Small manufacturing enterprises are more than balance sheets to the CEO, who has usually built the business from the ground up, painfully learning every detail of a successful company as a hands-on leader and final decision-maker.
The Chinese drank 11 billion liters of Baijiu last year, making it the most consumed spirit by volume. After suffering a significant loss in revenue, Sichuan Swellfun CEO Jim Rice is hoping a new approach will reinvigorate the business.
The U.S. government has told BMW to reduce the gas mileage estimates on the window stickers on four of its Mini Cooper models after an audit found the figures were overstated.
Coca-Cola said it plans to slash costs by $3 billion a year after the world's biggest beverage maker reported disappointing sales on flat soda volume.
For small to medium-sized manufacturers willing to open their shop doors and let the youth from their community in, it’s an opportunity to teach them skills they can use both within their manufacturing firm and beyond while also helping to reduce the unemployment rate locally.
General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis.
The triple bottom line is a term that was coined in the 90’s. In a nutshell, there are three accounts to the triple bottom line (TBL) — People, Planet and Profit. The conventional wisdom is that a combination of these three components leads to a successful company that retains employees, partners and clients.
AbbVie's board is telling shareholders to vote against its own $55 billion takeover bid for the Irish drugmaker Shire after the U.S. made reincorporating overseas a less lucrative tax maneuver.
The Alliance for American Manufacturing address their concerns with the Exchange Rate Policies released by the Treasury and currency manipulation this week.
Elon Musk, CEO of Tesla Motors Inc., discusses Tesla's "auto-pilot" feature, autonomous driving, government regulations and legal liability.
The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study.
Ferrari celebrated 60 years of car sales in the United States this week. Chris Woodyard talks to Nicola Boari about the Ferrari F60 America, which was made specifically for this occasion.
The world's biggest hamburger chain is confronting unappetizing questions as part of a U.S. campaign to beat back perceptions that it serves Frankenfood.
By sharing a pool of kegs rather than owning their own, over 200 leading craft brewers helped reduce their collective carbon footprint by over 3 million kg of CO2e in 2013.
In this issue of IMPO, we take you inside Worksman Cycles, provide tips to keep your equipment properly maintained and running smoothly and examine a series of case studies on the role of system integration in "People, Planet, and Profit."
My first instinct on a plastic bag ban was of warm, fuzzy, do-gooding feelings for the Earth, and I wasn’t alone. I think most of us would agree that the feeling of environmentalism is nice, until some other facts set in.
A new global study, “Industrial Internet Insights for 2015,” from GE and Accenture, reveals there is a growing urgency for organizations to embrace big data analytics to advance their Industrial Internet strategy.
A Fourth Industrial Revolution is upon us, characterized by “smart devices," which are part of an “Internet of Things” that can actually direct machines on the shop floor by communicating autonomously “device-to-device” to manage manufacturing operations and distribution.
Pepsi is launching a new line of naturally sweetened soda, exclusively through Amazon — a big move in an industry that has lagged in e-commerce.
Here are the top five capabilities virtualization can enable over the extended lifecycles of MES.
STEM — the acronym for science, technology, engineering and math — has sparked a nationwide debate about education, gender, immigration and the future of the U.S. economy. Here are six things you need to know about STEM.
Perhaps someday all motors will be built so well that there will be no more electrical bearing damage. Until that day comes, motor repair shops will continue to replace bearings eroded by voltages induced by variable frequency drives (VFDs, commonly known as inverters).
If you feel stuck, even just a little bit, you’re probably behind the innovation curve. Good news, this article is for you. Because the secret to getting unstuck — or becoming more entrenched in your supply chain — is only a few clicks away. The secret is information.
A combination of over-use and under-appreciation can relegate terms like vision and innovation to the realm of cliché. However, those words ring much clearer when presented against a backdrop of time-tested approaches that repeatedly drive growth and produce positive results. Such is the case with Evansville, IN-based ORG CHEM Group.
The realities of doing business right now is that the marketplace is changing with breakneck speed and becoming exponentially more complex, diverse and more unpredictable than ever before.That's why a successful company needs to deploy appropriate strategies for proactively driving change and sustainable growth.