In Case You Missed It … Procurement and Supply Market Roundup

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed.

Chemicals & Plastics: Global Market Outlook

It is critical for purchasing professionals to understand supply and demand of the products they buy, so they can advise their business stakeholders of both opportunities (lower cost) and threats (supply disruption). In this article, Paulo Moretti, Principal at PM2Consult.com, experts in Chemicals & Plastics industry analysis, and ex-Dow Chemical Company, compiles global market data for Chemicals & Plastics with regional details for installed capacity, operating rates, current (2018) and future (2023) demand and growth rates. The analysis aims to help category managers select the suppliers that best fit long-term needs and identify opportunity for lower-cost materials. Read that here.

2020 Procurement Predicaments and Predictions — Series Wrap-Up Part 1

Chief research officer Pierre Mitchell rounds up the analyst series on Procurement Predicaments, which looked at six procurement technology areas, their issues and what we might see to fix them in the coming year. You can read the discussion of problems in each of those categories in the analysts’ non-subscription posts here. In part one of his wrap-up (Pro subscription) Pierre recaps the predicaments and addresses some of the foundational platform elements and broader market shifts that are happening. Read that here.

Currencycloud secures $80m strategic funding

UK B2B cross-border payments fintech Currencycloud announced it has secured $80m in funding, with a lot of heavyweight strategic investors, including Visa, BNP Paribas, World Bank Group and Siam Commercial Bank, who all view Currencycloud’s innovative approach to international payments as a key way to stay competitive in the years ahead. There is also strong PE funding from Sapphire, Google Ventures and Softbank’s investment arm (SBI). Read more here.

 

And in other news …

Basware Enhances Procurement Solution, Customizes Interface for Distinct User Types

Payments services provider Adyen has been chosen by fast food outlet Subway as its payments partner for North America

Accenture cybersecurity report sees risks from hacker groups and vulnerabilities in supply chains

Vodafone: procurement transformation success story with real-time analytics

Icertis Named Clear Front-Runner in CLM Ranking by Global Advisory and Consulting Firm

Genpact to drive process efficiencies by implementing robotics, advanced technologies, and predictive insights for KONE's digital transformation

Simfoni Raises $3M to Accelerate US Expansion of Its Spend Analytics and Spend Automation Platform

Crown Commercial Service publishes plan to create dynamic purchasing system framework for the use of AI systems in public sector

Medtronic launches Efficio software to help clinicians efficiently manage targeted drug delivery therapy with SynchroMed II

 

Don't forget:

To be considered for Spend Matters’ annual ‘50 Providers to Know’ and ‘50 Providers to Watch’ solution provider lists - the most comprehensive, free-to-access, directory of procurement and supply chain solution providers - your company must have an up-to-date Spend Matters Almanac listing, The lists will be released in April and we have extended the deadline for you to create or update your entry to February 21st.

And

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