Top supply chain issues facing manufacturers today are a result of the globalization of supply networks and the associated volatility, complexity and risk. Global supply chains are faced with volatility relative to raw materials, energy and commodities, compounded with a lack of understanding of where demand is coming from.
Every manufacturer knows that getting estimates right can mean the difference between success and survival. An estimate has to be a complex balancing act – competitive enough to win the job but not so competitive that it reduces profit margins.
BlackBerry-maker Research In Motion will launch its new touchscreen smartphone in the U.S. with AT&T on March 22. The release will come several weeks after RIM launched the much-delayed devices elsewhere. AT&T said Monday said the Z10 will be available for $199.99 with a two-year contract. Sales of the device began in the U.K. and Canada shortly after RIM unveiled the phone in late January.
Google will pay a $7 million penalty to settle an investigation into the Internet search leader's collection of emails, passwords and other sensitive information sent over wireless networks several years ago in neighborhoods scattered around America. The resolution will close a joint investigation by attorneys general in about 30 U.S. states, according to a person familiar with the matter.
The parent company of the Lipton Tea is planning to invest more than $96 million to expand its Suffolk facility. Gov. Bob McDonnell announced the investment from Unilever on Monday. The largest tea processing facility in the U.S. employs nearly 300 in Hampton Roads.
General Electric Co. said Monday it will study the possibility of expanding dredging in a contaminated portion of the upper Hudson River after a request by New York state Comptroller Thomas DiNapoli. GE, which released poly-chlorinated biphenyls, or PCBs, into the river decades ago, is preparing to begin a fourth season of dredging as part of a federal Superfund project that is expected to cost more than $1 billion.
Corning Inc., which makes glass used in tablets, TVs and other devices, will pay $5.65 million to settle claims that it knowingly made false statements to the government for laboratory research products, the Justice Department said Friday. The charges stem from a 2005 contract with federal agencies for laboratory research products through Corning's Life Sciences division.
Solar panel maker Suntech Power Holdings Co. has been given some breathing room to make note payments to certain bondholders after signing a forbearance agreement with them. If Suntech is unable to make payments due on the convertible notes on March 15, the bondholders have agreed not to exercise their rights under the notes until May 15.
3D printing is a process by which an object or objects are created by "printing" its shape with any kind of metal or plastic. Cornell University professor Hod Lipson explains how a 3D printer works, its pros, and its cons in this CBS This Morning segment.
Ergonomic XZ Series hydraulic floor-level lifts can handle loads of up to 6,000 pounds and can be loaded/unloaded with an ordinary hand pallet truck, according to the company.
Klein Tools is searching for the world’s oldest pair of Klein Side-Cutting Pliers. The tool owner will receive $2,500 in cash and approximately $2,500 in new Klein Tools.
BRECO/BRECOflex Co., L.L.C. has announced it is the first belting manufacturer to offer high performing timing belts made of up to 37 percent renewable materials.
HYDROM delivers constant electrolyte quality to ensure constant gap for better quality and superior process stability, says the company.
A Dutch airliner is flying from New York to Amsterdam on a fuel mix that includes leftover oil from frying Louisiana's Cajun food. The KLM flights from Kennedy Airport are powered by a combination of 25 percent recycled cooking oil and 75 percent jet fuel.
The Illinois Environmental Protection Agency wants to stop a northern Illinois business from restarting operations following explosions and a fire that injured workers. IEPA Director John Kim has asked the Illinois Attorney General's Office to seek a court order preventing FVMS Inc. in Cary from reopening.
Mitsubishi Heavy Industries Ltd. and a local utility firm in California were aware of a design flaw in Mitsubishi-made steam generators for a California nuclear reactor before a radiation leak in January 2012, according to a document recently released by the U.S. nuclear regulator.
Taking its first concrete step to streamline outdated restrictions on military exports, the U.S. moved to make it easier for American companies to sell aircraft equipment and parts to overseas customers. The goal is to simplify the export process for U.S. manufacturers competing in the global market by treating non-sensitive products differently than things like jet fighters and missile launchers.
China's auto sales accelerated in the first two months of this year, rising 19.5 percent over the same period of 2012 in a possible positive sign for an economic recovery. Automakers sold 2.8 million cars in January and February, the China Association of Automobile Manufacturers reported Monday. Total sales, including trucks and buses, rose 14.7 percent to 3.4 million vehicles.
Canadian Solar said Monday that its fiscal fourth-quarter loss widened versus a year ago as solar module shipments dropped and operating expenses increased. Its shares fell more than 3 percent in premarket trading. The Canadian solar power company lost $105 million, or $2.43 per share, for the three months ended Dec. 31. That compares with a loss of $59.9 million, or $1.39 per share, a year ago.
The current plight of Boeing highlights not only the safety risks, but also the commercial risks of lithium battery-powered products and devices. These days, rechargeable lithium ion batteries, and primary non-rechargeable lithium batteries are everywhere. And unfortunately, they are also considered “Dangerous Goods” (or “HazMat,” a term used in the U.S.).