INSIGHT Inc., a top international provider of supply chain planning solutions for the world's foremost companies, reminds companies that in an era of globe-spanning operations, multiple events over the past year once again underscore the critical need to develop comprehensive business continuity plans in light of supply chain vulnerabilities.
PARIS (AP) — A security agent for Renault has been charged with fraud and accused of inventing industrial espionage claims that led the French carmaker to wrongly suspect — and suspend — three executives, the state prosecutor said Monday. The cloak-and-dagger affair, in the public eye since January, was deeply embarrassing for France's second biggest carmaker, which announced that all executives involved, including president Carlos Ghosn and chief operating officer Patrick Pelata, would forego all stock option benefits for 2011 and the "variable portion" of their 2010 earnings.
DALLAS (AP) — Chip maker Texas Instruments Inc. said Monday that "substantial" damage to one of its majormanufacturing plants near Tokyo in last week's earthquake will result in extra costs and lost revenue in the first half of this year. The Miho plant, which produces mostly analog chips but also makes digital light processing technology used in televisions and projectors, won't return to full production until mid-July.
MIDDLETON, Mass. (AP) — Investigators working to determine the cause of a chemical plant explosion that shook a neighborhood and sent four people to the hospital were still waiting Monday for clearance from structural engineers to get into the building. The blast and fire happened Sunday night at Bostik Inc.
STILLWATER, Okla. (AP) — An Oklahoma State University professor says she's found a way to turn byproducts from the production of soda pop into ethanol. Biosystems and agricultural engineering associate professor Danielle Bellmer said that by adjusting the pH levels she has found that the leftover materials from soda manufacturing can be converted into ethanol.
WASHINGTON (AP) — Toyota, Honda and Nissan are halting production in Japan for most of the week as they review damage to plants, roads and ports following the deadly earthquake and tsunami. Analysts say U.S. dealers have an adequate supply of vehicles and do not expect car shoppers to find fewer choices at dealerships.
FAIRFIELD, Conn. (AP) — General Electric Co. Chairman and CEO Jeffrey R. Immelt's 2010 compensation more than doubled to $15.2 million as the company benefited from a recovering economy. Immelt's $3.3 million salary was unchanged from the previous year, according to an Associated Press analysis of a company filing on Monday.
Rotor Clip Company, Inc. (Somerset, NJ) now offers its MST-series of Truwave wave springs. The single-turn metric wave springs are available in sizes from 16mm to 170mm and are ideal for short deflection applications, according to the company. Advantages of the Truwave springs include: The ability for the springs to be installed automatically via a tapered mandrel similar to the automatic installation of retaining rings.
Piab (Hingham, MA) has launched its piCOMPACT10 range, the manifold-mounted and functional ejector system based on MICRO COAX technology. Products in the piCOMPACT10 range are ideal for pick-and-place operations where efficient handling of small, heavy parts is crucial. By using Piab’s MICRO COAX cartridges, the new range provides three times more vacuum flow, resulting in substantial sustainability benefits, as well as energy and cost savings.
The new FMG70 series of electromagnetic low flow meters from Omega Engineering, Inc. (Stamford, CT) contain no moving parts, which makes them maintenance-free. In addition, they do not obstruct flows, and have a fast response time of <500ms. The low-cost FMG70 series can be used in areas where flow meters with moving parts cannot be used due to contamination/particulate in the media.
The FLA 1650 AGV, from Amerden, Inc. (Augustine, FL), provides a flexible material handling link between production lines and warehousing. They have produced the following video to demonstrate their product in use: To learn more, visit www.amerden.
From my experience, it is much easier to build a growing, thriving, and profitable business when the economy is expanding and more companies are investing in product development. How does the economy correlate with product development? It’s an interesting question and someone from the product development world might assume, “Sure! It is highly correlated.
OMAHA, Nebraska (AP) — Warren Buffett's Berkshire Hathaway Inc. is buying specialty chemicals company Lubrizol Corp. for about $9 billion in cash, making it among Berkshire's biggest acquisitions. The companies said Monday that the transaction also includes about $700 million in net debt. Berkshire will pay $135 per share, a 28 percent premium to Lubrizol's closing stock price Friday of $105.
HANAHAN, S.C. (AP) — A company in Hanahan plans to hire between 75 and 100 workers to provide warehouse services for the new Boeing plant. The Post and Courier of Charleston reports that New Breed Logistics will store and deliver parts from suppliers to the aircraft manufacturer. The Boeing plant is supposed to open in North Charleston this summer.
OLYMPIA, Wash. (AP) — A Microsoft backed anti-software-and-hardware piracy measure moving through the Washington state Legislature is drawing sharp opposition from other giant technology companies and a group of big-name retailers, setting up a contentious political fight among these multi-national companies that could spread to other states.
BETHESDA, Md. (AP) — The CEO of defense contractor Lockheed Martin Corp. received 2010 compensation worth $19.1 million, 7 percent less than in 2009, according to an Associated Press analysis of a regulatory filing by the company. Robert J. Stevens got a bigger annual bonus, and his stock awards grew slightly.
BEIJING (AP) — Chinese authorities have arrested 3,001 people in their latest crackdown on rampant product piracy and seized fake or counterfeit medicines, liquor, mobile phones and other goods, officials said Sunday. The campaign launched in October comes as Beijing faces pressure from the United States and other trading partners to stamp out product copying.
DES MOINES, Iowa (AP) — Angered by repeated releases of secretly filmed videos claiming to show the mistreatment of farm animals, Iowa's agriculture industry is pushing legislation that would make it illegal for animal rights activists to produce and distribute such images. Agriculture committees in the Iowa House and Senate have approved a bill that would prohibit such recordings and punish people who take agriculture jobs only to gain access to animals to record their treatment.
The recession has caused many banks to reduce or cut credit for businesses, making it difficult for many manufacturers to obtain operational funds. Some companies are turning to accounts receivable financing to obtain these needed funds and grow their businesses.
Design for Reliability (by Daniel T. Daley), is a new book available from Industrial Press (New York, NY) that addresses the process from the manufacturer’s viewpoint, allowing readers to deliver the goods that their customers want. According to the company, the book is ideal for anyone involved in the design, development, or purchase of new assets.