General News Content

Commodities Roundup: China to Offload Excess Aluminum, LNG Price Holds Steady Despite New Supply

aluminum

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 matters. Here's what happened this week.

Afternoon Coffee: Uber Reports Big Losses but Foresees Momentum, Apple in Talks with Chinese Chipmaker

Battered ridesharing provider Uber lost an eye-popping $4.5 billion last year. China’s chipmaking sector may soon get a boost from a high-profile client: Apple. Afternoon Coffee brings you the latest in procurement and supply chain news.

Valentine’s Day: Strawberry and Chocolate Prices

Spend Matters welcomes this guest post from Rutika Ghodekar and Corrina Hutchings, market analysts at Mintec.

If you search online for romantic foods, chocolate covered strawberries are top of nearly every list. They are a great snack to share with your partner or with your friends over a movie while you share a bottle of champagne to celebrate love and friendship. They are indulgent without ruining all that hard work you’ve been doing for your New Year's resolutions to work on your waistline. But will they break the resolution on saving those pennies? Let’s take a look at what’s been happening in our favourite Valentine’s commodities.

Afternoon Coffee: Amazon Pushes to Become a Major Hospital Supplier, Inflation Jitters Mount in Markets

Amazon wants to turn its nascent medical products business into one of the major medical suppliers to U.S. hospitals. Investors are closely watching the U.S. consumer price index Wednesday for signs of faster inflation. Afternoon Coffee brings you the latest in procurement and supply chain news.

Icertis Raises $50 Million in Series D Round, Plans to Invest in AI Capabilities and Global Expansion

funding

Icertis announced Thursday it has raised $50 million in Series D funding, bringing the company’s total funding to $96 million. This funding round was led by Meritech Capital Partners, with PSP Growth and Cross Creek Advisors also taking part. In the near-decade since its founding in 2009, Icertis has become a leader in the contract management market, counting around 50 customers in the Global 500 and about 100 customers in the Global 5000. Moreover, as of Q4 2017, Icertis ranks top in Spend Matters Contract Lifecycle Management (CLM) SolutionMap. The provider is a solution leader and a value leader across all four SolutionMap personas.

Afternoon Coffee: Oracle CEO Foresees Jump in Corporate IT Spending, Amazon Thins its Corporate Workforce

The U.S. corporate tax cuts enacted last year are going to have a positive impact on businesses IT spending. While headlines about Amazon have mostly focused on the online retailer’s frantic growth, today a more somber note emerged. Afternoon Coffee brings you the latest in procurement and supply chain news.

Healthcare: Fix What’s Broken vs. Repeal and Replace

These days especially, there’s an unlimited supply of hotly politicized topics perfectly suited to make sure we talk past each other — and learn nothing. Healthcare provides numerous examples. For example, President Trump got a rise out of the Brits last week tweeting barbs at its beloved National Health Service (NHS), a topic which, by his own account, he knows little about. Trump zeroed-in on a recent NHS protest and sparked a backlash saying that the “NHS is going broke and not working.” The protest he referenced, interestingly enough called “NHS in crisis: Fix it now,” was organized by the People's Assembly and Health Campaigns Together. The movement is supported by most all of the U.K.’s largest unions.

Afternoon Coffee: Trump Administration Reveals Infrastructure Plan, Winter Olympics Hit by Cyberattack

President Trump unveiled his infrastructure spending plan Monday, which aims to turn $200 billion of federal money into $1.5 trillion to fixing America’s deteriorating infrastructure. The opening ceremony of the Pyeonchang Winter Olympics was hit by a cyberattack. Afternoon Coffee brings you the latest in procurement and supply chain news.

Preparedness for Data-Driven Procurement Lags Among Manufacturers, New Study Finds

The term “digital transformation” — whether applied to procurement or another field — is bandied around frequently, but as far as the average company is concerned, that transformation is still not in the near future. In a survey of more than 100 senior executives, LevaData found that although nearly all of them agree that data-driven procurement is critical to value creation, cost reduction and efficiency, only half think that their own procurement teams are ready to make use of predictive tools.

Afternoon Coffee: Whole Foods Asks More of its Suppliers, Where AI Could Help at the Olympics

The Amazon-owned Whole Foods is putting more pressure on its suppliers to offer bigger discounts and pony up for prime shelf space. The 2018 Winter Olympics may be the last such event that does not involve some form of artificial intelligence in the evaluation process. Afternoon Coffee brings you the latest in procurement and supply chain news.

Commodities Roundup: Platinum and Palladium, Market Volatility Takes its Toll and China Shoots to Beat Steel Capacity Cut Timeline

procurement solutions stocks

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 matters.

Afternoon Coffee: Amazon Business Launches in France, Norway’s Olympics Team Seriously Bungles Egg Order

Amazon Business announced Wednesday it has extended its service to companies in France. Chefs for Norway’s Olympic team ended up with for more than they bargained for when they accidentally ordered 13,500 extra eggs for athletes at their South Korean base. Afternoon Coffee brings you the latest in procurement and supply chain news.