Swedish home goods giant Ikea Group is investing in its first wind farm in the U.S., joining a parade of other companies that are venturing into the renewable energy sector. The company purchased Hoopeston Wind, an energy project under construction in Illinois.
Supply chain executives want to invest in powerful new technologies and business innovations to improve their supply chains, but are hampered by a shortage of qualified talent and never-ending pressure to cut costs, according to a new study by MHI and Deloitte Consulting LLP titled "The 2014 MHI Annual Industry Report – Innovations That Drive Supply Chains."
More than a dozen of the world's largest car makers have agreed on minimum human rights, environmental and business ethics standards for their global supply chains, according to the Automotive Industry Action Group (AIAG) in Michigan and CSR Europe in Brussels, which today jointly announced the "unprecedented agreement."
Sustainability has for many years been growing in importance, but until recently was largely seen as a sideshow meant to burnish the image of a company and its brands. Early efforts by supply chain leaders to integrate concepts of sustainability into their operations were often meant to test notions of cost savings that align naturally with reduced environmental impacts. The results are beginning to show. - Kevin O'Marah, Chief Content Officer and Head of Research, SCM World
The Port of Long Beach, Calif., will fund testing of a new air pollution-control technology for docked cargo ships, after an agreement approved by the Long Beach Board of Harbor Commissioners.
Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service stations on water and land.
Three Qatar companies, Nakilat, Qatargas and RasGas Company, are joining forces to convert a Q-Max vessel as a pilot project making it capable of running on LNG and reducing the ship's exhaust gas and greenhouse gas emissions.
FirstCarbon Solutions, active in environmental and sustainability business solutions, and CDP, an NGO provider of a global environmental disclosure system, announced the debut publication of the Supplier Climate Performance Leadership Index, a new evaluation and benchmarking tool for CDP supply chain members and suppliers.
Densification is the process of reducing product size (volume or weight) while maintaining or increasing its value. This is not a new trend. In fact, it is a tenet of good supply chain management and logistics, according to a four-part blog series published by the MIT Center for Transportation & Logistics.