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Sales & Operations Planning: Page 11
UAW Workers at Ford’s Chicago Plant Vote to Ratify Proposed Contract
UAW 551, the local union that held a vote on the contract, said that 57% of the ballots cast by its members were in favor of the deal.
IBM Uses AI and Visibility Tools to Boost Efficiency
IBM, a pioneer in the development of artificial intelligence, deploys the ground-breaking technology to make real-time predictions about the status and shipment of sales orders.
Dominion Sees Cheaper Wind Power at Massive Offshore Project
The company anticipates producing electricity at the Coastal Virginia wind farm for $77 a megawatt hour, down from earlier forecasts of between $80 and $90.
Chinese EV Company Planning to Eliminate 10% of Its Workforce
Nio said that it would also defer or entirely cut long-term project investments that would not contribute to the company’s financial performance within the next three years.
Cosco Sees Net Earnings Fall by 95% During Q3
Cosco still handled 60.06 million TEUs during the quarter, which was in line with the company’s performance during the same period in 2022.
Americans Will Spend Over $12B on Candy for Halloween
The rise in Halloween candy spending could be partly attributed to candy and gum prices growing by 7.5% year-over-year during September 2023.
China’s EU Ambassador Says Bloc’s Probe into EV Subsidies Is ‘Unjustifiable’
Fu Cong’s comments mark one of the strongest rebuttals yet by Beijing against the EU’s proactive approach to protecting its emerging green energy sector.
UPS Lowers 2023 Revenue Forecast Due to Weak Delivery Demand
UPS cut its annual adjusted operating margin to between 10.8% and 11.3%, down from the previous forecast of 11.8%.
Gemcorp Sets Up $1B Fund to Tap Saudi Arabia Projects
The fund will target investments in projects that are aligned with Vision 2030, Crown Prince Mohammed Bin Salman’s plan to transform the Saudi economy away from reliance on oil.
Boeing Posts $1.6B Loss on Fewer Deliveries, Higher Air Force One Jet Costs
The company was forced to lower its forecast of 737 Max production from between 400 and 450 planes to 375 to 400 aircraft.
Watch: Tapping the Power of Integrated Business Planning
Andrea Montecchi and Ben Sellers, business advisors with Oliver Wight, explain the basics of integrated business planning (IBP), and why it’s such an important process for companies today.
UAW Strike Forcing Some Suppliers, Automakers to Make Layoffs
Roughly 40% of suppliers said they have had to lay off some employees since the work stoppages started in September.
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