General News Content

Afternoon Coffee: Consumers hesitant about returning to public activities; UK releasing COVID-19 tracking app; Ex-Green Beret arrested in Ghosn escape

A poll has found that many Americans are hesitant to return to pre-coronavirus public activities, potentially slowing economic recovery efforts. Also, the UK is successfully testing a coronavirus tracking app and plans to release it on June 1. In other news, a former American Green Beret solider, his son and a U.S. citizen were arrested this week for allegedly helping former Nissan boss Carlos Ghosn escape from Japan in December. And, GM is reopening facilities in Mexico after the plants were closed for weeks due to the coronavirus. Finally, SoftBank is selling off 5% of its telecom unit as part of an effort to support its shares. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: UK removing tariffs for supply chains; Apple & Google announce COVID-19 app partnership; Riskmethods targets long-term resiliency

The UK will remove $37 billion in tariffs aimed at supporting post-Brexit manufacturing supply chains at the start of next year. In other news, Apple and Google have jointly released smartphone app technology to help track potential coronavirus exposure. Also, the risk management platform riskmethods has released a framework as part of its Supply Chain Continuity Program that will help businesses plan for stabilizing operations and plan long-term resiliency amid the coronavirus crisis. And, Ford has had a rocky start at two U.S. assembly plants just days after reopening them from coronavirus-related closures. Finally, ports in the Gulf of Mexico and the southeastern U.S. may face a rough hurricane season as they recover from low shipping volumes during the pandemic. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: OPEC’s supply cuts rally prices; Google stops building AI tools for energy sector; Amazon reopens French warehouses

OPEC has said that supply cuts made to offset plunging demand have been well received by the oil market. In other news, Google has announced that it will stop building AI tools for oil and gas companies moving forward. Also, Amazon warehouses in France are reopening after being closed for weeks due to a French court order. And, the trucking industry in the U.S. is beginning to see an increase in movement as stay-at-home orders expire across the country. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Global economy may not rebound till 2023; Procurement execs not confident in supplier data, Tealbook finds; FedEx-Microsoft partnership

The IMF has predicted that the global economy won't return to pre-coronavirus levels until 2023. In other news, a Tealbook survey reveals that a majority of procurement executives lack confidence in their supplier data. And, FedEx and Microsoft have partnered to allow customers to track parcels in "near real time." Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: SoftBank’s Vision Fund loses $18 billion; U.S. may offer incentives for moving supply chains out of China; Catch up with European vendors on ’50/50′ lists

Japanese investment firm SoftBank has posted an $18 billion loss to its Vision Fund investment portfolio. In other news, the U.S. government may begin offering incentives to American companies that move their supply chains out of China. Also, China says that U.S. rules targeting tech giant Huawei's ability to access U.S. chip technology may hurt the global supply chain. And, Spend Matters Europe is posting further observations into European vendors that made the 2020 "50 Procurement Providers to Know" list. You can check out profiles on Rosslyn Data Technologies, Celonis and Per Angusta today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Many RPA projects fail, report says; Manufacturers plan to reshore production; Grounded passenger planes bottleneck shipping

Executives say that complexity is the reason why many RPA projects fail, but more robotic process automation needs to be done. In other news, a survey of U.S. manufacturers found a majority plan to reshore their production and sourcing to North America following disruptions caused by the coronavirus. Also, European Union nations are showing signs of economic damage from the coronavirus. And passenger flights have dropped by 95% over the last couple of months, severely disrupting global shipping. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.N. forecasts global economy to shrink 3.2%; Mexico to restart manufacturing as some cite U.S. pressure; Cargill expands anti-child labor programs for cocoa farms

Because of the coronavirus disruption, the U.N. has predicted that the global economy will shrink by 3.2% this year and could contract by almost 5% if a second wave hits. Also, Mexico will begin reopening some of its industrial plants next week amid concerns of pressure by U.S. officials to restart supply chains. In other news, grocery prices rose in April, which was the largest one-month increase in almost 50 years. And, the agribusiness giant Cargill is expanding programs aimed at mitigating child labor in the cocoa industry. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spend Matters opens the ‘TAP’ at SIG’s Procurement Technology Summit

This week at the Sourcing Industry Group’s Procurement Technology Summit, Spend Matters Chief Research Officer Pierre Mitchell and Founder Jason Busch led a SIG session titled “Creating Your Procurement Technology Action Plan (TAP).”

The theme of the session was that procurement should have a “TAP” that focuses on the demand side (linking the TAP tightly to stakeholder requirements), the supply side (i.e., out to the procurement technology and services markets) and then bring those elements together to drive change and deliver value.

Read the details and a Q&A too.

Afternoon Coffee: SirionLabs raises $44M in funding; SIG Summit vendor videos; Container demand expected to drop 25%; Warehouse capacity contracted in April

The enterprise CLM provider SirionLabs has raised $44 million in a round of funding to expand its services. Read Spend Matters' PRO analysis of how SirionLabs is ascending to the top of the CLM market and reshaping the landscape for contracts solution providers. Also, the world's largest shipping company expects container demand to drop by up to 25% in the second quarter. And, the Logistics Managers’ Index (LMI) shows warehouse capacity contracted in April as imports continue to arrive. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: China suspends penalties on U.S. goods; LawGeex secures $20M funding round; Catch up with the Future 5 vendors on ’50 to Watch’ list

China has suspended penalties on a variety of U.S. imports for one year. In other news, the contract review provider LawGeex has secured $20 million in funding to expand its services. Also, Spend Matters Europe has highlighted the vendors on our "Future 5" list that made it onto our "50 Procurement Providers to Watch" list for 2020. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Small businesses brace for long-term COVID-19 disruption; Automakers urged to invest in mining; Spend Matters’ Coronavirus Response series ready to help

A survey has found that a majority of small businesses expect disruptions caused by the coronavirus pandemic to affect them for at least the next year, if not longer. In other news, automakers are being urged to invest in mining projects to avoid a scarcity of metals needed to create electric vehicle batteries. Also, Spend Matters' PRO Coronavirus Response series is complete and available to help professionals in procurement, finance and supply chain organizations reduce supply chain risk during the COVID-19 crisis. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Zoom acquires security firm Keybase; Apttus merges with Conga; Amazon Freight expands across U.S.; ’50/50′ videos for Zycus, IntegrityNext

Video conferencing company Zoom has acquired security firm Keybase in an effort to boost security on the platform. Also, CLM provider Apttus has acquired and merged with CLM specialist Conga. In other news, Amazon Freight, Amazon's freight hauling service, has expanded its services to all of the lower 48 states. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out videos about Zycus and IntegrityNext today. Finally, the SBA has drastically reduced the limit on loans to small businesses in the Economic Injury Disaster Loan program and blocked most new applicants. Afternoon Coffee brings you the latest in procurement and supply chain news.