Afternoon Coffee: Shutdown Strains Supply Chains; EU Offers Narrow Response in U.S. Trade Talks Stock

The government shutdown is the longest in U.S. history, but what it means in the present is that U.S. agencies that oversee the flow of goods maybe cutting back to the point of affecting supply chains, The Wall Street Journal reports. Trade talks with the European Union heated up Friday with the EU offering a plan. It is considered narrow and may not defuse tensions between the two, the WSJ reports. Afternoon Coffee brings you the latest in procurement and supply chain news.

Scanmarket Sells 90% of the Strategic Sourcing Vendor to Verdane

Global Risk Management Solutions (GRMS) Victoria/Adobe Stock

Scanmarket, a strategic e-sourcing provider, announced it has sold a 90% stake in its source-to-contract (S2C) company to private equity firm Verdane. The founders of Scanmarket, CEO Betina Nygaard and CCO Ole Nielsen, will retain a 10% share and continue to lead development at the Denmark-based software firm, according to the announcement. Spend Matters lead analyst Michael Lamoureux said the company has “a lot of potential, and a track record to back it up.”

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