Afternoon Coffee Content

Afternoon Coffee: PMI shows U.S. manufacturing sector shrinks again; farmers face more troubles; Ghosn flights called illegal

“The economic activity in the U.S. manufacturing sector contracted at a stronger pace than expected in December with the Institute for Supply Management's (ISM) PMI dropping to 47.2 from 48.1 in November and falling short of analysts' estimate of 49,” FXStreet.com reports. In other news, U.S. farmers face more troubles in 2020 despite billions in federal subsidies and an initial deal in the U.S.-China trade war. In the Carlos Ghosn escape saga, a Turkish airline said its jets were used illegally when Ghosn fled Japan for Lebanon. Afternoon Coffee: Where the sentiment for procurement and supply chain news is strong.

Afternoon Coffee: Ghosn can’t escape spotlight; jobs report is out; prepping for procurement in 2020

Carlos Ghosn, the ex-Nissan exec who fled prosecution in Japan over financial impropriety charges, faces a fugitive warrant from Interpol, and he issued a statement Thursday trying to distance his family members from any role in his escape to Lebanon, CNBC reports. In other news, the U.S. jobs report is out, and while the recent numbers look good, the overall trend may indicate an uptick in unemployment filings. Also, catch up on Spend Matters' coverage about trends and plans for 2020. Afternoon Coffee: Getting the year started with a jolt.

Afternoon Coffee: Ghosn jumps bail, flees Japan; initial U.S.-China trade deal to be signed Jan. 15; self-driving truck hauls butter across U.S.

Carlos Ghosn, the ex-Nissan leader charged with fiscal impropriety and was out of custody on bail in Japan, fled the country and issued a statement that he’s now in Lebanon, where he is a citizen, according to The Associated Press. Other media has reports of a Hollywood-style escape. In other news, the first step of the U.S.-China trade deal will be signed Jan. 15, and orders for the electric Mustang SUV have topped off, Ford says. Afternoon Coffee brings you the latest procurement and supply chain news. Happy New Year!

Afternoon Coffee: Robot co-workers; tariffs and supply chains; California’s new privacy law

For an interesting update on how workers and robots are increasingly working together, The Associated Press takes a look at how expectations for people have ramped up and how injuries can occur. In other news, fashion industry pros talk about the effects of tariffs on businesses and supply chains. And California has a new privacy law set to begin Jan. 1 that has retailers and consumers wondering what to expect. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Economy grows; House passes USMCA; Uber Works in Miami; Lowe’s has e-procurement deal

The Commerce Department on Friday said the GDP, the total output of goods and services, grew at 2.1% for the third quarter — which is a positive development considering previous talk of a slowdown or recession, according to The Associated Press. In other news, the U.S. House passed the USMCA bill and sent it to the Senate, Uber Works expands beyond Chicago to Miami. Afternoon Coffee brings you the latest in procurement and supply chain news — but it'll be taking a year-end break. Happy Holidays!

Afternoon Coffee: German court bans Uber; Big Pharma loses in USMCA deal

A German court has banned Uber services in Germany. It said the U.S. company did not have the required license to offer passenger transport services using rental cars, the exclusive way Uber works in Germany, Reuters said. In other news, Big Pharma lost a key provision in the compromise that pushed the USMCA deal forward, The Associated Press reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Economy & impeachment; FedEx woes; Ford to invest $1.45B in electric, more; Fiat Chrysler-Peugeot merger

The CNBC All-America Economic Survey shows Americans are split on President Donald Trump's handling of the economy and the question of impeachment, which faces a House vote today. In other news FedEx reported lower-than-expected earnings again. Also Ford is investing in electric cars and more manufacturing around Detroit. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Manufacturing up for November; Boeing crisis may ripple; Trump trade-deal timing

The end of the GM strike gave U.S. manufacturing numbers for November a boost, helping exceed expectations for only modest growth for the month, CNBC reports. Several media reports indicate that Boeing's decision to halt production of the 737 MAX next month could have ripple effects on the U.S. economy. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Good/bad of ‘iPhone decade’; Voting machines and third-party risk; Recovery effort for rare earths

CNBC has an interesting look at the history and impact of Apple’s iPhone, exploring the last 10 years as the “iPhone decade.” The Wall Street Journal looks at third-party risk by examining a firm whose recent study shows 20% of part in electronic voting machines come from China, posing a potential risk. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S.-China deal advances; Brexit win; Qwil completes double financing round; Bill.com goes public

Two sagas concerning world trade — Brexit and a U.S.-China trade deal — saw major developments that give clarity to months of uncertainty. In other news: Qwil, a San Francisco-based startup that provides financing to freelancers and small businesses, has raised $24.4 million in equity and $200 million in debt funding, Reuters has reported. Bill.com has a strong IPO on day one, indicating that AP automation and payments are a hot area. Afternoon Coffee brings you the latest in procurement and supply chain news.

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.