CFTC orders Kraft, Mondelez to pay up; UPS moves on self-driving trucks; China increases soybean imports from Brazil

The U.S. Commodity Futures Trading Commission (CFTC) ruled that Kraft Heinz Co. and Mondelez International Inc. will have to pay a $16 million penalty in an old wheat manipulation case. ICYMI, Spend Matters' Andrew Karpie covers VMSA West on the Pacific Coast and Jason Busch drills down into Proactis amid a takeover bid for the UK spend management provider. And TechCrunch reports that UPS picked up a minority stake in TuSimple, a self-driving truck startup. Afternoon Coffee: starting up your weekend early with the latest procurement and supply chain news.

VMSA West — A Breath of Fresh Air for Contingent Workforce Conferences

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This week, on Aug. 14 and 15, I had the opportunity to attend the VMSA West conference held right on the coast in beautiful Half Moon Bay, California. This was the first conference on the West Coast for VMSA, which wanted to create a contingent workforce event more accessible to businesses on this side of the country (the annual flagship conference VMSA Live is held annually in Florida). About 130 ecosystem professionals (a balanced mix of buy-side, MSP, supplier and other providers) met in an intimate setting to breathe, explore topics and learn from one another.

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