General News Content

Afternoon Coffee: Apple Inc mulls shifting suppliers out of China; ASCM’s new supply chain ethics standards

in light of the ongoing trade war between the U.S. and China, Apple asked some of its major suppliers to calculate the cost of moving 15% to 30% of its supply chain from China to Southeast Asia. The Association for Supply Chain Management (ASCM) has put out newly drafted standards to help customers better understand the ethical, ecological and economic aspects of their supply chains. And a new artificial intelligence supply chain solution helps not only predict but manage the shortage in the supply of drugs, inflation and reimbursements. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: MBO Partners’ latest look at U.S. gig economy; Hackett Group reveals procurement investment priorities

A new report by the Hackett Group has revealed that procurement organizations were prioritizing the transformation of digital technologies in specific areas. MBO Partners published its 9th annual “State of Independence” report, representing the longest-running study of the independent workforce in the U.S. And Sen. Mark Warner of Virginia warns against China cyber threats. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Intel reviewing global supply chain; Huawei saga continues

Intel Corp. is taking another look at its global supply chain in the wake of the tariff war between the U.S. and China. American chip suppliers to Huawei have been quietly lobbying with the U.S. government to lift the ban. And Noble Supply and Logistics has received a $90 million contract with the Defense Logistics Agency. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Fiverr’s post-IPO share price bump; Walmart, other companies urge Trump to solve trade crisis

With share prices nearly doubling by the end of the first day of trading, Fiverr's IPO looked to be off to quite a start. Walmart Inc., Target Corp. and over 600 other companies have written to President Donald Trump to resolve the trade dispute with China. And on the heels of Gap and H&M, Ralph Lauren has also committed to a sourcing goal for sustainable cotton. Afternoon Coffee: your source for procurement and supply chain news.

Fiverr IPO launches at $21, and share price nearly doubles

procurement

Fiverr (NYSE: FVRR), the online marketplace for digital creative services, priced its 5.3 million IPO shares Wednesday night at $21 per, raising about $111 million in new funding. On Thursday morning, shares began trading at $26, but when the market closed in the afternoon, Fiverr’s share price had risen to $39.96 (nearly doubling). Based on the closing price per share and an estimated 31 million shares outstanding, Fiverr’s market cap would be about $1.2 billion, or 16 times revenue.

We will provide further analytic post-IPO coverage soon. In the meantime, check out our recent PRO series: Fiverr, the Online Services Marketplace, Is Going Public: What You Need to Know — Part 1 and Part 2.

Afternoon Coffee: Huawei ban to hit suppliers; Walmart to fully integrate Jet.com

Ratings agency S&P has forecast that the U.S. ban on Huawei was more likely to hit U.S. suppliers to Huawei than telecom companies. Top company executives said plant-based burger maker Beyond Meat's supply chain was ready for fast-food volumes. And Walmart is finally taking the steps necessary to fully integrate Jet.com into its own retail business, over two years after it bought the e-commerce platform. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: What FedEx, Amazon Split Means for Logistics Industry; Ford Opens Research Center in Israel

The dust continues to settle on FedEx’s severing of its domestic air-package delivery contract with Amazon, leaving analysts asking what the implications are for the future of logistics. Experts and analysts are of the opinion that the current trade tariff war between the U.S. and China may see changes happening in the supply chain for robotics manufacturers. And wanting to take advantage of that country's vibrant tech sector, automaker Ford Motor Co. has set up a research center in Tel Aviv, Israel. Afternoon Coffee: bringing you the latest in automotive history's ironies (and other procurement and supply chain news).

Afternoon Coffee: Salesforce Buying Tableau Software; Target Working on Blockchain Solution

CRM giant Salesforce is buying Tableau Software, a provider of user-friendly data visualization tools, for $15.7 billion, according to the AP. Target has been putting in place a blockchain-powered solution for supply chain management named "ConsenSource." And DHL Express recently celebrated its 50th birthday. Afternoon Coffee: bringing you the latest procurement and supply chain news.

Afternoon Coffee: United Technologies, Raytheon to merge; SoCal ports on front lines of China trade war

In one of the biggest mergers in U.S. history, United Technologies Corp. and U.S. contractor Raytheon Co. will come together to create a new company estimated at $121 billion. The ongoing tariff war between the U.S. and China has thrown operations at the twin ports of Los Angeles and Long Beach into a barely controlled chaos. And the CEO of Proterra Inc. has gone on record saying that it was all but inevitable that zero-emissions buses would soon be crisscrossing American roads. Afternoon Coffee: crisscrossing the world (via the interwebs) to bring you the latest in procurement and supply chain news.

‘Is Complexity Mastery THE Top Skill for CPOs?’ Deloitte’s 2019 CPO Survey Asks as It Closes This Week

If higher complexity firms are actually performing better than lower complexity firms, how are they doing it? Wouldn’t it be good to know what they’re doing differently?

This is one of the primary goals of Deloitte’s new annual CPO study, which Spend Matters helped Deloitte design to support this complexity management theme (as well as themes around digital, talent and supply chain). It focuses on the complexity that CPOs and their teams are facing, and also examines their complexity management capabilities (especially digitally enabled ones), and their resulting performance. It also looks at plans in these areas so that CPOs can benchmark with each other and see who’s “voting with their dollars” on what areas.

Take the survey here. It will be open through Thursday.

Afternoon Coffee: Trade war weighs on U.S. growth; Ivalua’s contract with NYC examined by expert procurement analysts

Bloomberg reports that "U.S. employers added the fewest workers in three months and wage gains cooled,” as the Trump administration's trade policies have likely affected continued economic growth. In our Commodities Roundup this Friday, MetalMiner editor Fouad Egbaria examines the copper market surplus, innovations in the solar sector using tin, and the oil price decline, among other news items. And Spend Matters Chief Research Officer Pierre Mitchell examines a flawed, misleading watchdog report on Ivalua's contract with New York City government agencies. Afternoon Coffee: your source for procurement and supply chain news.

Commodities Roundup: Copper Surplus, Baowu Steel, and Oil Price Slides

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. MetalMiner, a sister site of ours, scours the landscape for what matters. This week: Copper sees a surplus, Chinese steel company Baowu may buy a stake in its rival, gold shines and oil prices on the decline.