General News Content

Afternoon Coffee: Boeing Co. Under Scrutiny for Corner-Cutting; Nike Adopts Shorter Lead Times

Some lawmakers in Washington are now questioning whether Boeing has been cutting corners when it comes to safety, after two recent fatal 737 MAX jetliner crashes. President Trump's metals tariffs celebrate their first birthday today. And Nike posted a revenue increase of 7% in 2018 without increasing its inventory by a substantial amount. Afternoon Coffee: bringing you the latest procurement and supply chain news.

Afternoon Coffee: Walmart Plans to Use AI in Battle with Amazon; No Truck Driver Shortage, Says BLS

Walmart is using artificial intelligence to build up better on-demand delivery to compete with the likes of Amazon. The Bureau of Labor Statistics has concluded that a truck driver shortage does not exist, after analyzing the market. And BMW has cited the trade war between the U.S. and China, exchange rates, and prices for raw material as reasons for the decision to cut costs and jobs. Afternoon Coffee: the latest in procurement and supply chain news.

Commodities Roundup: U.S. Mining, Toyota Invests in U.S., Oil Prices

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. This week: U.S. Mining, Toyota Invests in U.S., Oil Prices

Afternoon Coffee: Basware, Taulia Making News; Arrow Electronics and Freelancer.com Connect; Tariffs to Stay

Basware gets PE investment from Bregal Milestone totaling €50 million. Taulia has rolled out a new version of its buyer platform, bringing enhanced artificial intelligence capabilities to its programs. Arrow Electronics, Inc., and Freelancer.com, one of the largest freelancing/crowdsourcing marketplaces, announced the launch of ArrowPlus powered by Freelancer.com. And Medpricer unveils a new analytics feature. Afternoon Coffee: the latest procurement and supply chain news.

Oracle’s Modern Business Experience Event: What’s On Our Mind This Week

Spend Matters analyst Xavier Olivera and I are attending Oracle’s Modern Business Experience event this week in Las Vegas. Procurement is well represented as a component of supply chain, with over 30 breakout sessions and other activities catering to purchasing, supply management and spend management-related areas. In addition, there are numerous sessions on blockchain, the internet of things (IoT) and related subjects that overlap with procurement.

We’ll attempt to cover as much as we can from the event this week and next. But here are some questions that we have on our mind as the festivities kick into high gear:

Afternoon Coffee: MercadoLibre Looks to Hold Off Amazon; Tipalti to Improve Customers’ B2B Payments Experience

The Argentinian e-commerce company MercadoLibre Inc. is looking towards the long term in their battle to hold off industry giants such as Amazon. Tipalti, a provider of global payables automation solutions, announced that the company is upgrading its PayPal services offering "to help customers execute PayPal payments to their suppliers even more effortlessly." And in 2016, counterfeit goods made up 3.3% of all global trade volumes, up from 2.5% in the previous year. Afternoon Coffee: the latest in procurement and supply chain news.

Resilinc EventWatch: Top Risks to Supply Chains in 2018 Were Extreme Weather, M&A Activity, Brexit and Explosions

With deadline questions looming about Brexit and high levels of uncertainty about U.S.-China trade negotiations still hanging over global markets, risks to supply chains may already seem well above average. As reported by Resilinc’s EventWatch 2018 annual report, however, some of the greatest risks to supply chain operation may be something that stakeholders don’t realize.

Afternoon Coffee: Ivalua Intros P2P Quick Deployment; Caviar Prices Plummet

Ivalua, a provider of spend management solutions, today announced its P2P quick deployment package, which will allow customers to roll out a full version of the company’s P2P solution in 8-12 weeks. China has flooded the caviar market, sending prices plummeting for what is supposed to be a rare delicacy. And the national average price for diesel has dropped for the first time in five weeks. Afternoon Coffee: the latest in procurement and supply chain news.

Afternoon Coffee: IBM Food Trust Blockchain Nabs 2 More Companies; California Ports Post Solid Reports

Thomas Foods International and Drakes Supermarket have both signed up to join the IBM Food Trust blockchain. Both the Port of Long Beach and the Port of Los Angeles posted solid numbers for the month of February in their respective reports last week. And UK Speaker of the House John Bercow has ruled out a third vote on the rejected Brexit agreement if the motion remains substantially the same. Afternoon Coffee: bringing you the latest procurement and supply chain news.

Afternoon Coffee: Boeing Supply Chain Issues; Brexit Officially Delayed; Tyson Asks, Where’s the Beef?

Boeing has officially paused delivery of 737 Max 8 jets in the wake of the Ethiopian Airlines crash — but will that put a significant dent into the company’s bottom line? Tyson Fresh Meats are using a new DNA process to track beef from the farm to the customer. And could things get any more chaotic with Brexit? After MPs voted to push back the March 29 deadline to leave the EU, the answer is...probably. Afternoon Coffee: bringing you the latest in procurement and supply chain news.

Afternoon Coffee: Amazon Ending Pricing Parity; Small Parcel Spend Webinar Today!

Amazon is reportedly ending its “pricing parity” policy, which will not only help consumers have more choice on Amazon.com, but also in B2B for Amazon Business, according to Spend Matters' Pierre Mitchell. (Speaking of Pierre Mitchell, don't miss the small parcel spend webinar he's participating in today!) And MobileXpense, a Belgian provider of mobile T&E management solutions, is acquiring Sweden's eBuilder Travel. Afternoon Coffee: bringing you the latest in procurement and supply chain news.

Breaking: U.S. Grounds Boeing 737 MAX Jets, Trump Says

The U.S. has grounded all Boeing 737 MAX 8 and MAX 9 airliners, “effective immediately,” President Donald Trump said Wednesday, according to the Associated Press. And in a statement Wednesday, Chicago-based Boeing said it has confidence in the planes but recommended to the FAA “the temporary suspension of operations” of its global fleet of 737 MAX jets, which is 371 planes.