Revealed: Spend Matters' 50 Providers to Know in procurement
In the release, Spend Matters said...
Spend Matters has unveiled its 2018 list of 50 companies that it says are raising the bar in the procurement space.
In the release, Spend Matters said it routinely reviews the latest procurement technology and service offerings.
“This uniquely positions us to help procurement organisations with their vendor selection processes,” it said.
“The 50 to Know and Watch lists are the result of intense debate, discussion and refinement among all of the Spend Matters analysts and reflect our unbiased, independent view of the providers you should have on your radar in 2018.
“The Spend Matters 50 Providers to Know list for 2018 highlights leading technology and services providers that continue to raise the bar for procurement technologies and services.”
Jason Busch, Founder and Managing Director at Spend Matters, commented: “Spend Matters has a unique role in the industry, covering the rapid evolution of procurement technology and solutions. With the growing adoption and usage of disruptive technologies for procurement applications in all key solution areas, we expect providers to continue to refine and expand their capabilities faster than before.
“We are thrilled to recognise providers that set the industry standard, as well as innovative newcomers."
Spend Matters ’50 to Know’ is as follows:
Coupa (including Trade Extensions and Spend360)
Dun & Bradstreet
Denali – A WNS Company
The Hackett Group
Insight Sourcing Group (including SpendHQ)
McKinsey & Company
Omnia Partners (including Corporate United and Prime Advantage)
OpusCapita (including jCatalog)
SAP SE (including Ariba, Concur and Fieldglass)
Tradeshift (including IBX)
WorkMarket, an ADP Company
Zycus (including Invocus)
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.”