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Food & Beverage: Page 133
Come for the Food, Stay to Buy Clothes? To Attract Shoppers, More Retailers Add Restaurants to Their Stores
Retailer Mark Werts was dining in a Hong Kong restaurant a few years ago when he noticed most people were doing more than chewing.
Will Advanced Analytics Leveraging Digital Technology Be An Extinction Event?
With the emergence of new digital technologies such as Mobility, Big Data, Internet of Things, Cloud, Business Intelligence/AI, Machine Learning, etc., new and more abundant sources of data are available to improve supply chain planning and execution. Advancing in analytic maturity is the most significant competitive lever in the history of business. Why? Time. Advancing in analytics maturity takes time that many companies aren’t able to make up in a market race. -Rich Sherman, Senior Fellow, Supply Chain Centre of Excellence, Tata Consultancy Services
Innovations in Last-Mile Delivery
Opinion: Smaller Manufacturers Can’t Afford to Dismiss the IIoT
Almost four of every five manufacturers and distributors still have no plans to implement IIoT technologies. They’re making a mistake.
Innovative Products Redefine Transportation, But They Require New Processes and Efficiencies
The automotive industry is on the brink of change with technology driving the shift, shaped by consumer demand, government regulations and environmental pressures. The rise of autonomous cars, electric vehicles and connected automobiles has forced suppliers to produce more high-tech, expensive parts. Businesses that supply these parts, along with the automakers themselves will need to find ways to keep costs down by improving their manufacturing and distribution operations. -Brian C. Neuwirth, VP of Sales and Marketing, UNEX Manufacturing
Survival Strategies for Brands and Traditional Retailers
This just in: People are still shopping in physical stores.
Human Rights Abuse Persists in Thai Fishing Industry
Forced labor and other rights abuses are widespread in Thailand’s fishing fleets despite government commitments to comprehensive reforms, which in some cases have made the situation worse, Human Rights Watch said in a report released last week.
Soaring Agave Prices Give Mexican Tequila Makers a Headache
In the heartland of the tequila industry, in Mexico’s western state of Jalisco, a worsening shortage of agave caused by mounting demand for the liquor from New York to Tokyo has many producers worried.
For Bezos, Buffett and Dimon, a Health Push Years in the Making
It’s a stronghold of insider Washington, a place where billionaires and former presidents mingle in black-tie splendor.
Nobody Thinks About Cargo Insurance — Until $1M Goes Up in Smoke
Challenge: The operations vice president of an oil and pipeline construction company recently admitted there was a time when he wondered if his company’s cargo insurance policy was worth it. The company sources goods from around the world, moves cargo by multiple modes and runs a supply chain through some of the world’s most high-risk countries. Thanks to meticulous packing and some good luck, they'd had very few supply chain incidents over 11 years. Until that summer, a few years back. That June, a truckload of welding equipment heading to Moscow caught fire. The $809,000 shipment was a total loss. One month later, a cargo ship carrying two of the company's containers, worth $150,000, caught fire. Those containers were also total losses.
Traditional Retailers Struggling? It’s Not All Amazon’s Fault.
If you want an explanation of why brick-and-mortar retailers are struggling today, industry observers say, look no further than Amazon. But there’s more to the picture than that.
The Growth of Exclusive Brand Labels
Increasingly, the old, functional ways of operating across the supply chain are working less effectively. New ways of working have emerged, which put collaboration at the heart of establishing a powerful rapport with the consumer. Successful retailers understand this. The new creed is to work more effectively and efficiently, both internally and externally, to derive more value from the supply chain and, crucially, to get closer to the customer. -Nancy Marino, Senior Vice President, Tompkins International, and Chief Development Officer, MonarchFx
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