The announcement comes just one day after sources said that Eli Lilly was planning to build the facility for $2.17 billion.

Sources that spoke to Reuters said the project would create over 1,000 jobs when including sub-contractors as well as suppliers in the region.

Mack Trucks said that the new contract will increase the average wages of UAW members by 36% over the life of the contract.

The state of the economy and the mounting push to digitize supply chain processes are driving a creative approach to maintaining the integrity of your company's item master.

At a conference in Pohang, industry group Battery Norway pitched Korean companies, including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate.

Employees no longer spend long, tedious hours doing manual inventory with forklifts, and there is now less likelihood of misplacing product.

For the next few decades, demographic changes will exert a major inflationary threat. But a reversal in globalization will also lead to less efficient global production,

Customers’ expectations for delivery are always moving toward freer and faster, and for retailers, it can feel like the goalposts are constantly moving. Crowd-sourced delivery can help.

Low-code platforms emerge as indispensable allies for supply chain teams in the quest for heightened efficiency and effectiveness.

About half of the projected financial savings from the Euro 7 standards on car emissions law could be lost due to damage caused by excess production of nitrogen dioxide.