Netstock’s 2024 Inventory Management Benchmark Report provides an in-depth analysis of the current state of inventory management, based on anonymized and aggregated platform data of its 2,400+ customers worldwide.
Like any manufacturer, your organizational goals can be summed up into three words: profitability, growth, and scale. These expectations only continue to increase as your business moves along the maturity curve, with mounting pressure to make smart investment choices that lead to the right type of gains and mitigate risk.
Managers are also looking to reduce their risk by diversifying their supply chains, with nearly 70% planning to develop new relationships with alternative suppliers.
Nippon has promised to invest $1.4 billion in facilities with USW representation, and not conduct layoffs while the union's existing labor deal remains in place.