Emerging market multinationals are struggling to build effective international management teams as they grapple with cultural differences, conflicting internal perceptions of talent management, difficulties in balancing global and local talent, and a lack of a reliable leadership pipeline.
Lufthansa Cargo reduced CO2 emissions by more than 700 tonnes through the use of lightweight containers in May and June alone. For the first time, more than half of the standard containers utilised for freight and baggage transports were made from light composite materials. By reducing weight, the composite materials lower fuel consumption and carbon emissions.
This spring, President Obama said he had "good news" to report: Lost American jobs are returning to the U.S. "For a lot of businesses, it's now starting to make sense to bring jobs back home." In trumpeting this "reshoring" of jobs from abroad, the administration points to employers, including General Electric and Caterpillar, that have shifted some manufacturing to the U.S. The president also cited an April online survey by Boston Consulting Group showing that 37 percent of manufacturers with sales of more than $1bn and almost half of those with more than $10bn "plan to or are actively considering bringing back production from China to the U.S." Yet there's little data to back up claims of a reshoring rush.
Sealed Air Corporation and Ecovative Design LLC say they are accelerating production, sales and distribution of Ecovative's EcoCradle Mushroom Packaging, a technology for environmentally responsible packaging materials made from agricultural byproducts and mycelium, or "mushroom roots."
Acquisitions are a vital component of growth for many businesses. Yet a high proportion of deals fail to deliver value. Why? A common reason is that, because of time pressures and complexity, many companies struggle to integrate fully after the deal. Synergy targets that were so enticing in the run-up to the deal melt away under the realities of meshing two often very different organizations in a short time.
Following a boom in commercial aircraft orders in 2011, a year which saw the successful launch of the Airbus A320 NEO and the Boeing 737 MAX, the aerospace industry is now faced with having to deliver a huge backlog. According to a study of the aerospace and defense industry released by global business advisory firm AlixPartners, the industry must increase production rates by 45 percent in volume by 2015 if it is to meet demand, representing the industry's biggest challenge in the coming years.
Boeing's latest fleet forecast predicts a doubling of the world's fleet of aircraft in the next 20 years, generating demand for 34,000 new planes, at a cost of $4.5tr. At the same time, officials said the demand for freighters will remain sluggish over the next two decades and revised downward their previous forecast. Even so, freighters will nearly double to 3,200 by 2031.
Kuehne + Nagel has agreed to take over the business of Perishables International Transportation Inc. of Vancouver, Canada, another step in implementing the Swiss company's strategy to expand its activities in the field of perishables logistics globally.