Wal-Mart Stores Inc. doesn't do things on a small scale. So when it moved to expand its global sustainability effort, the retailing giant acted true to form.
Green is much more than an environmental imperative or social responsibility cause – it's an essential strategy for savvy businesses looking to differentiate and grow the bottom line. And it's important to every aspect of business, starting with manufacturing.
Whereas business interruption insurance covers lost profits and continuing expenses as a result of physical damage to a policyholder's own facilities, contingent business interruption insurance covers such losses stemming from damage to the premises of a supplier or customer. Large companies typically have both types of insurance as part of their property insurance policies; smaller companies may not have the contingent business interruption extension.
The speed of change, sustainability and customization are three issues currently impacting the supply chain, says Dan Whitnable, director of business development at Hilmot Corp. He explains what these trends mean for the warehousing sector and its customers.
Throughout the logistics industry, food is one of the most demanding goods moved around the world. Statistics also show that it is also one of the most disposed products worldwide in relation to the produced quantity with 30 to 50 percent of food going to waste. The highest portion is on the consumers' side. But In the supply chain, a non-stop cold chain monitoring is the major instrument for food staying fresh and not rotting ahead of time. There are already several solutions in the field to collect data to monitor the cold chain. But most of these solutions are costly to install and to maintain and therefore only suitable for high-priced products such as pharmaceuticals. Wireless sensors that use the energy harvesting principle now overcome these challenges and open the door for a complete traceability of food at affordable costs.
All of the LD3 containers used by Lufthansa Cargo are now the lightweight versions. The LD3 standard containers produced using lighter composite materials are helping to reduce fuel consumption and emissions at the airline.
The price of popular breakfast cereals is set to soar over the next 15 years as a result of climate change, argues a new report from Oxfam International.
As extreme weather impacts global supply chains, industries must keep resources moving. Be it the flow of goods, electricity, communications or oil and gas, today's governments, global manufacturers, aid relief organizations and insurance firms are worried sick over supply chain disruptions. And it's easy to see why.