General News Content

Afternoon Coffee: Construction of offshore wind farm approved; Manufacturers have hard time filling positions; Fuel supply on East Coast low while pipeline stays shut down

In today's headlines, the Biden administration approved a plan for an offshore wind turbine farm, which can help power 400,000 homes with electricity. In other news, a new Deloitte report showed that manufacturers had trouble filling 46% of open manufacturing roles. Also, fuel supply on the East Coast is low while the Colonial Pipeline stays shut down after a hack. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Deloitte, Coupa and Spend Matters to host agility webinar; Apple suppliers linked to forced labor; US approves Pfizer vaccine for some kids

In today's headlines, Coupa, Deloitte and Spend Matters are hosting a webinar this Thursday to discuss agility in procurement. In other news, seven of Apple's largest suppliers were connected to forced labor issues of Uyghur Muslims. Also, the US approves the use of the Pfizer coronavirus vaccine for children age 12 to 15. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Colonial Pipeline cyberattack disrupts major US fuel line; Peloton logistics issues are heightened by treadmill recall; Garden gnome shortage

In today's headlines, a ransomware cyberattack on the East Coast's Colonial Pipeline over the weekend disrupted one of the biggest fuel lines in the US. In other news, many recent Peloton logistics issues have been heightened with the recall of its treadmills. Also, there is now a shortage in garden gnomes because of supply chain issues.. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Hiring slows down, unemployment ticks up; Services PMI registers 11th straight month of growth; PRO recap: IntegrityNext, mistakes in integration, graphiteConnect

In today's headlines, American employers added just 266,000 jobs last month, and the unemployment rate rose slightly to 6.1% in the latest April jobs report. In other news, the services PMI — formerly known as the Non-Manufacturing NMI — registered 62.7% last month, down a point but still indicating robust growth. In Spend Matters' PRO coverage this week, our analysts delved into IntegrityNext, the biggest mistakes in post-merger technology integration and graphiteConnect. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Avetta acquires Pegasus; Per Angusta has integration with SAP Ariba; Procurant partners with Merchants Distributors

In today's headlines, Avetta announced that it acquired Pegasus, a worker-competency management software and service system. In other news, France-based procurement performance technology provider Per Angusta announced an integration with SAP Ariba. Also, Procurant partnered with Merchants Distributors for the perishable goods supply chain. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Biden blocks Trump-era regulation for gig workers; Basware adds supplier diversity data; White House won’t invoke Defense Production Act for semiconductors

In today's headlines, the Biden administration and Labor Department are blocking a Trump-era regulation that would have made it easier to classify gig workers as independent contractors. In other news, P2P and financial management firm Basware added diversity metrics to its supplier management platform. Also, it's likely that the White House won’t invoke the Defense Production Act to deal with the semiconductor shortage. Afternoon Coffee brings you the latest in procurement and supply chain news.

Proactis to be acquired by Pollen Street Capital

Pollen Street Capital

Pollen Street Capital — a London-based, independent and alternative investment management firm — has reached an agreement to buy Proactis Holdings for nearly $98 million.

Proactis is a specialist source-to-pay software provider based in Northern England with an international presence, including in the UK, US, France, Germany and the Netherlands, and about 1,100 customers.

Alan Aubrey, chairman of Proactis, said: "As a result of the acquisition, we believe Proactis will be both nimbler in executing its strategy and able to build a business capable of sustainable longer-term growth."

Proactis has been in play for a couple of years. Click the link to see Spend Matters analysis of Proactis' prospects.

Utmost raises $21 million to expand its Workday-centric extended workforce system/VMS

Utmost, an extended workforce system and VMS provider with native integration to Workday, announced a $21 million Series B round of funding. The round was led by Mosaic Ventures with participation by existing investors, Greylock Partners and Workday Ventures, and by new investors, Acadian Ventures and Alumni Ventures Group. The new funds “will accelerate product innovation and expand Utmost’s presence across North America and Europe,” the announcement said.

Afternoon Coffee: Auto makers inch away from just in time supply model; Sovos acquires Acepta; Consumer trends lead D2C channels to overhaul supply chains

In today's headlines, auto makers are retreating from the "just in time" supply mindset, the biggest shift in half a century. In other news, Sovos — a global tax software solution — acquired a digital certificate solution Acepta. Also, consumer trends are shifting supply chains for direct-to-consumer channels. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: April PMI shows 11th straight month of manufacturing growth; Hackers target coronavirus vaccine distribution; Apple, Epic Games/Fortnite go to court in antitrust case

In today's headlines, the manufacturing PMI number registered 60.7% for April, indicating the 11th consecutive month of growth. In other news, hackers attempted to breach the COVID-19 vaccine cold chain distribution. Also, Apple and Epic Games are headed to federal court today to discuss an antitrust lawsuit. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Project44 expands shipment tracking to China; Global procurement buyers increasingly look to Vietnam, India for sourcing; PRO recap: Bid Ops, Tipalti, Hot List

In today's headlines, project44, a transportation visibility solution provider, announced an expansion into China and elsewhere in Asia. In other news, global procurement buyers are increasingly looking to Vietnam and India as alternative sourcing locations to China. In Spend Matters' PRO coverage, our analysts looked at Bid Ops, Tipalti and the contingent workforce Hot List. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Walmart expands early payments for diverse suppliers; US economy grows at 6.4% rate; Amadeus releases business travel expense report

In today's headlines, Walmart and Sam's Club expanded their early payments for diverse suppliers. In other news, the US economy grew at a 6.4% rate in Q1 2021 with even higher expectations for the second quarter. Also, Amadeus released a travel expense report showing how companies can improve their expenses associated with business travel. Afternoon Coffee brings you the latest in procurement and supply chain news.