Hamish Brewer, chief executive officer of JDA Software, was giving a speech at the Economic Club of Phoenix last year, when the topic of global inventory levels came up. The question he posed: How much stuff is currently in transit or socked away in warehouses the world over? The answer: Nobody really knows.
In another sign that China's booming economy may be slowing, the country's manufacturing sector contracted in June after facing a credit crunch and seeing a decline in orders from Europe and the U.S., a survey said.
In a placid lagoon about a mile inland from the Atlantic coast in southeast Nicaragua, the mast of Cornelius Vanderbilt's dredge boat rises out of the water. The railroad tycoon abandoned it along with his dream of building an inter-oceanic canal in the 1850s. More than 160 years and several failed plans later, Wang Jing, a 40-year-old Chinese telecommunications billionaire, has emerged as the next mogul to give it a go.
The market index for Asia to North Europe is still on the decline, with the average for a 20-foot seeing a 19-percent drop since the 26th of May compared to the 26th of June, according to Xeneta, the price comparison service for sea freight. The market average for a 40-foot in Asia to North Europe performed similarly with a 20-percent decline in container shipping rates in the same period.
From the very beginning of development of the 787 family, Boeing said it would design the Dreamliner with the plan of eventually offering it in freighter configuration. The key word, of course, was "eventually."
Across industries, manufacturers pride themselves on quality but put top emphasis on reducing overall costs. And while these may seem like conflicting priorities, they can be explained by the concurrent demands of the internal economic drivers of an organization and the external customer requirements for quality and efficiency. As such, these priorities are here to stay, especially as the consumer becomes increasingly empowered and publicly vocal. In recent years, product quality and safety have become tightly integrated with traceability and supplier scorecards. But for manufacturers with foresight to proactively implement a comprehensive traceability system before a contamination problem occurs, there is an opportunity to provide their organizations with the ability to dramatically improve response time, implement corrective measures, and minimize repercussions to the bottom line and the brand, should a problem arise.
A report from he Consumer Goods Forum and Capgemini calls for the consumer goods and retail industries to meet head on challenges posed by increasing digitalization and the availability of resources.
It's been more than three years since the Obama Administration launched its National Export Initiative (NEI), with much ballyhoo. The stated goal of the massive effort was to double U.S. exports within five years - from $1.57tr in 2009 to a projected $3.14tn in 2015.
Commerce platform provider hybris is partnering with LivePerson Inc. to offer a service that will enable electronic-commerce sites to offer a live chat feature to their customers.