Doing business directly with Chinese manufacturers is very different from business anywhere else in the world. Failure to understand Chinese business culture may end up with you insulting your prospective supplier without knowing it.
When accurate, near real-time channel data is not abundantly available, sales and inventory fall one or two steps behind true customer demand. And there can be devastating results — including poor channel intelligence, delayed incentive payments or overpayments, and occasional massive write-offs caused by excess inventory stuck in the supply chain.
The White House's top trade official said Congress should update laws regulating trade negotiations amid ongoing talks with Pacific Rim nations.
A months-long contract dispute at ports along the West Coast could spill thousands of miles inland, where two rail companies are raising concerns about shipping complications.
Elemica, a Supply Chain Operating Network provider for the process industries, offers ten top initiatives in the journey to supply chain excellence.
Manufacturers of farm equipment are starting to feel the effects of falling grain prices on farmers' profit margins.
Amid strong Republican gains in statehouses nationwide in recent years, debates over "right-to-work" legislation have generally been the most prominent union-related issues. Right-to-work laws have an immediate impact on manufacturing through operations and costs, but the federal prevailing wage law, will also effect the manufacturing of supplies on the site of qualifying projects.
Japan's trade deficit ballooned to a record 12.8 trillion yen ($109 billion) last year as a weakening yen pushed the cost of imports higher despite a moderate recovery in exports.
Virgin Group Founder Sir Richard Branson shares his vision of how Virgin Galactic will launch satellites to help connect the three billion people in the world who don't have internet access.
In ways large and small, plummeting oil prices are now reverberating through businesses, towns, schools and family budgets, causing confusion and changing plans. With prices having fallen by nearly half in just six months, the potential impact has been sudden and wide ranging.
This week has been full of news from the North American International Auto Show in Detroit, from amazing new cars to some questionable concepts. However, this week’s winners — Ford and Volkswagen — may have stolen the show. On the other end of the stick, oil producers are faced with even more losses as oil prices continue to tumble, earning them the title of ‘Manufacturing's Loser of the Week.’
Plummeting oil prices over the last several months have left analysts scrambling to figure out where the market is heading. Now some members of oil-rich, Middle Eastern nations are chiming in on where they see the oil industry moving.
Chipotle says it stopped serving pork at hundreds of its restaurants after suspending a supplier that violated its standards.
Officials representing West Coast ports on Monday alleged dockworkers have deliberately ground shipments at several large ports to a near-halt amid an ongoing labor dispute.
See what the nation's chief executive President Obama, and some major auto executives have to say about lower gas prices and how they will effect the consumer and the auto industry as a whole.
Oil prices have continued their descent in the face of a global supply glut. PwC's UK head of oil and gas told Bloomberg the winners and losers of cheap oil are becoming increasingly clear.
Creating a culture of product safety within an organization is a strong line of defense against recalls. But how is this accomplished? Here are five tips to help you shift your organization from complacent to compliant.
The U.S. trade deficit fell in November to the lowest level in 11 months as crude oil imports dropped to a two-decade low.
No matter where you fall in this mix of hope and dread, the big question is: How long will it last? Here, Dan Dicker, an OilPrice.com senior contributor, weighs in on falling oil prices.
Editorial Director Jeff Reinke discussed the outlook for manufacturers in 2015 with Matthew B. Elliott, Michigan State President, Global Commercial Banking, Bank of America Merrill Lynch. They talked about upcoming trends, the skilled labor shortage, and domestic expansion.
Missouri became the first state Friday to have an average statewide gas price fall below $2 per gallon since 2009, while Oklahoma's average was expected to drop below that threshold sometime over the weekend, according to AAA.
More than five years removed from the Great Recession, worries had taken hold at the start of the year that perhaps the world's largest economy had slid into a semi-permanent funk. But consumers, businesses and investors, after enduring a brutal winter, showed renewed vigor as the year wore on and set the United States apart from much of the world.
Not only are the retro-looking "silver bullet" Airstream travel-trailers still being built by hand at the same western Ohio site that has produced them for 60 years, but the company also can't roll them out of there fast enough to meet the demand these days.
The Census Bureau reports that new orders for durable goods in November fell 0.7%, following 0.3% growth in October and 0.7% decline in September.
U.S. rum aficionados are abuzz over the possibility of mixing a Cuba Libre with authentic Cuban rum, now that they will be able to bring home liquor distilled in the communist nation.