Afternoon Coffee: Palm oil, labor abuse, top brands; Do you have a 360-degree view of your suppliers?; JPMorgan Chase to pay $920M settlement in metals price manipulation

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In today’s headlines, the Associated Press investigated the connection of palm oil plantations and labor abuses to some of the world’s largest banks and brands. In other news, Jaggaer is hosting a webinar next week where Spend Matters’ analyst Magnus Bergfors will lead a panel discussing the management of supplier risk and corporate social responsibility. Also, JPMorgan Chase made a $920 million settlement over misconduct related to precious-metals prices and Treasury markets. Afternoon Coffee brings you the latest in procurement and supply chain news.

10 Theories on Procurement Technology Venture Stage Investment (Thesis 6: Supplier Collaboration: Goodbye Tinder, Hello eHarmony)

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In a series of columns this year, I’ll share 10 theories that I believe will drive investments in earlier-stage (angel/seed and Series A/B) start-ups in the procurement technology market. For perspective, Thesis 1 looked at automation and vendors in that space. Thesis 2 looked at providers of marketplace solutions. Thesis 3 looked at UI/UX technology and adoption in the start-up stage. Thesis 4 dug deeper into bridge solutions. Thesis 5 looked at push savings. 

Today, let’s dig deeper into the rise of supplier collaboration.

Business Intelligence to Transform Procurement