In Focus: Scoutbee’s SaaS platform for supplier discovery
As digital procurement solidifies its value within the industry, we take a closer look at SaaS supplier discovery platform provider - Scoutbee.
Just five years old, the global provider of SaaS has taken the procurement industry by storm! In just 12 months, the company conducted its Series B funding round, taking its total investments from US$4mn to US$76mn.
“We understand the complexities and the tedious, manual process in scouting and sourcing suppliers. We crave to provide more transparency and insights on Suppliers,” says Scoutbee.
Did you know? Scoutbee was awarded an SAP Ariba, Procurement Technology Highly Commended, World Procurement Awards 2019.
Scoutbee SaaS suite
Working to make supplier sourcing fast and simple. Scoutbee’s Streamline product is designed to help companies find and collaborate faster with the best global suppliers.
The platform provides:
Optimised supplier relationships with easy to follow, pre screen validation and onboarding processes
A reduction of repetitive manual tasks allowing more time to be spent on strategy and high value tasks
Reduced time and money wasted as a result of deep insights
Unifying and enriching supplier data, Scoutbee’s DeepSee product offers its users a unified and up-to-date data lake of the best suppliers.
The platform offers:
A diverse supplier base with quick access to information
A constant flow of data to ensure you remain in control and ahead of change
The ability to identify gaps in digital procurement roadmaps in order to remain competitive
Want to know eight ways to optimise sourcing while avoiding production risks? Check out Scoutbee's new e-Book to get the latest insights!
For more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital magazine.
Image source: Scoutbee
EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”