Bonfire, an e-procurement and strategic sourcing solution provider, announced it has released its “State of Public Sourcing Report,” finding that public procurement teams have ramped up operations in 2021.
The report was created through anonymized data from the Bonfire platform, some tens of thousands of projects from 400 public sector companies. Some of the key findings of the report include:
How do you find the right procurement technology and vendor for your company? Spend Matters’ new 5-step “Procurement Technology Buyer’s Guide” can help — with how-to documents, checklist templates and other tips.
“This year’s report indicates that public sector project volume has practically returned to what it was pre-pandemic, which aligns with anecdotes we’ve heard from our customers,” Omar Salaymeh, Bonfire’s CEO, said in a press release. “Priorities such as vendor diversity, work-from-anywhere options, and finding new ways to make public dollars go further are becoming a major focus for most public procurement teams, which we anticipate will in turn provide opportunities for a bigger community of vendors. It’s clear that 2020 was a turning point for public procurement and that while project volume has returned, priorities have shifted, and the industry will not simply go back to the way it was before the pandemic.”
CADDi, a Tokyo-based B2B ordering and supply platform for manufacturing and procurement, announced a $73 million round of funding co-led by Globis Capital Partners and World Innovation Lab (WiL), according to TechCrunch. Existing investors DCM and Global Brain also participated in the round.
CADDi said the funding will be used to accelerate digital transformation of the platform, hiring and to expand into global markets. CADDi’s ordering platform aims to turn the multiple subcontractor pyramid structure to a flat, connected structure based on individual strengths. The platform offers a 10%-15% cost reduction to more than 600 Japanese supply partners spanning many industries.
“The demand for CADDi’s services has seen significant acceleration. Our business has been growing very fast, and our latest orders have grown more than six times compared to the previous year, leading to the company’s expanded presence into both eastern and western Japan in order to meet this increase in demand,” Yushiro Kato, CEO and co-Founder of CADDi, told TechCrunch.
“Going forward, in addition to continuously expanding our ordering platform, we will also start to provide purchasers and supply partners with our technology directly to promote digital transformation of their operations, for example, the production management system and drawing management system.”
Customers looking for milkshakes at McDonald’s in England, Scotland and Wales will likely be upset after the fast-food chain took them off the menu because of supply chain issues, according to The Guardian.
The chain was also left without some bottled drinks across 1,250 outlets in Great Britain. It’s mainly thought to be caused by a shortage of lorry drivers from Brexit EU immigration rules, Covid-related restrictions and self-isolation guidance.
A McDonald’s spokesman told The Guardian that the group is “working hard to return these items to the menu. Like most retailers, we are currently experiencing some supply chain issues, impacting the availability of a small number of products.”
The shortage of HGV drivers has left a huge supply chain issue throughout Great Britain, as Spend Matters’ Nancy Clinton reported last week.
Doing a tech selection? Get a shortlist fast with TechMatch? — the latest way to make SolutionMap’s vendor rankings actionable by your company.
Reviewed By This Is Article About Bonfire report; CADDi; McDonald’s shortages was posted on have 5 stars rating.