General News Content

Afternoon Coffee: Fed expects COVID economic recovery to take year or so; J&J commits $800 million to sustainable packaging; Apple bets on 5G; SIG Summit news

In today's headlines, a Fed official says the central bank's coronavirus policies have helped spur growth but the economy needs a year or so to fully recover. In other news, Johnson & Johnson puts its commitment behind the trend of sustainable packaging. Also, check out details on Apple and 5G. And the SIG Summit is ongoing, so look for coverage or check it out yourself. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: IMF sees spark in dire global economy; Jaggaer webinar targets supply chain risks; Consumer prices rise in September

In today's headlines, the International Monetary Fund estimated a 4.4% international economic drop this year. In other news, Jaggaer hosted a webinar last week providing insights on how to manage risk in suppliers. Also, the consumer-price index rose last month, leading to an increase of 1.3% for cost-of-living for Social Security recipients. Afternoon Coffee brings you the latest in procurement and supply chain news.

EC Sourcing acquires BidMode, a sourcing optimization specialist

In breaking news, EC Sourcing Group on Tuesday announced it acquired Indiana-based BidMode late in 2019 and over the last year has integrated the sourcing optimization specialist’s solutions, including for rapid bid analysis functionality, award optimization and advanced freight scenario modeling. Read more about the deal and the key players.

Afternoon Coffee: Simfoni and WTP Buynamics partner in U.S. market; How U.S. medical supply chains stumbled; Auction theory wins Nobel Prize in economics

In today's headlines, Simfoni and WTP Buynamics announced a partnership to provide should-cost modeling to procurement, bringing WTP into the U.S. market sooner than it expected. In other news, the Associated Press found that U.S. medical supply chains severely failed during the COVID-19 pandemic, exposing huge cracks in the medical supply chain. Also, the Nobel Prize for economics went to two U.S. professors who created a new auction theory. The Sourcing Industry Group will host its SIG Global Executive Summit this week. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: SAP names new leader of Ariba, Fieldglass, S/4HANA Procurement and Concur; Hurricane Delta to hit Louisiana; ProcureWise VMS goes to market; Spend Matters’ PRO recap: Contingent Workforce Hot List, Graphite Systems

In today's headlines, SAP has named John Wookey as its leader of the SAP Intelligent Spend and Business Network Group. In other news, Hurricane Delta is nearing the Louisiana shore, set to make landfall Friday evening. Also, VMS provider ProcureWise launched a new solution. In case you missed it, our analysts provided insights into the contingent workforce services industry and Graphite Systems solution for Spend Matters PRO coverage this week. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Globalization remains resilient despite COVID-19 restrictions; Coupa adds Michelle Brennan to its board; Microsoft to build data center in Greece

In today's headlines, Reuters reports that globalization has stayed resilient in the economy, despite the COVID-19 pandemic and its closing of borders. In other news, Coupa added Johnson & Johnson exec Michelle Brennan to its board of directors. Also, Microsoft plans to build three data centers around Athens, Greece, giving the country a huge boost to its economy. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trump administration overhauls foreign H-1B visa program; U.S. Bank Card integrates with SAP Concur; Sourcing Industry Group to host global procurement summit

In today's headlines, the Trump administration added new requirements to the applications of H-1B visas, affecting foreign workers especially in the technology industry. In other news, SAP Concur announced the U.S. Bank Instant Card is now integrated in Concur Expense, making employees' payments quicker. Also, the Sourcing Industry Group will host its three-day global executive summit next week to address procurement in today's world. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: B2B fintech Tipalti raises $150 million, tops $2 billion valuation; Services sector shows 4th month of growth; FedEx, Reliable Robotics partner for autonomous aircraft

In today's headlines, the B2B payments automation firm Tipalti raised $150 million in an investment, and our analyst says Tipalti is part of a trend in multibillion-dollar valuations. In other news, the services PMI — formerly known as the non-manufacturing NMI — registered 57.8% in September, indicating a fourth consecutive month of growth. Also, FedEx is partnering with Reliable Robotics to test autonomous aircraft cargo delivery. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Manufacturing expands for 5th straight month; Jaggaer’s supplier risk webinar is tomorrow; SolutionMap Fall 2020 update ranks 77 procurement technology vendors

In today's headlines, the September PMI number registered 55.4%, indicating five consecutive months of growth in the manufacturing sector. In other news, Jaggaer will host a webinar tomorrow with Spend Matters' lead analyst Magnus Bergfors asking and answering the question: Do you have a 360-degree view of your suppliers? Also, Spend Matters released its SolutionMap Fall 2020 update last week, ranking 77 procurement technology vendors. Check out the competition in our 13 tech categories, including vendors in E-Procurement, Sourcing and Spend Analytics. Afternoon Coffee brings you the latest in supply chain and procurement news.

Afternoon Coffee: Trump COVID-19 diagnosis jolts markets; Judge blocks visa ban affecting tech workers; Unemployment rate falls to 7.9%; Spend Matters PRO Recap: Agiloft, TransferMate, Economic recovery; SolutionMap Fall 2020 launches

In today's headlines, President Donald Trump tested positive for the coronavirus, leading to a frenzy on the stock market. In other news, a federal judge banned the Trump administration from blocking foreign employment visas for technology, manufacturing and other industries. Also, the unemployment rate fell to 7.9% last month in the last jobs report before the election. In case you missed it, we have a Spend Matters PRO and SolutionMap Fall 2020 recap. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: MBO Partners acquires MindSumo; Better-than-expected job growth in September; a salute to the Spend Matters Europe website

In today's headlines, workforce solution provider MBO Partners announced the acquisition of MindSumo, a crowd-based open innovation platform. In other news, private companies added a better-than-expected 749,000 jobs in September. Also, Nancy Clinton, Spend Matters' UK/Europe Publishing Director, takes a look at the highlights over the last 10 years of Spend Matters Europe coverage as the site merges with Afternoon Coffee brings you the latest in industry news, but we'll be off tomorrow as Spend Matters launches its SolutionMap Fall 2020 updated rankings of procurement technology vendors. Check back tomorrow to see the results.

Feeling pressure from fintechs, SWIFT to update its cross-border transaction capabilities

SWIFT, the Belgium-based cooperative whose money messaging services are used for cross-border transactions around the world, is feeling the heat from firms muscling in on its dominance in the field.