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Spend Friends podcast: Supply chain risk management with Gary Lynch


Spend Matters and CIPS
Offense and defense aren’t just terms relevant to sports. Business organizations are also looking for strong offense and defense in their supply chains, according to Gary S. Lynch, the CEO and Founder of The Risk Project.
Although this type of offense and defense is related to cost and value rather than a baseball situation, like the number of runners on base. This shift in mindset is one example of the ways organizations have placed a higher priority on supply chain risk management in the last year or so, Lynch said.
Last week, Lynch was a guest on Spend Friends, a monthly video podcast hosted by Bill Michels, the VP of Operations Americas at the Chartered Institute of Procurement and Supply (CIPS) USA, and Pierre Mitchell, Spend Matters’ Chief Research Officer. Its goal is to focus on all procurement matters under the sun, like spend management, supply chains and other topics. ....

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Afternoon Coffee: February services PMI; Unemployment; Spend Friends


Africa Studio/Adobe Stock
Economic activity in the services sector continued to grow in February, according to the latest Services ISM Report on Business. The services PMI formerly known as the Non-Manufacturing NMI was 55.3% last month, according to the report.
The February number was 3.4 percentage points lower than the January rate of 58.7%. But February’s reading still represents growth in the services sector because any number above 50 indicates expansion. The number represents the ninth straight month of growth after a contraction in the spring because of the Covid crisis.
“The composite index indicated growth for the ninth consecutive month after a two-month contraction in April and May,” Anthony Nieves, the Chair of the ISM Services Business Survey Committee, said in a press release. “There was a pullback in the rate of growth in the services sector in February. Respondents are mostly optimistic about business recovery and the economy. Pr ....

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