The Miami-Dade Aviation Department (MDAD) convinced LAN Cargo to build its first U.S. maintenance facility at Miami International Airport. The $23.9m project is expected to create more than 300 jobs in the first five years.
Governments and businesses should make efforts to reduce supply chain inefficiencies, which among others significantly contributes to loss of as much as 1.3 billion tonnes of food every year, says a report.
Data-based predictive analysis that helps companies anticipate global catastrophes and model potential supply chain disruptions is playing an increasing role in risk management, says Perry Rotella, supply chain group executive at Verisk Analytics.
Many companies are looking beyond China to less developed nations for sourcing, says Mark Michaels, chief commercial officer at Damco. Michaels discusses supply chain risks around the expansion into less developed areas and the pressure on providers to deliver service comparable to that in mature markets.
Surveys conducted by McKinsey and Company indicate that supply chain management is becoming a higher priority in boardrooms at the same time the job is becoming more challenging and complex. McKinsey Principal Yogesh Malik identifies issues for supply chain managers to address now and trends to watch.
China Merchants Group will take advantage of merger and acquisition opportunities in the mainland's fragmented logistics and infrastructure sector as local governments deleverage, said the company's chairman, Fu Yuning.
Sourcing and transporting raw materials and components are growing expenses for U.S manufacturers and distributors. Foster Finley, managing director, AlixPartners LLP, offers advice on how better sourcing decisions can help keep these costs in control.