Supply chain, logistics and warehouse operations are at the heart of most companies' physical processes, either inbound into production or outbound to customers. This is never truer than for the food and beverage manufacturing industry in the UK.
Despite decades of experience in China, many organizations still struggle to identify and select executives who will make a tangible impact there. Companies can do better by focusing on two crucial skills"”an ability to read the external environment and an understanding of what makes employees tick"”and on a tough truth: a generational challenge is making the talent equation more complex.
Megatrends are large, long-term changes coalescing today that will birth shorter-term business and societal trends of tomorrow, says Kas Kasravi, HP fellow with Hewlett-Packard. Kasravi points out a few of these megatrends and posits interesting possibilities for their impact.
The back-to-school shopping season has already gotten underway with 29 percent of households reporting that they have begun to shop, according to a special ICSC-Goldman Sachs consumer tracking survey. While the percentage of consumers shopping for back-to-school items at this time of the season is lower than in 2012 (33 percent), it is still higher than in all other years since 2004. Although the season has officially begun, two-thirds of households reported that August is when they will do most of their back-to-school shopping.
Fine wines are vulnerable to counterfeiting or fraud, in large part due to their high value. A single bottle of French Bordeaux, from Chateau Le Pin, averages $3,000 and can be priced at up to $10,000 or more, making the trafficking of forgeries lucrative for counterfeiters. Photocopied labels, for example, can be attached to bottles of counterfeit wine, which can then end up being sold to consumers"”often at auctions, or at any weak link along the supply chain.
Less than three days after its iconic snack cakes officially returned to shelves, Hostess Brands LLC is experiencing record demand for products, with sales already seven times greater than historic levels and orders three to six times greater than production capacity - which has already been running at maximum levels.
UK retailers lost more than £400m ($603m) last year as a result of fraudulent "goods lost in transit" (GLIT), with the average cost estimated at over £40, or about $60. Now, 90 percent of retailers believe growing numbers of fake GLIT claims pose a serious threat. This is an ongoing problem and highlights a new form of theft: "digital shoplifting".
The latest supply-chain news, analysis, trends and tools for executives in the food and beverage industries. Learn how food and beverage companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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