Afternoon Coffee Content

Afternoon Coffee: FedEx cuts more ties to Amazon; Domino’s binges before Brexit; farmers wary of U.S.-China tariffs

FedEx will not renew its ground contract with Amazon, the delivery giant's latest move away from the online retailer that is building out its own logistics capabilities. In the UK, the American pizza chain Domino's is stockpiling ingredients in case Brexit gets messy for supply chains. And in the Midwest, farmers discuss the fallout of the U.S.-China tariff war. Afternoon Coffee: News brewed for procurement and supply chain professionals.

IBM, Anheuser-Busch InBev, others launch blockchain network; Pentagon sees China-made drug ingredients as security threat

IBM and other large company participants have launched a blockchain network for improving supply chain management, reports Reuters. Spend Matters today published the third part of the Vendor Snapshot series highlighting Ivalua's procurement technology solution capabilities. And according to Bloomberg, the acting deputy assistant director for health care operations and Tricare for the Defense Health Agency told a U.S.-China advisory panel recently that the national security risks of increased Chinese dominance of the global API market "could not be overstated.” Afternoon Coffee: your source for procurement and supply chain news.

SAP Ariba, Social Enterprise UK update; ASCM launches ethically focused certification; China retaliates on tariffs

China retaliated against President Donald Trump’s tariff threat, allowing the yuan to tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of U.S. agricultural products. SAP Ariba and Social Enterprise UK, an organization dedicated to promoting ethical and sustainable firms, continue to espouse “procurement with purpose.” And the Association of Supply Chain Management announced the launch of the ASCM Enterprise Certification, a "standards guide to benchmark progress and measure the ethical, environmental and economic initiatives of corporate supply chains." Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: China warns of tariff retaliation; $10B military procurement deal under review; Under Armour revamp succeeds; cybersecurity toolkit for supply chains

A day after the Trump administration announced more tariffs on more products imported from China, the Chinese government vowed to retaliate. In Defense Department news, the Defense secretary has ordered a review of the procurement process for a $10 billion cloud project. Read more about Under Armour's tighter supply chain, and learn about a new cybersecurity toolkit. Afternoon Coffee: A jolt of Friday news to finish off the week.

Afternoon Coffee: Procurement Leaders acquired; Hot developments in Contingent Workforce & Services space

Procurement Leaders CEO Nandini Basuthakur announced on Wednesday via LinkedIn that the organization had been acquired by executive networking firm World 50. Fiverr's launch of Studios, enabling workers to organize "agency-like teams," and other Contingent Workforce & Services news made the CW/S Hot List, released today on Spend Matters. And cheaper prescription drug imports may be on the horizon for the U.S. Afternoon Coffee: importing your procurement and supply chain news.

Afternoon Coffee: U.S. to urge Japan, South Korea to end trade spat; Healthcare supply chain inefficiencies cut into profit

Supply chain inefficiencies have been hitting profit margins of U.S. healthcare organizations, according to a SpendEdge study. U.S. Secretary of State Michael Pompeo said he would ask two feuding U.S. allies, Japan and South Korea, to ease the trade tensions between them during meetings with his Japanese and South Korean counterparts. And a vegan burger maker takes on an unlikely partner. Afternoon Coffee: beefing up your procurement and supply chain news.

$8.1 billion Saudi arms sale still on; Aon, Bunker link up; Consumer goods companies wasting money on digital?

A survey by AlixPartners shows that over half of the consumer goods companies surveyed were simply "throwing money" at chasing hot digital sales growth. Aon and Bunker announced a partnership to address the compliance management needs of Aon’s growing base of “digital economy” clients. And the U.S. Senate voted unsuccessfully to override President Trump’s vetoes of resolutions meant to block his administration from bypassing Congress to sell weapons worth $8.1 billion to Saudi Arabia and the United Arab Emirates. Afternoon Coffee: your procurement and supply chain news.

Afternoon Coffee: ‘Upskilling’ supply chain with gamification; SpareHire rebrands; Buy American exemption for Canada?

Thanks to an executive order by U.S. President Donald Trump restricting foreign steel components in U.S. federal procurement projects, Canadian exporters will reportedly find it very difficult to get access to those projects. Forbes reports that the City of Los Angeles has joined others such as Orlando, Nashville and Baltimore in including businesses owned by members of the LGBTQ community in the contract process. And artificial intelligence and other developments have changed the nature of the supply chain business, requiring re-skilling. Afternoon Coffee: re-skilling your consumption of procurement and supply chain news.

Q2 GDP growth beats expectations; FedEx, Huawei tensions flare; Supply chain transformation top of mind at week’s end

The headline indicator for U.S. economic growth showed a 2.1% increase in Q2, better than expected but still a percentage point lower than the Q1 growth rate. Xinhua reports that a probe by the Chinese authorities had shown that FedEx likely withheld more than 100 of Huawei’s packages. And an EcoVadis/NYU Stern School of Business report indicates that more and more organizations are becoming sustainability-aware, but challenges still remain. Afternoon Coffee: your Friday dose of procurement and supply chain news.

Afternoon Coffee: Southwest, American hurt by 737 MAX grounding; Caterpillar pays $70 million in tariffs; Europe heat wave

The grounding of the Boeing 737 MAX airplanes is having more fallout — with Southwest and American airlines reporting negative developments. Caterpillar details its hit on tariffs: $70 million last quarter, but it raised prices to cope. And record heat is hitting Europe, causing a lot of problems. Afternoon Coffee brings you the latest in procurement and supply chain news.

Uber Freight to launch in Germany; MIT, ASU unveil supply chain management degree; U.S. e-commerce sites lagging

Ride-hailing company Uber will launch a freight platform in Germany, in an effort to grab a share of Europe's $500 billion trucking market. MIT and Arizona State University recently announced a 100% online Master’s program offered on the edX platform. And in a recent hearing of the U.S. House of Representatives Judiciary Committee, it was revealed that the country’s e-commerce sites were way behind their international counterparts in the war against counterfeit products. Afternoon Coffee: producing your procurement and supply chain news update.

Cass Freight Index points to U.S. economy slowdown; BuyerQuest adds contracts module; Big Fashion to cut China sourcing

An analysis in Seeking Alpha based on the Cass Freight Index shows the U.S. economy may be facing a slowdown. According to a press release, “BuyerQuest Contracts guarantees purchasing compliance by codifying clients’ negotiated supplier discounts." And a report from the U.S. Fashion Industry Association says increasing costs associated with sourcing and production costs, coupled with protectionist trade policies, were top challenges faced by fashion companies in 2019. Afternoon Coffee: your source for procurement and supply chain news.