When the U.S. economy emerged from the recession in June 2009, productivity was rising at a fast clip. Companies had spent the downturn cutting jobs and were lean and efficient. Productivity—output per hour worked—jumped 5.5 percent in the fourth quarter from a year earlier as workers did more with less. But as the recovery has chugged on, productivity growth has stalled, averaging less than 1 percent a year since 2011. Workers were actually less efficient in the first quarter of 2014, producing fewer goods and services per hour than they had during the previous quarter.
Employee engagement in corporate social responsibility activities including environmental initiatives can demonstrably improve job performance, according to research from ESMT European School of Management and Technology.
To drive robust supply chain performance, many companies put one individual in charge, either a chief operations officer (COO) or a chief supply chain officer (CSCO). With the right leadership agenda these positions can make a major impact on performance. In some organizations, however, the appointment of a COO or CSCO may unintentionally lead other senior executives to view the supply chain as "somebody else’s problem."
A new digital presence has recently been created by AWESOME (Achieving Women’s Excellence in Supply Chain Operations, Management, and Education), the industry-wide supply chain leadership initiative started in early 2013. The launch of www.awesomeleaders.org is timed to coincide with the second Annual AWESOME Symposium on May 15, 2014, in Chicago.
How can a $1.3tr industry, getting bigger every year, be hidden in plain sight? Easy. The vast U.S. logistics business, which delivers 48 million tons of freight (worth about $48bn) daily and already employs roughly 6 million people, operates mostly behind the scenes.