With food-and-beverage outlets now among the fastest-growing categories in retail centers, a CBRE Group, Inc., report identifies four formats poised for significant expansion: food trucks, food halls, celebrity-chef restaurants and "grocerants."
The unprecedented transformation of consumer demand is driving cost and complexity into the supply chain. Keeping up in today's fast-paced business environment is forcing mid-market companies to analyze and implement responsive supply chain strategies that meet market expectations while driving greater profitability to the business. Despite reshoring and in-house efforts, outsourcing remains a reality for many supply chains.
Modern business not only relies on IT, but in fact is made possible by IT. If you believe that, then surely the fact that "IT" and "the business" are often at loggerheads appears to be insane. But the fact is that the divide and the rancor persist.
The International Monetary Fund has downgraded its global growth projections for 2016 and 2017. It is now forecasting the global economy to increase at a 3.1 percent pace this year and 3.4 percent next year, both down 0.1 percentage points from previous projections.
Confronted with shrinking profit margins, capacity concerns and rising customer expectations, today's logistics organizations are looking for innovative ways to provide better service at a lower cost and to ultimately increase profitability and competitive advantage. This is why supply chain success extends beyond your workforce and into your partner ecosystem.
If you manage factories, airlines, hospitals or farms, you probably know something about the Internet of Things. If you don't, your thoughts on the IoT may start and end with wondering why a coffeepot needs to talk to a toaster. But the fact is that the continuing development of precision technologies could dramatically transform our planet's fundamental infrastructure.
Original equipment manufacturer sourcing decisions are typically based on total acquisition cost (TAC) formula comparisons. Because of this, such tools play a primary role in decisions about whether to purchase from domestic or overseas sources. TAC formulas attempt to take into account all cost factors related to buying from a particular source.