General News Content

Afternoon Coffee: Global supply chains disrupted by changing consumer habits; PRO Unlimited, Eightfold AI partner for contingent workforce diversity; Jaggaer, TransferMate team up for quick payments

In today's headlines, global supply chains are facing new disarray with changing consumer needs, with more Americans importing goods. In contingent workforce news, PRO Unlimited and Eightfold AI announced a partnership that will aim to enable better hiring practices. Also, Jaggaer and Transfermate announced a partnership allowing for quick B2B payments. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: For ‘Buy American’ campaign, Biden targets federal procurement; SAP Concur adds 2 partner solutions; Tradeshift data shows supply chain recovery, but sluggish UK

In today's headlines, President Joe Biden is going to sign an executive order today placing new rules around government procurement practices, emphasizing his Buy American ideals. In other news, SAP Concur announced expansions in two solutions — Concur Tax Assurance by VATBox and Concur Detect by Oversight. Also, Tradeshift data showed that supply chains are reaching recovery. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: T&E data specialist TripActions raises $155 million; PRO recap: Ravacan, CW/S technology in 2021, GEP budget-to-pay

In today's headlines, TripActions, an AI-enabled T&E spend management platform, secured a $155 million round of funding. In other news, the New York Times looks at the promise of public-private partnerships to solve the financial concerns of the government. Also, Spend Matters' PRO analysts looked at the direct spend provider Ravacan, the contingent workforce/services market in 2021, and GEP's budget-to-pay solution in coverage this week. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: New unemployment claims taper, but still high; AppZen to host finance web summit; Starbucks to help Washington in vaccine distribution

In today's headlines, weekly unemployment claims fell slightly but remained historically high, at 900,000 new filings. In other news, the spend auditing provider AppZen is hosting a two-day virtual summit for finance professionals looking to learn more about digital transformation. Also, an unlikely resource is coming to aid Washington state in its vaccine distribution efforts: Starbucks. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Joe Biden becomes 46th US president; Spike in frontline e-commerce hiring; SolarWinds hack leads to critical eye on supply chain

In today's headlines, Joe Biden and Kamala Harris were sworn in as president and vice president of the United States — amid a flurry of challenges and crises. In other news, reports show that frontline e-commerce roles grew 73% as online sales boomed last year. Also, the recent SolarWinds hack has supply chain leaders analyzing the role of third-party networks. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: SAP adds new leaders for marketing, customer success; Globality secures $138.3 million investment; Utmost gets moving in 2020

In today's headlines, SAP hired two new executives to rethink their marketing and customer success efforts. In other news, strategic sourcing provider Globality received a $138.3 million investment. Also, Utmost said it is making moves in the contingent workforce space with new customers and growth. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trump administration revokes Huawei supplier licenses; FEMA convenes N95 makers; WHO director fears unequitable distribution of COVID vaccine

In today's headlines, the Trump administration is revoking licenses for some suppliers of the global telecommunications company Huawei from China. In other news, FEMA brought together the biggest makers of N95 masks to share information and protect against antitrust claims. Also, the World Health Organization's director general raised alarms about inequitable distribution of vaccines between the poorest and richest countries. Afternoon Coffee brings you the latest in procurement and supply chain news.

$1.6 million no-bid computer deal for Chicago Public Schools raises issue of proper procurement amid COVID crisis

CPS computer deal

Procurement standards and processes obviously needed a layer of flexibility during the emergency coronavirus lockdowns last spring. But how flexible is too flexible, and where do governments need to draw the line to maintain open, honest and transparent buying processes when dealing with taxpayers’ money or emergency funding?

A procurement story with Chicago Public Schools seeking computers for remote learning highlights the point.

Afternoon Coffee: US retail sales fall despite holiday shopping season; Ironclad secures $100 million in funding; PRO recap: Marketboomer, Prewave and AP Automation

In today's headlines, US retail sales fell 0.7% despite the holiday shopping season. In other news, contract lifecycle management specialist Ironclad received $100 million in funding. Also, Spend Matters PRO analysts looked at Marketboomer, Prewave and AP automation this week. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: New unemployment claims soar; Payments firm Stripe ends deal with Trump campaign; Google addresses data privacy as it finalizes Fitbit acquisition

In today's headlines, the US Labor Department reported that new unemployment claims soared to 965,000 last week. In other news, sources close to the payments firm Stripe said it will no longer process payments and campaign donations to President Donald Trump's campaign website. Also, Google finalized its acquisition of Fitbit after months of deliberation and concern about health-data privacy. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Visa acquisition of Plaid is canceled; The Smart Cube updates Amplifi PRO platform; Agiloft hires new chief product officer

In today's headlines, an attempted acquisition of the fintech offering Plaid by Visa was officially canceled after a yearlong effort. In other news, The Smart Cube released a new version of its on-demand digital procurement intelligence platform, Amplifi PRO. Also, Agiloft hired Andy Wishart, formerly of Thomson Reuters, as its new chief product officer. Afternoon Coffee brings you the latest in procurement and supply chain news.

PayPal’s flywheel forces merchants’ hands for B2B, B2C payments

paypal

With its monstrous success, PayPal has developed a network effect with excessive fees and policy practices, despite increasing competition in the cross-border and digital wallet space — with competitors like Veem (see coverage here), XTRM (see coverage here) or TransferWise.

Read about four areas of concern.