U.S. international trade improved in June, as exports of goods and services showed more than a $3 billion reduction in the trade deficit compared with revised May trade data, government data released Aug. 6 show. But while the monthly trade differential improved for the U.S.,...
Have you heard? Social commerce is going to change the lives of everyone, everywhere. Want to look at pictures of other people’s cats—buy cat care supplies while doing it. Think that girl from the 10th grade looks fat in that dress? Good news—it will soon...
Starting this month and running through November, the World Bank is launching global consultations on its proposed reforms for the national procurement of goods and services. The potential reforms are for projects funded by the World Bank and, so far, the response has been largely...
All businesses are looking to save money, and they’re looking at all aspects of their operations to see where savings can be achieved. This includes procurement initiatives. Are centralized processes more efficient than decentralized ones? Could a company make the two strategies work in tandem?...
How essential is an accurate payment system in a business? Everything from payroll to invoicing must be on point to ensure that companies’ financials remain secure. However, some businesses have created tools that could help organizations remain on top of all of their financial needs....
Fleetcor CEO Ronald Clark acknowledged to analysts on July 31 that that the company is in active merger-and-acquisition talks, some of which are in the “late innings.” He declined to go into any specifics, however, including whether discussions are underway to acquire rival Comdata, as...
An important part of fleet management is ensuring that the recorded mileage is actually the mileage that was driven for a delivery. This ensures that all parties involved are paid properly and that the fleet management firm’s invoices remain accurate. But what happens when there...
B2B card provider WEX during this year’s second quarter saw spend volume on its virtual card grow by 26 percent, driven mostly by its relationship with travel agencies. With its newly acquired Evolution1 healthcare technology company, WEX may could bring the virtual card to the...
A $10 billion annual revenue for an industry is not too shabby, nor is a 12 percent revenue increase from the year before. With a recent study showing that supply chain management revenue is on track to hit its highest levels since 2011, it’s clear...
