Vizio Inc. puts more trust into third-party contractors than many television companies. Rather than relying on its own factories, the Irvine firm has outside manufacturers do the handiwork, allowing Vizio to lower costs for itself and consumers.
When it comes to assessing the impact of business practices on the environment, the bar is being raised. Mere sustainability is no longer enough: now it's all about becoming "net positive."
Making it mandatory for airlines and freight forwarders to file advanced information about cargo loaded onto aircraft bound for the United States seemed like a foregone conclusion several years ago, but U.S. Customs late last month announced plans to extend a pilot program testing the concept for another year.
A logistics network is like a complex machine. When all the parts mesh and work properly, you have an efficient system that moves freight seamlessly across borders. But remove one piece - or let it get even slightly out of alignment - and the whole supply chain can grind to a halt.
Dozens of port authorities and marine terminals received port security grants this summer from the Federal Emergency Management Agency (FEMA), but millions of dollars from the $100m program went to local law enforcement agencies and other non-port entities.
It's a big and transformative phenomenon worldwide, so of course it has a buzzy lexicon all its own. You can call it whatever you want - Digital Operations Technology, Industry 4.0, Industry of the Future, The Fourth Industrial Revolution, Smart Manufacturing - but you can't ignore it. MESA International offers a concise definition for this wave of change: "Smart manufacturing is the intelligent, real-time orchestration and optimization of business, physical, and digital processes within factories and across the entire value chain."
The U.S. Surface Transportation Board has proposed a rule allowing shippers to switch cargo among large railroads if there's reasonable access to competing tracks.
Chemicals contribute to a significant portion of all American exports. According to the American Chemistry Council, the chemicals industry accounts for 12 percent of exports at a value of about $189 billion.