Small and medium enterprises (SMEs) represent a rapidly growing sector of the U.S. economy – creating 30 million new jobs, according to the Office of the U.S. Trade Representative. Exporters benefit from even faster growth, create more jobs and pay higher wages. Yet SMEs, which account for 99 percent of U.S. businesses, represent a mere 13 percent of the total U.S. export value.
Retailers, particularly big box stores, are demanding more customized packaging of products, which increases demand for contract packaging services, says Dave Mabon, president of contract packaging at Genco. With margins that average 30 to 40 percent, this presents a huge opportunity for service providers.
Providing parts and sub-assemblies to automotive production lines is a highly complex activity, requiring rapid, automated sequencing and sophisticated error proofing. Bo Cheng, director of the automotive business at Comprehensive Logistics, explains how his company is keeping pace as automotive volumes return to pre-recession levels.
As the volume of business-to-business purchases being made online continues to grow, B2B suppliers are responding by expanding their e-commerce platforms and overall omnichannel capabilities, according to new research from Accenture and hybris software, an SAP company.
A recent survey of 37,000 global employers performed by staffing firm Manpower reported that 36 percent say they're having trouble filling available positions. Of those respondents, 35 percent cite a lack of hard skills or "technical competencies" as the reason, while 25 percent cite a lack of experience and 19 percent say a lack of soft skills makes it difficult to fill available roles.
From new regulations to the growth in large-molecule temperature-sensitive products to the frequency of disruptions, healthcare companies are operating in a risk-inherent environment that is at the same time rich with new opportunities. There are favorable demographics on the horizon as populations age, become more affluent and expand in a diverse set of geographies. Meanwhile, the supply chain must stretch to accommodate new distribution channels, product specialization and innovation.
The natural-gas-powered vehicle market has slowed as diesel fuel prices continue to drop, according to recent ACT Research's study of fuel trends in the heavy duty truck market.