Author Archives: Nick Heinzmann



Afternoon Coffee: Tradeshift Adds 38 New Customers in Second Quarter, Toys R Us Settles with Suppliers

Tradeshift announced Thursday its second quarter results for 2018, noting the addition of 38 new enterprise accounts to its customer list. Shuttered retailer Toys R Us has reached a settlement with some of its supplier and creditors to create a pot of funds for claims. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Whirlpool Confronts Rising Materials Costs Amid Tariff Backlash, How Supply Chain Inefficiencies Cost the U.K. Billions

Although it lobbied for tariffs on imported washing machines in January, Whirlpool may have gotten more than it bargained for, as escalating trade disputes since then have ultimately cost the manufacturer millions due to higher materials costs. U.K.-based businesses that trade abroad waste nearly $2 billion each year. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spend Management for Real World Complexities: Internal and External Perspectives

Spend management that delivers consistent, provable bottom-line value requires solutions that go beyond a one-size-fits-all approach. As we explored in Part 1 of this series, few solutions providers can offer the breadth, depth, flexibility, domain experience and track record of success to fully address the complex finance and procurement challenges facing organizations living in change. To help confront these challenges, the right solution must be largely self-managing and intelligent, as well as easy to use, customize and scale.

What does this look like in practice? Below we outline what organizations should explore and review when evaluating vendors, both from an internal stakeholder and external supplier engagement perspective.

Afternoon Coffee: McDonald’s Recalls Salads After Parasite Outbreak, Supplier Delays Strain Airline Manufacturers

McDonald’s has pulled salads from 3,000 restaurants after an outbreak of cyclospora sickened 61 people in seven states. Demand for new jets is sky high, but airline manufacturers Boeing and Airbus are struggling to deliver on time because of supplier shortfalls. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trump Affirms U.K. Trade Deal to Follow Brexit, Apple to Launch Clean Energy Fund With Suppliers

After he gave an interview with the Sun newspaper saying he would kill a future U.S.-U.K. trade deal, President Trump apologized to Prime Minister Theresa May and vowed the two countries would reach a new agreement immediately after Brexit. Apple will launch a $300 million clean energy fund for China with 10 of its suppliers there. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: ZTE Nears Lifting of U.S. Supplier Ban, Trade War Could Shutter Hyundai’s Alabama Plant

ZTE Corp is preparing to complete the final required step to overturn a ban on working with U.S. suppliers, ending three months of uncertainty for the Chinese smartphone maker. Some 20,000 American workers in Alabama could be at risk of losing their jobs if the escalating trade war forces automaker Hyundai to curtail its U.S. production. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. Threatens Additional China Tariffs of $200 Billion, Reshoring Remains Unpalatable for Many Manufacturers

The Trump administration said Tuesday it would impose tariffs on roughly $200 billion worth of Chinese fish, petroleum, chemicals, handbags, textiles and other products without trade concessions from the Chinese government. A new report from A.T. Kearney suggests that manufacturers are not considering returning manufacturing back to the U.S. among their options for navigating a difficult trade landscape. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Starbucks to Eliminate Plastic Drinking Straws by 2020, UPS Shows Hand on Teamsters Contract

Starbucks will replace plastic drinking straws with recyclable, strawless lids or paper or compostable plastic straws in all of its stores by 2020. UPS unveiled to the Teamsters Union Tuesday its conditions for introducing new technology in the workplace. Afternoon Coffee brings you the latest in procurement and supply chain news.

Tackling the Real World Complexities of Spend Management for Organizations Living in Change

No two organizations procure and pay for the goods and services they need in exactly the same way. Yet few solution providers today offer the functional depth, flexible implementation support and domain expertise needed to address the complex spend management requirements of organizations living in change. Some solutions address broad, generic challenges with a pretty screen, but with little sophistication, depth or configurability. Others provide the bare-bones experience, meeting the minimum of functionality requirements albeit for a low cost, but with little evidence of proven results. It is clear that there is no one-size-fits-all spend management strategy, and for organizations facing real world spend management complexities, these generic offerings fall short.

Afternoon Coffee: Japan Flooding Halts Factory Production, Brexit Minister Resigns

Severe flooding and mudslides in Western Japan have killed more than 100 people and forced some car and electronics makers to stop production. British Foreign Secretary Boris Johnson and so-called “Brexit minister” David Davis resigned Monday, casting uncertainty on the stability of the British government. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Trade War Talk Turns to Reality, UK Retailers Warn of Consequences Without Brexit Deal

The U.S. and China finally ignited a trade war Friday, when both countries slapped levies on $34 billion of each other’s exports. Failure to reach a Brexit deal with the E.U. could lead to “food rotting at ports” and “devastation” for small retailers, U.K. lobby group British Retail Consortium said Thursday. Afternoon Coffee brings you the latest in procurement and supply chain news.