Barry — a storm that briefly became a hurricane, the first of the 2019 season — brought torrential rain to Louisiana and Mississippi on Sunday, and slowly continues to move through northwest Louisiana toward Arkansas through Monday, according to the Washington Post. The Wall Street Journal takes a look at how the U.S.-China tariff battle is forcing supply chains out of China. Afternoon Coffee brings you the latest in procurement and supply chain news.
Walmart’s acquisition of the e-commerce website jet.com is doing a lot of business in the store’s bid to take on Amazon, but it is projecting a loss of about $1 billion, the media site Vox reports in a lengthy look at Walmart’s e-commerce play. A senior U.S. official told the Commerce Department enforcement staff this week that the Chinese tech company Huawei should still be considered blacklisted after U.S. President Donald Trump promised to ease the ban on sales to the firm days ago at the G20 summit, Reuters said. Afternoon Coffee: Enjoy your procurement/supply chain news — and your Independence Day holiday!
After more U.S. tariffs against China were put on hold, stocks and oil prices increased Monday, though there was no breakthrough on the economic conflict between the two countries. Levi Strauss & Co. has partnered with IFC, a member of the World Bank Group, where IFC will work with 42 of Levi's suppliers to roll out renewable energy and water-saving projects. Afternoon Coffee brings you the latest in procurement and supply chain news.
What's going to happen at the G-20 economic summit in Osaka, Japan? It began today, and we have two stories giving insight into what may happen when Trump and China's leader sit down for trade talks Saturday. In another story, Apple is reportedly moving its Mac Pro production to China, bucking trends of supply chains possibly leaving China. And Spend Matters has some M&A insight into the procurement software market. Learn about the 10 types of businesses being targeted. Afternoon Coffee: It's the jolt of procurement and supply chain news that you need on a Friday.
For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets.
MetalMiner, a sister site of ours, scours the landscape for what matters. This week: The Dollar and Precious Metals; Currency War Looms; and Global Steel Production Rises 5.4% in May.
United States Postal Service (USPS) has put into effect new dimensional weight pricing. Experts tell Supply Chain Dive that additional tariffs on products from China could hinder U.S. tech innovation. Coupa expands its AWS relationship and adds capabilities. Afternoon Coffee provides the latest updates on procurement and supply chain news.
For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. MetalMiner, a sister site of ours, scours the landscape for news that matters. This week: Chinese steel prices, housing starts and aluminum premiums.
A new report by The Economist Intelligence Unit, sponsored by Basware, is shedding light on how technology innovation and shifting global trade dynamics are challenging businesses.
The report considers three trends — automation, digitization and shifting trade dynamics — that finance and procurement executives expect to affect their companies most, what their impacts will be, and how business leaders are preparing for the developments. The report’s findings are based on a survey of more than 400 finance and procurement leaders in the U.S., the UK, France and Germany.
For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. MetalMiner, a sister site of ours, scours the landscape for what matters. This week: Alumina refinery restarts in Brazil after a spill last year, Modi's re-election in India has chance to move markets, China may curb rare earth mining over trade war with U.S.
The U.S. plans to drop its Section 232 tariffs on industrial metals from Canada and Mexico that were instituted as a national security measure, The Washington Post and Politico are reporting Friday. The move clears the way for the new North American trade deal — the USMCA — that was proposed last year but has not been ratified.
For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. We scour the landscape for what matters — from price movements to policy decisions. This week: Domestic steel price weakness, sustainable mining, and U.S-China trade tariffs and talks fallout.
With the Trump administration’s latest tariff increase on goods from China set to start Friday, the managers of ISM’s economic indexes spent part of their Wednesday webinar addressing concerns about the new levy’s effect on the economy, procurement and supply chains.
“I was hoping we wouldn’t still be talking about (tariffs), but alas we still are,” said Timothy Fiore, chair of the Institute for Supply Management’s Manufacturing Business Survey Committee, which puts out the Production Manufacturing Index (PMI) on the first of every month.
“If we’d had this conversation two weeks ago, I would have been more optimistic,” he said. “With the news this week, I don’t know that I have an opinion. But people who know and that I’ve talked to expect the tariffs to go into effect Friday.”