During the mid-2000s, when emerging markets were growing at breakneck speed, the cavernous gap separating industrial and developing economies began to close. This convergence took place against a backdrop of economic liberalization, built on the idea that the financial systems of all nations would dovetail. That period is now over.
Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
As many as 96 percent of Americans are now shopping online, averaging about five hours a week making online purchases. A recent survey and report from Bigcommerce in partnership with Kelton Global looked at the online shopping habits of 1,000 U.S. consumers and found that online shopping is becoming a necessity for some consumers.
Despite the economic slowdown in the industrial sector over the past year, the incidence of actual and planned automation investment is very high in American manufacturing, according to a report from the MAPI Foundation.
Manufacturers are recruiting to attract skilled labor to a growing number of positions and to replenish a workforce from which baby boomers are retiring at a rapid pace. By 2025, there will be two million unfilled manufacturing jobs, according to a study by the Manufacturing Institute and Deloitte Consulting.
Companies are increasingly embedding sustainability resources into their supply chain organizations. The latest State of the Profession report from GreenBiz, which examines how the role of sustainability executives has evolved over the years, shows a growth in supply chain sustainability efforts.
In 2015, diesel engines made up 98.5 percent of the North American Class 8 vehicle market, but the forecast expects this dominance to lessen by 2021, according to a report by Americas Commercial Transportation (ACT) Research and Rhein Associates.
The top four emerging trends driving the global pallet market are greater emphasis on automation processes and use of new technologies, vertical integration by companies, growing preference for block pallets, and the rise in power of pallet pooling companies, according to Technavio transportation and logistics research analysts.
"Greening" your company, via any number of means, obviously brings multiple benefits to the physical environment. But while going green may be the responsible thing to do, many companies shy away from these sustainability measures. The reason is their (common) misconception that the costs will outweigh any benefit, that there is no bottom-line value in environmentally responsible business practices. In fact, this belief may be false, because setting a green path can often improve your bottom line.