Mergers and acquisition in the 3PL industry are on the upswing, with deals in the first two quarters of this year outpacing all of last year, says Ronald Lentz of G2 Capital Advisors. Lentz looks at factors driving this trend and other issues impacting the industry's financial health.
With so many channels to juggle, merchandisers today are finding it difficult to manage multiple pockets of inventory, and satisfy customers regardless of how they order product. Burton White, vice president of industry supply chains with Chainalytics, shares some tips on how this goal can be met.
Hope and expectation surround the chemical industry's increasing adoption of biotechnological manufacturing - but today, their lengthy development times and complex processes mean frustration is a major byproduct.
When two technology researchers said they had wirelessly hacked a Jeep Cherokee through its internet-connected system, taking control of the engine, brakes and even steering under certain conditions, automakers scrambled to reassure customers that security was a top priority.
A recent favorable opinion by U.S. Supreme Court Justice Anthony Kennedy plus increased action in Congress have made it more likely than it has been in 50 years that out-of-state retailers will be forced to collect sales taxes in states where they don't have a physical presence. Half a century ago, of course, the volume generated by such sellers, who did their business via catalogs and snail mail, was tiny compared to the sales spawned by the rise of the internet.
To build advantage, organizations must do more than just change. They must transform. As technology's role in business becomes ever more important, transformations will increasingly be underpinned by significant technology programs. In such technology-enabled transformations, IT leaders need two different strategies to ensure success.
Today's businesses need to go beyond visibility to full transparency, says Nancy Marino, partner at Columbus Consulting, whose clients are mostly retailers. This means using technology to focus the performance of independent silos on corporate KPIs, thus improving performance, she says.
Mercedes-Benz is investing hundreds of millions in a global reorganization of its supply chain network that will set the course for growth and efficiency with the goal of reducing supply chain costs by 20 percent per vehicle.
Staples Advantage, the business-to-business division of office supplies retail and wholesale giant Staples Inc., has relaunched StaplesAdvantage.com to make it more accessible and useful to large and mid-sized businesses.