In today's headlines, the White House is convening top leaders at its virtual CEO Summit on Semiconductor and Supply Chain Resilience, focusing on the global chip shortage. In other news, AP automation provider Tipalti acquired Approve.com, a cloud-based procurement solution provider. Also, workers at an Amazon warehouse in Alabama voted against unionizing last week. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, Ivalua released findings from its new study showing that 85% of respondents recognized procurement's role in revenue growth. In other news, a study found that 22% of small and medium-size businesses in the US were closed in February, only one percentage point lower than the Covid pandemic's peak last spring. In Spend Matters PRO coverage, our analysts looked at Enlighta, Creactives and GEP this week. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, GM plans to shut down more plants due to the global shortage in computer chips, and the Alliance for Automotive Innovation is asking for federal funding to help manufacturing during the semiconductor shortage. In other news, March's positive job report was hopeful, but it's not enough for the Federal Reserve to pull back on Covid stimulus efforts like bond buying or adjusting interest rates. Also, find out how companies are taking steps to avoid geopolitical risks in their supply chains. Afternoon Coffee brings you the latest in procurement and supply chain news.
See what the latest trade deficit news means for the recovering US economy. Also, tail-spend specialist Fairmarkit adds to its sourcing prowess with an RFP feature. And acquisition news includes order-to-cash players Sidetrade and Amalto. Afternoon Coffee brings you the latest news about procurement and supply chains.
In today's headlines, the services PMI number registered its highest amount ever at 63.7% — showing continued recovery amid the Covid crisis. In other news, the International Monetary Fund upgraded its outlook on the economy for 2021, saying it expects it to rise 6%. Also, China launched its digital yuan, the first country to take a digital currency from its central bank. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, the Labor Department released its March jobs report on Friday, with better-than-expected numbers coming out. In other news, Florida Gov. Ron DeSantis declared a state of emergency after a wastewater reservoir near Tampa threatened to collapse. Also, Europe is the region expected to see the most disruption following the Suez Canal blockage. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, the March PMI number registered 64.7%, indicating an expansion in the overall US economy for the 10th consecutive month. In other news, the owner of the Ever Green container that was blocked in the Suez Canal declared General Average as it waits to see the costs associated with the blockage. In Spend Matters PRO coverage this week, analysts looked at payable strategies, the contingent workforce/services Hot List and PaymentWorks. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, an accidental mix up led to up to 15 million Johnson & Johnson COVID-19 vaccine doses to be contaminated. In other news, Avetta broadened its supply chain risk management services on its Avetta Connect platform. Also, the number of Americans seeking unemployment benefits rose to 719,000 last week despite businesses opening and a faster pace of vaccinations. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, President Joe Biden is set to introduce a $2 trillion infrastructure bill that will tackle manufacturing jobs and training, among other things. In other news, Intel's CEO, Pat Gelsinger, said the company is investing $20 billion on factories to help fight the global semiconductor shortage. Also, the demand for restaurant deliveries has suppliers and fast food chains rethinking some techniques. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, the large container ship stuck in the Suez Canal is finally freed, but disruption is likely to persist as traffic goes back to normal. In other news, the global semiconductor shortage has taken a new victim: home appliance makers. Also, Amazon workers at a warehouse in Alabama are voting this week on a unionization effort, with the effects there likely to reverberate to other parts of the workforce. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, Microsoft is in talks to acquire Discord, a popular messaging platform. In other news, Keelvar, a sourcing automation provider, named entrepreneur and former Workday CTO David Clarke its new board chair. In Spend Matters' PRO coverage, analysts looked at payable strategies for the long tail in one series and, in another series, focused on digitizing direct materials sourcing. Afternoon Coffee brings you the latest in procurement and supply chain news.
In today's headlines, GEP released findings from its "Cost of Supply Chain Disruption" study with the Economist Intelligence Unit that found Covid was one of several problems with supply chains last year. In other news, Airwallex, a global fintech, secured a $100 million round of funding, bringing its valuation to $2.6 billion. Also, first-time jobless claims fell to 684,000, the lowest number since the start of the pandemic. Afternoon Coffee brings you the latest in procurement and supply chain news.