Reversing years of steadily increasing prices, the cost of beef is expected to decrease between 10 percent and 17 percent across all primal cuts in 2016 in what amounts to "the biggest story of the year" for chain restaurant operators, said DeWayne Dove, vice president of risk management for supply chain management firm SpenDifference.
Beijing is crawling with motorcycle-mounted deliverymen, one sign of the rapid growth of China's service industries. Services grew 8.3 percent last year and for the first time generated more than half of gross domestic product, or 50.5 percent. Manufacturing rose only 6 percent. "If it hadn't been for the service sector, China's economy would be in a much worse state today," says Louis Kuijs, head of Asia economics at Oxford Economics in Hong Kong. He notes that all kinds of services have expanded quickly in recent years.
The modern, technology-based supply chain has evolved from a back-end, transactional function to a means to not only strip waste and costs out of healthcare, but increasingly to help create better clinical outcomes. GHX, an electronic healthcare industry trading exchange, has identified five ways in which its customers are leveraging their supply chains to markedly improve patient care.
The Equipment Leasing & Finance Foundation on Monday lowered its forecast for corporate investment in equipment and software. The foundation now expects investment to grow 5 percent in 2015, according to the second quarter update to the 2015 Equipment Leasing & Finance U.S. Economic Outlook. In December, the foundation had forecast 6 percent growth for the year.
Hilton Worldwide has announced it will begin to eliminate the use of cages for egg-laying chickens and gestation crates for breeding pigs in its global food supply chain. The announcement was made in conjunction with the Humane Society of the United States (HSUS), the nation's largest animal protection organization.
The majority of America's chain restaurants held the line on price hikes the first part of the year but plan to start raising them, according to a new survey from SpenDifference, a restaurant supply chain co-op.