World Trade Content

Afternoon Coffee: New Post Office Weight Pricing; More Tariffs May Harm Tech Innovation; Coupa Adds On

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.

2019’s global hurricane season to be active, DHL Resilience360 reports about supply chain risks and safeguards

supply chain disruption

Severe weather poses one of the greatest threats and the least predictable risks to global supply chains within our modern globalized economy. The summer hurricane season is a particularly problematic time because nearly half the planet, and a majority of the production capacity for many industries, are located in areas routinely struck by catastrophic weather — East Asia, the Northern Indian Ocean, and the Southeast and Gulf coasts of the United States.

DHL Resilience360 recently released Stormy Weather Ahead: A Global Outlook on the 2019 Season to compile information about the impacts that even small storms can have and discuss the short- and long-term implications of these systems on existing supply chains. And learn ways to mitigate that risk.

Commodities Roundup: Chinese Steel Prices, Housing Starts and Aluminum Premiums

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.

Commodities Roundup: Copper Surplus, Baowu Steel, and Oil Price Slides

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: Copper sees a surplus, Chinese steel company Baowu may buy a stake in its rival, gold shines and oil prices on the decline.

Automation, digitization, global trade pose challenges for business leaders, report says

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.

GDPR compliance can be complicated, but VMS technology can ease process of protecting personal data

As more businesses collect personal data, the concerns over privacy and protection continue to deepen. Social media outlets are failing to protect sensitive personal information, and hackers seem to easily find their way into retail and financial databases.

In response, governments are instituting policies to protect personal data. Some individual states in the U.S. are passing legislation, but the most sweeping effort to date is the General Data Protection Regulation (GDPR), which went into effect in the European Union about a year ago.

So, how are companies handling the collection of data and protecting that information?

Take freelancer websites, for example. Those companies collect candidate information for use in their contingent worker programs, and that data is especially sensitive. Every person applying for work is required to submit personal information during their application process, so companies impacted by GDPR must now more closely manage that. Companies have to monitor who has access, determine what data can be shared, establish proper channels for sharing, have a plan to erase data and set a specific storage term.

Commodities Roundup: Alunorte Restart, India’s Elections and Rare Earths

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.

Norway tops annual FM Global Resilience Index of 130 nations’ business climates

Global Risk Management Solutions (GRMS)

The mutual insurance firm FM Global this week released its 2019 Resilience Index, examining economic indicators, risk factors and supply chain issues in 130 countries around the world — ranking the nations by the resilience of their business environments. The index is meant to be a tool for senior executives to conduct “vulnerability assessments and build their companies’ resilience around the world,” according to FM Global, which focuses on property loss issues. Norway topped the list, and Haiti came in last. Read on to find out about the U.S., China and Russia.

U.S. to drop its Section 232 tariffs on metal from Canada and Mexico

aluminum

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.

Commodities Roundup: Steel Prices, Sustainable Mining and U.S.-China Tariffs

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.

New Trump Tariffs Are a Top Issue for Supply Chains, Managers of ISM Economic Reports Say

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.”

Commodities Roundup: Steel Production, Ocean Freight Rates, Section 301, Truck Maker Talks Tariffs

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: Steel Production, Ocean Freight Rates, Section 301, and a Podcast: Truck Maker Talks Tariffs.