Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark.
Striking Hong Kong dockworkers refused to back down Wednesday in a weeklong pay dispute that is slowing cargo shipments at the world's third busiest port. Several hundred dockworkers and supporters camped out on the road in front of a container terminal. The workers are demanding a 20 percent pay rise but subcontractors supplying labor to port operators are only offering 5 percent.
It is a phenomenon that is referred to with a catchy rhyme: “the brain drain.” Older workers are leaving companies, taking their experience and knowledge with them. And, for various reasons, the reservoir is not being refilled at the same rate. Knowledge leaves, and the tank threatens to go dry.
Fair’s presentation, “Embrace Change to Optimize the Global Supply Chain,” will take place on Tuesday, May 7, from 9:15-10:15 a.m. and will emphasize the importance of end-to-end supply chain visibility in remaining competitive amidst the evolving global quality landscape.
In 2007, with the intention of growing the company’s sales channel and increasing revenue through acquisition of new customers, Bill Calengor, Vice President of Great Northern Corporation (Creative Carton at the time) set out to expand on its traditional business model and bring its corrugated box business online under a new brand.
Meggitt, manufacturer of accelerometers and vibration sensing products, has added a new reseller for Kentucky and Illinois. Heartland Industrial Solutions LLC will promote and sell Meggitt’s Wilcoxon Research® line of vibration monitoring sensors and accessories in the Midwest region.
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million.
Ryanair has made the biggest-ever order of Boeing planes by a European airline, announcing Tuesday it will buy 175 aircraft in a major boost for the U.S. aerospace giant. Neither side disclosed the purchase price for the 737-800s, but budget carrier Ryanair said it did negotiate a bulk discount off the total list price of $15.6 billion.
Airbus signed its biggest deal ever on Monday, an order from Indonesian's Lion Air worth €18.4 billion ($24 billion) that President Francois Hollande said should inspire the struggling French economy and all of Europe. The CEOs of both companies signed the contract for 234 planes in a ceremony at the French presidential palace, a sign of its importance to the government.
Manufacturers can take a segmented approach to supply chain implementations that is best suited to their business needs, budgets and time constraints. For many manufacturers, depending on the solution implemented, they can see results immediately; and begin to generate ROI and enterprise-wide value as quickly as three to four months.
Sumitomo Metal Mining Co. said Monday it plans to build a pilot plant in the Philippines to extract scandium, a rare earth element used to enhance aluminum strength and in components for fuel cells and batteries. The plant will be set up later this year at Coral Bay Nickel Corp., a subsidiary on Palawan Island that produces nickel-cobalt mixed sulfide from minerals, which also contain a trace amount of scandium.
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.
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.
Industrial pump maker Gardner Denver said Friday that it has agreed to sell itself to Kohlberg Kravis Roberts & Co. for about $3.73 billion. Under the terms of the agreement, the New York-based private equity firm will acquire the Wayne, Pa.-based company for $76 per share.
The aim of REACH is to improve and ensure the safe use of chemicals, and the one of the things that REACH does is make all parties in the supply chain — from manufacturers, distributors through to downstream users — directly responsible for the safety of the chemical substances they handle.
At The Atlantic's event, leading experts talk about what they think are the main challenges of manufacturing and the way forward for the U.S. manufacturing industry. Leaders talk about lasers, programming our physical world and beyond. Jamie Tarabay from Ideas Laboratory reports.
Hostess is choosing Mexico's Grupo Bimbo as the buyer for its Beefsteak bread brand. Hostess said a $31.9 million bid by the maker of Entenmann's cakes beat out another offer by Flowers Foods, which makes Tastykakes and Nature's Own bread. Beefsteak is a regional rye bread available in some states.
Danfoss A/S, a Danish maker of valves and other machine parts, will buy the rest of U.S. company Sauer-Danfoss it doesn't already own for about $692 million after raising its offer. Danfoss owns 75.6 percent of Sauer-Danfoss Inc., which makes parts for tractors, backhoe loaders and other agricultural and construction equipment.
Industry analysts and manufacturers were eagerly waiting Eaton’s 4Q reporting as the diversified international manufacturer showed the partial results of its $13.2B acquisition of Cooper Industries. Eaton CEO, Alexander M. “Sandy” Cutler, had warned analysts last quarter that the reporting would be “complex” because the results would show only one month’s (December) numbers of Cooper on its 4Q report.
Now that Alabama is getting an Airbus manufacturing plant, state lawmakers want to prevent Airbus suppliers from setting up shop in neighboring states where it's not as easy for them to be sued. House and Senate committees voted unanimously Tuesday for legislation to limit lawsuits involving large commercial planes made in Alabama.
Product companies are facing significant challenges. Complex global supply chains have become the norm. Social data has changed the way people communicate. Supply chain velocity has exploded. Shorter order runs, compressed innovation cycles, faster decision making, on the spot judgment calls: companies have no choice but to move faster.
Barnes Group Inc., which makes parts for aerospace and other industries, said Friday that it will sell its North American distribution business to MSC Industrial Direct Co. for $550 million. Shares of both companies rose on the news. Barnes Group also named a new chief executive officer and reported improved fourth-quarter earnings.
Few business leaders would argue that the ability to predict demand with precision is critical to the future success of their organization. Surely, every CEO in the world would love the real world equivalent of a crystal ball?
From corporate offices to clothing manufacturers, most industries have begun to seriously invest in sustainability. As customers become increasingly aware of the conditions in which the products they buy are made and transported, organizations should pay closer attention to transforming their own supply chains for a greener good.
Company officials say they'll delay the start of nickel and copper production at the Rio Tinto Eagle Mine in Marquette County because of the economic situation and volatile commodities markets. Rio Tinto is continuing to build the mine and had planned to begin extracting minerals in early to mid-2014.