General News Content

CFTC orders Kraft, Mondelez to pay up; UPS moves on self-driving trucks; China increases soybean imports from Brazil

The U.S. Commodity Futures Trading Commission (CFTC) ruled that Kraft Heinz Co. and Mondelez International Inc. will have to pay a $16 million penalty in an old wheat manipulation case. ICYMI, Spend Matters' Andrew Karpie covers VMSA West on the Pacific Coast and Jason Busch drills down into Proactis amid a takeover bid for the UK spend management provider. And TechCrunch reports that UPS picked up a minority stake in TuSimple, a self-driving truck startup. Afternoon Coffee: starting up your weekend early with the latest procurement and supply chain news.

SourceDay nets ‘Built for NetSuite’ status; Kelly Services, Moonlighting in blockchain partnership; Boeing’s struggles continue

Boeing has once again delayed the entry of an ultra-long-range version of its forthcoming 777X widebody into service. SourceDay, a provider of purchase order management and supplier collaboration solutions, announced today that its SuiteApp has achieved “Built for NetSuite” status. And Kelly Services recently announced a strategic partnership with Moonlighting to take advantage of the latter's blockchain-based platform. Afternoon Coffee: your source for procurement and supply chain news.

Google, Facebook, Amazon to testify on France tax; Tipalti grows transaction numbers; Rail shipping losing to trucking

The 'Big Three' tech firms were among the companies that will testify Monday at a U.S. government hearing on the French government’s digital services tax. Tipalti, which has a global payables automation platform, announced today that it has exceeded $8 billion in annual transactions. And the new U.S. Domestic Intermodal Savings Index produced by IHS Markit’s JOC shows that railroads had suffered further erosion of their price advantage in domestic intermodal shipping compared to trucking in the second quarter. Afternoon Coffee: your procurement and supply chain news source.

China tariffs on ‘certain’ items delayed til Dec. 15; Field Nation launches multi-site work orders

The United States Trade Representative (USTR) said “it will delay 10% tariffs on ‘certain articles’ from China, originally slated to take effect Sept. 1, to Dec. 15,” according to Supply Chain Dive. Field Nation is on a crusade against duplicate data entry by looking to streamline workflow and releasing multi-site work orders. And HP laptop maker Inventec Corp. said it would be moving its manufacturing base for U.S. laptops out of China. Afternoon Coffee: your source for procurement and supply chain news.

Goldman Sachs fears recession due to U.S.-China trade war; Large domestic wind power project delayed

Goldman Sachs Group Inc. said fears of a recession have increased following the U.S.-China trade war, reports Reuters. Vineyard Wind has reacted to the Trump administration's delay in granting a key permit for the first major U.S. offshore wind farm, saying it was surprised and disappointed. And transport and logistics provider XPO Logistics, Inc. has been awarded a multi-year contract renewal by Arco, the UK's largest supplier of safety equipment, workwear and safety services. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Fiverr reports rapid growth; Seal Software joins SAP App Center; Beyond Meat a no go in Japan; La-Z-Boy to close plant

The online freelancer marketplace Fiverr, which released its Q2 2019 financials this week, reported continuing high top-line growth. Q2 2019 revenue came in at $25.9 million, an increase of 41% over Q2 2018. Seal Software announced that SAP users can use its contract solution now that Seal is on the SAP App Center. Supercomputer maker Cray gets an Air Force contract. La-Z-Boy is optimizing its supply chain. Afternoon Coffee: A jolt of news for procurement and supply chain professionals.

Afternoon Coffee: Upwork reports second-quarter growth; China imports oil from Iran despite U.S. sanctions; Huawei ban update

Get an update on Upwork's second-quarter financial results, and learn more about China's oil imports from Iran as well as more information about the U.S. restrictions on Huawei telecommunications. Also, take a look at how an organic grocer is upgrading its supply chain. Afternoon Coffee brings you the latest news about procurement and supply chains.

As colleges restart, so too does ASCM’s supply chain competition for students

The 2020 ASCM Case Competition, previously called the APICS Case Competition, is an event that allows student teams to use their knowledge of supply chains to solve real-world business problems. It is hosted by the Association of Supply Chain Management, which evolved from APICS, and Deloitte, the consulting firm that helps companies combine supply chain initiatives with business strategies. Registration opened Aug. 1. Find out the next steps for your team.

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.