Only weeks into a new job heading General Motors Co's international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM's loss-making local unit.
Historic disruption is happening across the food and beverage industries. Changes in consumer preferences and rapid consolidation have created a challenging business environment for many companies. Response to these pressures can't happen fast enough, especially for companies that have historically dominated the market. Shrinking margins and revenue declines mean there is less cash on hand to invest in innovation – and that's driving companies to find new ways to improve cash flow. -Tom Roberts, SVP Global Marketing, PrimeRevenue
The growth of e-commerce is transforming the last mile at a rapid rate. Start-ups such as Deliv, Roadie and Instacart, along with Amazon’s own logistics network build-out, have caused a shakeup in the traditional hub-and-spoke system that FedEx and UPS spent years building. As a result, the Big Two have become reactive by raising rates and increasing surcharges to maintain market position while investing in infrastructure to meet changing needs. -Paul Steiner, Vice President of Strategic Analysis, Spend Management Experts
They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.
The future of the automotive industry has arrived. Electric vehicles and autonomous driving are fundamentally changing the business models and supply chains of automotive OEMs – and that’s putting many automotive companies in a tough position. How can they profitably meet the demands of today’s consumers while investing heavily in the innovations that will sustain them tomorrow? -Tom Roberts, SVP Global Marketing, PrimeRevenue
A survey by 3M Company finds a large number of suppliers holding back from engaging in true collaboration with buyers, due to a lack of openness and customer incentives.