In Case You Missed It … Procurement and Supply News 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.

10 Theories on Procurement Technology Venture Stage Investment 

Jason Busch begins his series of columns (scheduled throughout the rest of this summer) where he shares 10 theories that he believes will drive investments in earlier-stage (angel/seed and Series A/B) start-ups in the procurement technology market. The first starts with automation, as a stand-alone criteria for technology investment, and gives examples of seed and venture-stage companies that illustrate this. Read the first here.  The second is on B2B marketplaces, read that here. And the third, just released, is on user interface technology in the start-up stage, read that here.

Upwork’s Q2 2020 financial results demonstrate resilience amid COVID-19

Analyst Andrew Karpie considers Upwork’s Q2 2020 financial results. The online freelancer marketplace and workforce solution provider’s results reflect that the company has shown resilience in the COVID-19 pandemic to date and that management views the current shift to remote work and the need for a more flexible workforce as positive leading indicators for the business. But investors appeared to be less optimistic, he says. Read why here.

“Summer Time, and the Living Is (not so) Easy” … risk report 2020

riskmethods has just produced its ‘2020 Risk Report: The Year That Changed Everything.’ In this latest report it compares supply chain risk in 2019 with the new threats we’re experiencing this year, and uses its Risk Intelligence data to show how quickly risk management priorities can go up or down. It highlights the top 10 supply chain threats, which business risk categories rose and fell, how supply chain risk evolved month by month in 2020. Read more here.

Structuring T&Cs in your new contracts and renewals

Danske Bank discusses the legal implications of the coronavirus crisis for supplier contracts, including how you can structure the terms and conditions of your new contracts and renewals, to ensure you don’t find yourself in a difficult position again, and how you can assess the scope for protection in existing contracts, including force majeure clauses. Read more here.

In other news ...

CHAMPS GPO collaborates with Procurement Partners to launch SAAS procure-to-pay platform

PPE chaos: Desperate NHS trusts’ race to secure lifesaving PPE from unproven suppliers amid catastrophic distribution failures

EcoVadis: Procurement's sustainability track record getting worse

Israeli Aleph leads $5 million seed round in smart procurement platform Approve

Four Dimensions for Measuring Digital Progress in Purchase-to-Pay, Determine report

FINSYNC Launches Cooperative Structure to Help Community-Based Financial Institutions compete

Boosting profitability through better category management – new report from Barkers 

Porsche AG expands relationship with Icertis to implement high performance contract management

GEP recognized as key solution provider by Ardent Partners in forward-looking assessment

Coca-Cola partner details blockchain plan to aid supply chain

Global CEOs and CFOs see climate change risks but feel unprepared to handle them, survey finds

Fiverr’s Q2 2020 financial results soar, driven by coronavirus freelance activity and other factors

Turkey hedges its bets by positioning as a supply chain alternative to China


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