General News Content

Afternoon Coffee: White House to host semiconductor supply chain resilience summit; Tipalti acquires Approve.com; Amazon workers in Alabama vote against unionizing

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.

Afternoon Coffee: Ivalua survey shows procurement is a strategic partner for companies; More small businesses closing during Covid crisis; PRO recap: Enlighta, Creactives, GEP

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.

Afternoon Coffee: GM to halt production at more plants over global chip shortage; Positive job report not enough for the Fed to ease stimulus; Companies look to avoid geopolitical risk from supply chains

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.

Afternoon Coffee: US trade deficit indicates economic upswing; Fairmarkit adds RFP feature; Europe’s Sidetrade buys US order-to-cash player Amalto

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.

Afternoon Coffee: Services PMI records highest number ever in March; Global economic outlook improves; China launches digital currency

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.

Afternoon Coffee: March jobs report beats expectations; Wastewater reservoir in Florida on brink of collapse; Europe expected to be hit hardest by Suez Canal disruption

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.

Afternoon Coffee: March PMI registers 10th consecutive month of growth; Suez Canal boat vessel declares General Average; PRO recap: Payable strategies, Hot List, PaymentWorks

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.

Afternoon Coffee: Johnson & Johnson COVID-19 vaccine doses contaminated; Avetta broadens supplier risk services offered on platform; Jobless claims rise

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.

Afternoon Coffee: Biden administration to introduce $2 trillion infrastructure plan; Intel invests $20 billion for chip shortage; Fast food restaurants procure new ingredients

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.

Afternoon Coffee: Suez Canal container ship freed; Home appliance makers now facing semiconductor shortage; Amazon warehouse votes on unionization

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.

Afternoon Coffee: Microsoft in talks to acquire messaging platform Discord; Keelvar names Workday exec as board chair; PRO recap: Payable strategies (Parts 2&3), digitizing direct materials sourcing

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.

Afternoon Coffee: GEP-Economist survey estimates 2020 supply chain disruptions at $4T; fintech Airwallex raises $100M; New jobless claims hit lowest point since start of pandemic

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.