U.S.-China Trade; Walmart Has 1st Sustainability Report

China has requested the United States to meet it halfway to salvage a deal that could end their trade war. Walmart released its first ever Environmental, Social & Governance Report. And experts from KPMG and Spend Matters team up to host a webcast warning us all that "Extreme self-service in procurement is coming!" Afternoon Coffee: warning you that you'd better catch up on the latest procurement and supply chain news right here.

Afternoon Coffee: U.N. Agreement Could Tighten Plastics Exports; Adidas Looks to Air Freight to Solve Shortages

If the new U.N. law is passed, it will make it tough for the U.S. to ship unsorted plastic to emerging Asian economies. Air freight is to come to the rescue of Adidas, which continues to face supply chain shortages. And WordPress 5.2 will ship with offline digital signatures for all core updates as a security step against possible supply chain attacks. Afternoon Coffee: securing your procurement and supply chain news.

Afternoon Coffee: U.S.-Mexico Border Delays Continue; Coupa’s Exari Acquisition Complete

Delays of cargo movement at the U.S.-Mexico border are adversely affecting business prospects of American companies. Coupa announced today that its acquisition of Exari is settled, giving the suite provider advanced CLM capabilities. And a new survey predicts that as much as 90% of blockchain-based supply chain initiatives will suffer ‘blockchain fatigue’ by 2023. Afternoon Coffee: merging & acquiring your attention (hopefully) for procurement and supply chain news.

Afternoon Coffee: Kraft Heinz Co. to Restate Earnings; Trump Tweets Promise of Tariffs Increase by End of Week

Food giant Kraft Heinz announced it is planning to restate earnings for “2016, 2017 and part of 2018,” noting in the same regulatory filing that “it found evidence of employee misconduct in procurement that increased the cost of products sold." President Donald Trump tweeted Sunday that tariffs on $200 billion worth of imported goods from China will go up from 10% to 25% from this Friday, May 10. And a test by PepsiCo in conjunction with Mindshare has driven an increased 28% efficiency in supply chain efficiency. Afternoon Coffee: better late than never.