On a 300-mile stretch of railroad in the plains of eastern Alberta, a test train chugs across the landscape burning a fuel that once made sense only to environmentalists. It runs on natural gas. And today, that makes sense to business leaders whose top priority is cutting costs.
Optimizing supply chain operations to cost less and be more effective has long been a top priority for businesses. Now, companies must consider new sustainability measures such as carbon. Identifying, tracking and managing supply chain emissions is quickly becoming essential to optimization efforts, with the primary goal of detecting inefficiencies in fuel, electricity and water consumption and then correcting those inefficiencies to help eliminate waste and reduce costs. But improving one benchmark in an optimization effort may adversely impact another. It's rare that everything aligns perfectly.
In spite of a slow economic climate, 74 percent of the North American logistics companies surveyed achieved or exceeded revenue projections in 2011. However, companies that failed to meet their financial projections were up sharply from 14 percent in 2010, to 26 percent in 2011.
Shelby Foam Systems, which supplies padding and Velcro to one of the world's largest seating manufacturers for cars and trucks, wasn't sitting comfortably with its transportation provider. It needed better inbound monitoring, and at a lower cost.
With a current world population of more than seven billion, and expectations that number will exceed eight billion by 2030, the global healthcare industry is growing exponentially. But to achieve its potential, providers across the industry - from R+D and manufacturing to the caregivers themselves - must go "borderless." This interconnected view of the industry's future was the focus of the FedEx Corp. healthcare industry summit, held in New York City recently.
These clusters are agglomerations of logistics activities in a region or logistics park, and there can be huge cost-saving advantages to locating in them.
Wider financial, environmental and social benefits need to be documented for green building if it is to maintain the growth seen in the past decade, according to research by McGraw-Hill Construction.
The business of helping people live longer, healthier lives is not taken lightly in any regard. Suppliers to Boston Scientific must guarantee extremely high quality and delivery, because the smallest imperfection or delay could be life-threatening. For this reason, the entire supply chain depends on efficiency and quality. The global indirect sourcing and procurement (GISP) organization at Boston Scientific is responsible for all strategic and tactical procurement of indirect materials and services, using a center-led operating model to organize sourcing around the world.
The U.S. airfreight market generated revenues of $28bn in 2011, a 7.4 percent, year-over-year, increase. Although a seemingly positive development, this figure is on par with the revenues the industry recorded in the 2000-2001 financial year. Such statistics show that the U.S. - despite the domination of integrators FedEx and UPS - isn't immune to the sluggishness affecting the global airfreight market, a new study conducted by Air Cargo Management Group asserted.