General News Content

ICYMI, Icertis becomes CLM unicorn; CSX lowers revenue projections; RV industry caught in trade war

As Spend Matters reported yesterday, Icertis announced that "its latest funding round raised $115 million and that the provider of contract lifecycle management (CLM) is now valued at more than a billion dollars, reaching proverbial 'unicorn' status." Railroad CSX has lowered its revenue projections for the remainder of the year. And the uniquely American manufacturing sector for recreational vehicles finds itself in the crosshairs of President Trump’s “trade war” with much of the globe. Afternoon Coffee: putting you in the crosshairs of the latest procurement and supply chain news.

Tipalti adds NetNow; MBO Partners hires new CEO; True Value rejiggers supply chain

Tipalti on Wednesday announced the addition of NetNow, a product that accelerates payments to suppliers. MBO Partners, a provider of independent workforce solutions, has named a new CEO to take over for the role held by the founder, Gene Zaino, who will be involved in the business as the executive chairman, MBO announced Wednesday in a press release. And faced with increasing competition, hardware wholesaler True Value Co. is rejiggering its supply chain. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: U.S.-China trade talks likely to drag on; Asian imports rise; ‘Buy American Act’ to affect iron, steel

Two developments indicate that U.S.-China trade talks may not be resolved anytime soon. Also, import numbers show China numbers are down but Asian imports are up. In the U.S., the federal government will be required to by products that have more U.S.-made components, with a higher percentage coming for products with U.S. iron and steel. Afternoon Coffee: Importing the best news about procurement and supply chains.

Afternoon Coffee: Hurricane Barry fades but soaks Louisiana; Supply chains leaving China; Huawei sales; Drones & vaccines

Barry — a storm that briefly became a hurricane, the first of the 2019 season — brought torrential rain to Louisiana and Mississippi on Sunday, and slowly continues to move through northwest Louisiana toward Arkansas through Monday, according to the Washington Post. The Wall Street Journal takes a look at how the U.S.-China tariff battle is forcing supply chains out of China. Afternoon Coffee brings you the latest in procurement and supply chain news.

Tropical Storm Barry closes New Orleans port; Talmix targets CVs, resumes; Wax Digital in SolutionMap

Tropical Storm Barry, which may develop into a hurricane, has closed the Port of New Orleans to cargo and cruise traffic as heavy rain hits Louisiana. Talmix, the London-based independent talent sourcing and management solution, announced the launch of Talent Passport “to replace CVs and resumes for talent on its network, increasing the richness of data for every user.” And the use of reverse auctions by procurement suppliers and purchasers is on the rise, according to a report by Scout RFP. Afternoon Coffee: supplying your procurement and supply chain news.

Afternoon Coffee: Robotics in supply chain slow to gain traction; Hurricane forming; Procurence in SolutionMap

The adoption of robotics and automation in supply chains has stayed nearly flat in the last few years, and the cost of implementation is a barrier. In other news, a hurricane may form in the Gulf off Louisiana, and the storm's effects are already being felt. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Stocks rally as Fed chair hints at interest rate cut; McDonald’s supply chain lauded; Fluxym grows

Fed Chair Jerome Powell's congressional testimony today fuels speculation of a rate cut later this month. McDonald's recent growth after years of trouble is credited to its revamp of its supply chain, Forbes reports. Other headlines: General Dynamics gets $2 billion deal to protect State Department supply chain; Bumble Bee Foods, SAP see results with blockchain; Apple launches app development program in China; USDA to amend bio-based products designating guidelines. Afternoon Coffee: A flood of procurement and supply chain news.

Amazon’s foray into health-care supply chain wanes, UBS says; IBM closes Red Hat deal for cloud muscle; Mexico auto imports up

A survey by UBS Group has shown that Amazon.com Inc.’s move into distribution of health-care supplies and equipment has lost speed, Bloomberg News reports. IBM closes its giant deal for Red Hat in a bid to boost its cloud capabilities. In auto news, imports from Mexico hit a high mark, signaling more assembly is being done there, CNBC reports. And the U.S. sale of arms to Taiwan gets approval. Afternoon Coffee: A jolt of procurement and supply chain news.

Afternoon Coffee: Jaggaer sells majority stake; Tradeshift Go 2.0 has team approach

Jaggaer announced today that another private equity firm has become its majority stakeholder. Tradeshift, a solution provider for supply chain payments, announced the release of Tradeshift Go 2.0, which allows managers to share a virtual corporate credit card with all employees on a team, lowering the hassle of manual reimbursement and allowing managers to maintain oversight on tail spend. Afternoon Coffee brings you the latest in procurement and supply chain news.

Jaggaer sells majority stake to private equity firm Cinven

procurement

The procurement suite provider Jaggaer announced Monday that the private equity firm Cinven is buying a majority stake in Jaggaer, which will continue to focus on its unified Jaggaer ONE spend management offering and will look to expand into new markets. Jaggaer said no management changes were planned.

Afternoon Coffee: Walmart e-commerce losing $1 billion; Huawei still blacklisted?

Walmart’s acquisition of the e-commerce website jet.com is doing a lot of business in the store’s bid to take on Amazon, but it is projecting a loss of about $1 billion, the media site Vox reports in a lengthy look at Walmart’s e-commerce play. A senior U.S. official told the Commerce Department enforcement staff this week that the Chinese tech company Huawei should still be considered blacklisted after U.S. President Donald Trump promised to ease the ban on sales to the firm days ago at the G20 summit, Reuters said. Afternoon Coffee: Enjoy your procurement/supply chain news — and your Independence Day holiday!

Afternoon Coffee: U.S. threatens more tariffs for EU; Spend Matters Nexus launches as advisory for private equity, C-suite; trade war lessons

Amid the U.S.-China trade war, the U.S. government threatened to impose tariffs on $4 billion of additional EU goods, on top of the previous tariffs worth $21 billion that were announced in April. Spend Matters Founder Jason Busch today announced the launch of Spend Matters Nexus, a new membership, research and advisory organization to serve private equity interests as well as facilitate corporate development — and more. In trade war news, the pork industry is making key adjustments, an analysis shows. Afternoon Coffee brings you the latest in procurement and supply chain news.