Depending on the industry and size of the company, a business can spend more than 40 percent of its annual freight budget on inbound shipping. A more efficient inbound freight program can minimize delays, save money, and even reduce confusion.
Many past decisions to offshore manufacturing were based on price alone. Today, manufacturers are looking at more than just price when considering sourcing decisions and production locations.
The company warned of a "difficult market environment" with tough competition and sharp changes in exchange rates and prices for raw materials.
Contract manufacturing can be an effective way for companies to extend capacity and add flexibility to their production network, critical benefits in a highly volatile business environment.
If you have any experience in shipping LTL, you know how volatile, process driven, and challenging it can be to make sure you get the best carrier, best time, best rate, and are making the best long term decisions.
Economic activity in the manufacturing sector expanded in February for the ninth consecutive month, and the overall economy grew for the 57th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Like their peers in other sectors, industrial manufacturing CEOs are much less worried about the global economy than last year, although exchange rate volatility and energy costs are still big concerns.
According to Bloomberg, Rolls-Royce Holdings Plc is already in the beginning stages of designing unmanned cargo ships at its offices in Alesund, Norway. These ships would be able to offer a 360-degree view from the vessel’s “bridge,” which would allow captains to operate them remotely from land.
An impact to one segment of the supply chain can have a domino-like effect that can be immediately felt throughout the entire supply chain. Through an effective monitoring program, organizations can proactively track and report on all of their supply chain issues, incidents, exposures, and risks in real time.
Faced with stubbornly low prices for aluminum due to global overcapacity, Alcoa has been idling and closing smelters to reduce capacity. When the last moves are completed, Alcoa will have cut its smelting capacity by 17 percent.
There's one big reason why the United States has a dearth of execution drugs so acute that some states are considering solutions such as firing squads and gas chambers: Europe won't allow the drugs to be exported because of its fierce hostility to capital punishment.
It feels so strongly about using the material that it’s building a factory in Mesa, AZ and signed a development and supply contract with crystal materials manufacturing specialist, GT Advanced Technologies, to make sapphire material exclusively to Apple for consumer electronics.
The newly established Commission for Logistics and Supply Chain Collaboration, which holds its first meeting Feb. 11, aims to develop a statewide strategy featuring a partnership between government and industry in the pursuit of raising the international profile of Michigan’s logistics capabilities.
As markets evolve, distribution companies need to innovate around customers, analytics, and supply networks. To survive and thrive in the brave new world, many wholesale distribution companies need a wholesale evolution.
While a key enabler for the modern supply chain, ERP is often mistaken as the single universal solution to meet every need. Whether the result of over-aggressive vendors or self-imposed rationalization to justify the large investment, the outcome is the same: disappointment with supply chain functionality.
Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its supply chain and save money.
A modern farming experiment in disused London Underground tunnels grows eco-friendly food. Its backers are hoping to grow the business as well.
There is much debate over the effectiveness of the outsourcing strategy, the affect it has had on “American” brand quality, and the affect it is having on the U.S. economy and its ability to pull out of the current recession. In some cases, it has proven to be a good move. In some cases it has proven disastrous.
“While U.S. manufacturing continued its growth into the new year, survey data from the Institute for Supply Management (ISM) showed that the pace of factory activity slowed considerably. The overall Index fell by 5.2 percentage points from 56.5 in December to 51.3 in January, still signaling overall output advances but at a far more muted pace."
A slowdown in rail service is forcing American Crystal Sugar to cut back on production, something company officials said Wednesday could cost millions if the situation doesn't improve.
Gamesa USA officials said Tuesday that the closure of the 8-year-old plant was prompted by a shift in the market from Pennsylvania and the Midwest to the southwestern United States. They said the company had to alter its manufacturing and supply chain strategy to keep energy costs low and maintain a strong market presence.
Just-in-time (JIT) deliveries, little to no inventory, outsourcing, sole sourcing — all of these “lean” concepts have been at the heart of operations management for years now. But more and more companies are starting to ask themselves a simple question; Just how lean do we really want to be?
The Labor Department said Wednesday that the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month from November. That ends three straight months of falling wholesale prices.
When you consider some of the challenges that manufacturers face across industries today — they’re unprecedented. The pressures of global supply and demand dynamics, supply chain complexities, disparate production locations and systems, regulations, and other factors have forced manufacturers to reevaluate operations and optimize them everywhere possible in order to remain competitive and profitable.
U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1 percent the previous month.