Restaurants face the perfect supply chain storm. Just when it seemed the economy was poised to turn a corner and offer some much needed relief to the foodservice industry, the worst drought to hit the United States in 12 years has diminished supplies and sent food prices skyrocketing. Add in rising gas prices, and it's not a pretty picture for restaurants.
So we have a handful of Chinese companies that haven't grown up by the traditional method of attaching an umbilical cord to the government and receiving endless amounts of financial support and monopoly status in return. These "Second Mouse" ventures are going head to head, both in China and around the world, with entrenched, Western-style multinationals. The question is: can they really compete?
Aging infrastructure for marine ports, inland waterways and airports threatens more than a million U.S. jobs according to a new Failure to Act report from the American Society of Civil Engineers (ASCE).
Many companies are investing in strengthening their social media presence and related capabilities. In the summer and fall of 2011, Booz + Company and Buddy Media, a social enterprise software provider, conducted a quantitative survey of 117 leading companies and a series of in-depth interviews with senior marketing and media executives. The results revealed that strengthening social media is on the CEO's agenda at 40 percent of responding companies and is a top marketing priority for about 60 percent. Seventy-eight percent believe that social media efforts enhance their marketing effectiveness; 95 percent expect to invest more in social media.
Toys "R" Us CEO Jerry Storch has taken a light saber to the idea that the future belongs to the internet and that big box retailers are doomed to irrelevance. Storch says the successful brands will be those with a consumer-facing network across all channels, and says Toys "R" Us is leveraging its strengths, including its store base, to grow and thrive over the long term.
Employees at tomato and cucumber producer Eurofresh Farms have increased their productivity by between 200 and 250 percent thanks to an RFID-based solution that helps the company track the exact amount of work performed by each staff member, and then compensate that individual accordingly.
Third-party logistics providers (3PLs) who specialize in industrial freight can provide targeted solutions that reduce operating costs and improve service levels.