Bayer - already struggling with falling consumer health sales - is also contending with a recall. It has been retrieving more than a million cartons of its Alka-Seltzer Original.
The freight-train ride from Chicago to Colesburg, Tenn., usually takes a few days. Earlier this month, though, the ride was 18 days, 13 hours and 57 minutes, logs show.
As populations grow and emerging markets industrialize, companies are facing a serious long-term challenge: how to meet surging consumer demand while minimizing environmental damage and sustaining the planet's natural resources.
Manufacturing workers are retiring in droves, with an estimated 2.7 million jobs being vacated by 2025. At the same time, the growth and advancement of the industry is expected to create an additional 700,000 jobs for skilled manufacturing employees over the next decade. As a result, manufacturers are scrambling to fill this knowledge and skills deficit with the next generation of workers - millennials.
A global shortage of hepatitis B vaccine has developed as both Merck & Co. and GlaxoSmithKline deal with manufacturing issues, leading health agencies in England to ration use to those most at risk.
U.S. President Donald Trump once again unloaded on Amazon.com Inc., tweeting that the company is hurting other retailers and implying that it's killing industry jobs across the U.S.
Challenge: A company looked to identify major cost components associated with a supplier's product pricing. Partnering with its integrated supply chain solutions provider on visibility initiatives, the company collaborated with the supplier and determined that products were shipping from forward storage warehouse locations. The company had no visibility to these underlying logistics costs nor were the warehouse locations optimal for its network. Items were also produced in multiple locations with many inter-plant transfers occurring in the supplier’s network.
At a time when the U.S. needs unity and bold reforms, American businesses must be partners in building the future. While the business community has diverse interests, every company should agree on basic policy priorities if we want to be globally competitive.
The latest supply-chain news, analysis, trends and tools for executives in the pharmaceutical and biotech industries. Learn how pharmaceutical and biotech 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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