Companies such as Harley Davidson Motor Co. in Milwaukee, Illinois Tool Works Inc. in Glenview, Ill. and Essve Tech Inc., a manufacturer of corrugated steel pipes in Alpharetta, Ga., are actively recruiting women to fill the shortage caused by a growth spurt in U.S. manufacturing due to lower energy costs, reshoring a more competitive labor market as Baby Boomers continue to retire. The U.S. Department of Labor estimated last spring that 241,000 factory jobs remained unfilled.
Vendors "are seeing the cloud as the opportunity for the future and are looking at revenue models and thinking of offering a subscription-based service to reduce clients' CAPEX," according to Jagdish Rebello, senior manager for cloud and computer electronics at IHS. "Microsoft's doing that, Oracle's trying to do that, Google's doing that, and Salesforce.com is seeing explosive growth."
Across industries, we have left the big buildings, facilities and industrial parks and gone remote. All those remote operations, dispersed businesses and mobile and autonomous equipment need to be serviced. Thus, the service provider has to go to those remote locales. However, just as their customers have changed, the business of service has also changed. The service provider can also leverage technology to monitor, diagnose, and sometimes repair remotely.
Omnichannel represents the biggest growth opportunity for the consumer goods and retail industry, according to a report from EY and the Consumer Goods Forum.
"An army marches on its stomach," Napoleon famously said.
While the high-technology sector captures the headlines, the supply chain sector is responsible for the heavy lifting, behind the scenes. The books, clothing, and goods that we purchase are increasingly made in Asia or Mexico; transported through multiple modes including air, ocean, rail and truck; passed through warehouses or cross-dock facilities; and delivered to your home via a last-mile delivery company.
Roughly seven months into the Los Angeles and Long Beach ports slowdown with, unfortunately, no end in sight, and manufacturers in just about every industry, from electronics to home goods, are feeling the pain.
With the Jan. 1 U.S. Drug Supply Chain Security Act (DSCSA) lot-level traceability deadline now behind us, many pharmaceutical companies are turning their attention to full drug serialization. DSCSA requires that manufacturers mark packages with a product identifier, serial number, lot number, and expiration date by 2017. In that period, highly regulated packaging and distribution processes must be changed; physical equipment must be procured and operationalized; enterprise-wide IT must be implemented; and end-to-end serialization testing with supply chain partners must take place well in advance of the deadline to allow time for any necessary adjustments. Given these multi-faceted complexities, three years is an aggressive implementation time frame.
The labor shortage in the supply chain and manufacturing industries has been well-documented, and increasingly so as that shortage continues to grow. Female executives at logistics services providers can't stress enough how they'd like to see more women continue to enter the supply chain workforce and break the stereotype of it being "a man’s world."
The boom in specialty pharmaceuticals is reshaping the pharmacy industry's market structure as 10 companies account for 70 percent of specialty pharmacy revenues, according to Adam J. Fein, CEO of the Drug Channels Institute and author of the study on pharmacy economics and the pharmaceutical supply chain.