The package-handling giant plans to fill the $79 million facility with more than 3,000 robots by 2024 to handle tasks like lifting, reducing the need for manual labor.

Two-thirds of the 30 retailers analyzed had inventory turnover rates below their peers, which indicates excess stock and/or slow sales.

Walgreens said that its new initiative will make the management of online orders more efficient by creating a single system for handling goods.

The DOE is looking to strengthen the U.S.’s battery supply chain because the estimated demand for lithium is expected to increase tenfold by 2030.

At a conference in Pohang, industry group Battery Norway pitched Korean companies, including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate.

Corporate investment in inventory management tools and other supply chain solutions could be limited in 2024 by high financing costs and lower profits.

Saudia Group is planning on announcing the order before the end of 2023, with the airplanes going to Saudia Cargo as well as Flyadeal.

Nineteen percent of responders said that they believe shifting production away from China would help supply chains while another 27% said this change could maybe alleviate supply issues.

For the next few decades, demographic changes will exert a major inflationary threat. But a reversal in globalization will also lead to less efficient global production,

Prior to these rejections, 52% of UAW members at GM's Flint, Michigan plant voted against the proposed contract during the week of November 7.