When a musical instrument is sold, both the buyer and the seller face unknowns. The buyer must trust that the instrument is authentic, but the seller may also have to rely on faith that when a malfunctioning instrument is returned to the store, it has been properly serviced up to that point, and thus meets the requirements of any warranty. RFID is playing an important role in that.
Surprisingly strong exports reported by China on Friday bolstered the view that the global economy is improving, just as Chinese leaders were set to hold an important policy meeting to flesh out their economic agenda for the coming years.
Tomini Shipping has revealed plans for further expansion following an order for nine new bulkers. Chairman Imtiaz Shaikh has said that the Dubai-based company has set itself a target of at least 20 new vessels over the next few years.
Plastic bags that can stop bread and cheese from going moldy after just a few days have been developed by scientists. The technology, which uses chemicals that prevent bacteria and fungi from growing, allows food to last for longer.
Supply chain optimization is at the heart of a four-year plan by Kellogg's to save up to $475m a year by 2018. The company estimates that by the end of 2017, Project K will reduce the company's global workforce by about seven percent.
The number of companies falling victim to fraud has increased in the past year, according to the 2013 Kroll Global Fraud Report. Overall, 70 percent of companies were affected by fraud in the past 12 months, up from 61 percent the previous year, and there was an increase in every category of fraud covered by the study.
Presenting an ongoing series of in-depth conversations with top executives, academics, consultants and service providers on the critical issues that are affecting global supply chains today.