In the fall of 2015, after all his grapes had been grown, picked, and bled into big oak barrels, Mark Tarlov started doing math. Like any good vintner, he tallied his costs - for labor, equipment, even packaging - and broke it all down by the bottle. Finally, he calculated a price, with a 45 percent profit margin, and set about building a website he'd use to sell it.
The year 2016 was a dramatic year for stock markets, world economies and the global population. We have experienced major political events, multiple acts of terrorism, a migrant crisis and, to top it all off, a number of iconic celebrities left us.
Ford Motor Co's abrupt move to scrap a planned $1.6bn car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy.
Amazon shipped over 2 billion items worldwide in 2016 for third-party sellers on its marketplace using its fulfillment services - more than double the figure from 2015 - while FBA-shipped items grew 50 percent during the holiday season, the company reported.
General Motors designers are taking a break from reality to draw up the next Chevrolet car or truck. But the stylists are not checking out; they are checking in at the automaker's newest 3-D CAVE Automated Virtual Environment to use the latest in virtual-reality tools for an up-close and realistic glimpse at how the sun might reflect off an exterior trim piece or how a particular design trick might make an interior seem roomier.
The food and agriculture industry depend on natural resources, along with predictable weather and climate patterns, to produce their products and turn a profit. And yet these two industries have historically been divided over climate change and often slow to embrace new technologies and practices that can help reduce their greenhouse gas emissions and environmental footprint.
Supply chain solutions provider TouchPath is extending its TouchWMS warehouse management system with the addition of a "power picking" control center, the technology company has announced. The first TouchWMS Control Centre user - an unnamed international components manufacturer - reports early pick productivity increases of up to 50 percent as a result, according to TouchPath.
Supply chain disruptions have cost one in three organizations more than €1m ($1.06m) in the last year, according to a report. "The Supply Chain Resilience Report," published by the Business Continuity Institute and supported by Zurich Insurance Group, said the overall number of organizations experiencing supply chain disruptions fell from 74 to 70 percent.