On average, $10m is the cost of a recall on a food company. Add this to the fact that recalls have been doubling every year from the 2002-2014 period in the United States, and it should worry any stakeholder in the manufacturing and processing facilities. Yet many of them are surprisingly optimistic about the chance of a recall affecting business, and it's their belief of invincibility that leaves them unprepared to weather a storm when one blows up. When manufacturers take a risk on their customers' health, they take a risk on their business’s health.
The global business community should be aware that the impact on supply chain operations worldwide - from the two massive explosions that occurred Aug. 12 at the Ruihai International Logistics warehouse in Tianjin, China - will be far worse than suggested by news analysts and Chinese officials, says Resilinc CEO Bindiya Vakil.
All those nifty new communications devices installed in modern-day vehicles promise to make commercial trucking more efficient than ever before. And more dangerous, too.
Integration Point, a provider of software for global trade management, has expanded its presence in the Asia-Pacific region with the opening of an office in Kuala Lumpur, Malaysia.
When President Barack Obama said last September that he would get tough on companies that avoid tax through "inversions" - merging with or buying foreign firms so as to shift their domicile abroad - some wondered if this would end a wave of corporate emigration.
A little over one year after purchasing seven new Volvo compressed natural-gas tractors, Kane Is Able Inc., a national, third-party logistics company, has filed a lawsuit in U.S. District Court for the Middle District of Pennsylvania, asserting that Volvo breached its warranties in connection with one of the seven units, which caught fire on Interstate 81 in early January 2015.
Livingston International, a customs broker and provider of trade-compliance services, has expanded its global trade management (GTM) offering in India and Brazil.