General News Content

Commodities Roundup: Chinese Steel Production Hits Record High, Section 232 Auto Hearings Begin

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

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: Novartis Joins Pfizer in Drug Price Freeze, E.U. Inks Trade Deal with Japan

Drug maker Novartis said Wednesday it would not raise prices on its products in the U.S. for the rest of the year. The European Union and Japan finalized their pending free trade deal Tuesday, one of the largest such agreements ever put in place. 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.

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.

Deloitte’s 2018 Millennial Survey: Industry 4.0, Employer Loyalty and Business Ethics

millennial

Young professionals across the globe are unsure about their ability to adapt to Industry 4.0 technologies and increasingly critical of business ethics, Deloitte’s 2018 Millennial Survey finds. For its seventh annual report on the millennial generation in the workplace, Deloitte researchers surveyed 10,455 college-educated professionals from 36 countries who were born between 1983 and 1994. The researchers also surveyed 1,844 respondents born between 1995 and 1999, who fall into Generation Z.

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.

Commodities Roundup: Base Metals Hit a Downtrend, The Future of Iron Ore

direct materials procurement

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

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.

Largest U.S. Cheese Stockpile for 100 Years Weighs Down on Prices

Spend Matters welcomes this guest post from George Duke, analyst at Mintec.

The U.S. is once again experiencing an oversupply of dairy. Cheddar barrel prices are currently at their lowest levels since 2010, with 1.39 billion pounds of cheese stored in U.S. warehouses weighing down on prices. The current stockpile of cheese is the largest since records began in 1917.

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.