In today’s headlines, new research from Proxima shows that reducing supplier expenses is a better way to cut costs than trimming your workforce, ultimately benefitting a company’s earnings. In other news, a U.S. federal judge blocked the Trump administration’s ban of TikTok while it waits for approval of a pending deal for Oracle and Walmart to buy a stake in the company. Also, a judge in London restored Uber’s transportation license after it met a standard of safety measures. Afternoon Coffee brings you the latest in procurement and supply chain news.

Last week, Digital Procurement World (DPW) hosted its second annual DEMO event, which highlighted nine innovative start-ups in procurement technology. All nine presented their solution ideas to a panel of judges, and three were named winners. The start-ups represented different emerging elements in the space today — hospitality, tail spend management, logistics, sustainability, spare parts sourcing, machine learning, supplier relationship management, among others.