General News Content

Afternoon Coffee: U.S. consumer price index rises; 2 companies scramble to meet demand for rapid COVID-19 test; Lowe’s invests in omnichannel supply chain

In today's headlines, the U.S. economy looks to be on a good path after the consumer price index rose last month. In other news, two companies are struggling to meet the demand for a rapid-response COVID-19 antigen test. Also, Lowe's made a $1.7 billion investment to enhance its supply chain to have two-day delivery for all customers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Google to finalize SAP Ariba implementation; U.S. re-imposes tariff on Canadian aluminum; payments firm Stripe hires GM exec; COVID-19 relief plan confuses employers

In today's headlines, Google is set to finalize its transition to the SAP Ariba Network this month. Also, the U.S. re-imposed a tariff on Canadian aluminum, raising concerns about the steel tariff. In other news, payments giant Stripe hired General Motors' CFO. Finally, President Donald Trump's executive order for COVID-19 economic relief raises tax payroll questions for employers. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Shipping disruptions following Beirut blast; Kodak probe halts pharma supply chain contract; artificial intelligence to improve shipping times for consumers?

In today's headlines, the Beirut explosion affected deliveries to Lebanon and shipping lines in the Mediterranean region. In other news, Kodak's federal supply chain contract for developing certain drugs within the U.S. was put on hold after concerns about insider trading were raised. Also, logistics companies may begin using preemptive logistics using AI to speed up the supply chain — by predicting demand before a PO is issued. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Concerns over U.S. reliance on overseas drug manufacturing; EU investigating Google’s bid for Fitbit; hackathon to address supply chain amid COVID-19

In today's headlines, the Wall Street Journal focuses on concerns about the U.S. reliance on China and other countries for drug manufacturing. The Trump administration also issued an executive order to enhance U.S. pharmaceutical manufacturing. In other news, the European Union opened an investigation of Google’s plan to buy Fitbit. Finally, the information standards organization GS1 US is planning a virtual hackathon to test supply chain resiliency in light of COVID-19. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. services sector improves again; Canada stresses support for global supply chains during COVID-19; Virgin Galactic and Rolls-Royce partner on space tourism

Amid the coronavirus disruption, economic news from ISM shows that the services sector has grown again. In other news, a Canadian official discusses the need to support global supply chains during COVID-19 with his U.S. and British counterparts. Also, supersonic travel became closer with a Virgin Galactic and Rolls-Royce partnership to develop a new aircraft. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Coca-Cola partner details blockchain plan to aid supply chain; Tropical storm rakes East Coast; NGC lands digital supply chain deal with retailer

Coke One North America (CONA), a partner of Coca-Cola’s largest U.S. bottling company, detailed how it will use blockchain to increase efficiency in the beverage company’s supply chain. In other news, Tropical Storm Isaias trekked up the East Coast, threatening road and sea freight movement. Also, New Generation Computing (NGC) announced a deal with the apparel maker Weismann to use NGC's supply chain management solution. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Manufacturing sector growing despite coronavirus, PMI shows; Ford switching CEOs; Clorox supply chain lags on disinfectant wipes; N.C. State needs input on data quality

Amid the ongoing coronavirus disruption, economic activity in the manufacturing industry grew in July. The PMI increased to 54.2%, according to ISM's report. In other news, Ford is swapping out CEOs as the automaker faces an $11 billion restructuring effort. And Clorox says its supply chain can't keep up with the demand for disinfectant wipes. Also, N.C. State is seeking supply chain and procurement practitioners to take its survey on data governance and quality. Afternoon Coffee brings you the latest in procurement and supply chain news.

Online marketplace Fiverr now worth over $3 billion

The share price of Fiverr, the online freelancer service marketplace, reached $91.39 at the end of Wednesday’s trading session. At that price, the company (which went public in mid-June 2019) was valued at $3.21 billion, for a revenue multiple of about 10X, based on our scratch pad 2020 revenue projection.

Afternoon Coffee: GEP adds AI-backed AP automation solution; Procurement Spark is job board for practitioners; the electric ‘Tesla Semi’ in Texas

GEP adds an AP automation solution to its source-to-pay suite of offerings. In other news, knowing where the jobs are these days is vital, and Procurement Spark and Supply Chain Spark are two new job boards for practitioners. Also, Tesla confirms that Texas has won the production plant for the new Tesla Semi truck, as well as production of other vehicles at the planned Austin factory. Afternoon Coffee brings you the latest in procurement and supply chain news.