Our #3 choice is a very well-known one: Starbucks. Starbucks recently won the AME’s Manufacturing Excellence Award, and is using unique and innovative managerial techniques in order to streamline production and boost efficiency. Starbucks’ Carson Valley production branch went Lean in 2009, and has tweaked its procedures in company areas like shelving, interaction with partners, company safety and plant improvement.
U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1 percent the previous month.
With 90 percent of the world’s data created in the last two years, what can we expect our data vaults to hold two or even twenty years from now? Companies who are hiring data scientists with the hopes of harnessing big data and data analytics' mythical promises are potentially making a huge mistake.
A key lean trend is consolidating suppliers and doing away with redundancies. Although this certainly creates cost efficiencies, the main suppliers who are left quite often end up providing needed parts to many companies in the same industry. And if these companies are all depending on the same supplier, or only a few suppliers, unforeseen production problems or sudden shifts in demand can easily send ripples throughout multiple systems.
Our #9 pick is DGI Supply, which uses consolidation as a long-term business strategy that integrates the needs of the organization with a technique to troubleshoot the challenges of an aging workforce in a still-thriving industry.
Inchcape Shipping Services (ISS) is advising that due to the extreme cold weather which has settled over the eastern North American continent, there have been heavy delays in shipping operations since 4th January 2014.
Kraft Foods says some customers may not be able to find Velveeta products over the next few weeks but didn't give any reasons for the apparent shortage. A spokeswoman for the company, Jody Moore, says only that such shortages happen from time to time.
Coming in at #11 is Lantech, based out of Louisville, Kentucky. We selected them because of their impressive growth and domination of a niche market: with over 65,000 machines sold around the world, the company is the world's largest manufacturer of stretch wrapping equipment.
A splash of beet juice, a dollop of molasses, a squeeze of cheese brine. In the coldest weather, the recipe for safer roads often goes beyond the usual sprinkling of salt. Plain salt is largely ineffective below 16 degrees. Additives can keep it working in temperatures as low as minus 25.
The trade gap dropped 12.9 percent in November to $34.3 billion, the Commerce Department said Tuesday. That's the smallest monthly trade deficit since October 2009. Exports rose 0.9 percent to a record $194.9 billion, aided by a 5.6 percent rise in petroleum exports.
I’d like to offer some food for thought when it comes to evaluating and improving logistics in your enterprise: Whatever else you do in 2014, make it a priority to dump the tribal knowledge you might be using to make mission-critical decisions. Instead, substitute the facts. While this may seem contrarian, it is actually essential.
It's the first major U.S. technology company to make such a claim about its products. It's the fruit of four years of work by the company to determine the sources of four crucial metals widely used in electronics manufacturing: tantalum, tungsten, tin and gold.
Wal-Mart had recalled the donkey meat — which it said was considered a popular delicacy in parts of China — after DNA testing by a government agency. The company said Thursday that it withdrew all products from the supplier, Dezhou Fujude Food Company, and that affected customers were offered compensation.
Economic activity in the manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
An industry group, the China Federation of Logistics & Purchasing, said Wednesday its purchasing managers index for December declined to 51 from the previous month's 51.4. The measure is a 100-point scale on which numbers above 50 indicate increasing activity. "There still is downward pressure on economic growth," said economist Zhang Lijun in a statement that accompanied the report.
The private gathering occurred in October during an aerospace conference in Seattle, Inslee spokesman David Postman said on Monday after The Associated Press identified the meeting in records obtained under public records law. Postman said the governor talked with Barry Eccleston, the president and CEO of Airbus Americas, for about 20 minutes.
AkzoNobel has released this rather fascinating video about how it has worked with Newcastle University to improve the sustainability and fuel economy of the world’s largest ships. Professor Mehmet Atlar, Professor of Ship Hydrodynamics at Newcastle University, says that he “hates the slime” that builds up on the hulls of these cargo shifts, because it increases the frictional drag as they move from one port to the next.
Over the past decade, I’ve watched as globalization, competition and digitalization have forever changed the business landscape. Throw in the fact that current, and potential, customers now have higher expectations, and more buying power, than ever before and you have very little room left for error when it comes to supply chain planning, process management and execution.
The Food and Drug Administration will delay sweeping food safety rules proposed earlier this year and revise them to better accommodate farmers and businesses who would be affected. The FDA says it wants to make sure the rules are practical for farmers who have to abide by them.
The Hayes Cos. will invest $3 million to expand its metal fabrication plant. Hayes will hire another 75 workers in Pineville, La., paying them $45,000 a year, on average. The company says it's selling more to large clients, including Union Tank Car Co., General Electric Co. and OneSubsea.
Mercedes-Benz is opening a new section at its plant in Tuscaloosa County. The German automaker is cutting the ribbon on a $70 million logistics center at its automotive factory in Vance on Wednesday afternoon. Gov. Robert Bentley is among the officials planning to attend the event.
The manufacturing sector is optimistic about growth in 2014, with revenues expected to increase in 16 manufacturing industries, and the non-manufacturing sector predicts that 14 of its industries will see higher revenues. Capital expenditures, a major driver in the U.S. economy, are expected to increase by 8 percent in the manufacturing sector.
On April 24, the Rana Plaza, an eight-story commercial building in Savar collapsed, leaving hundreds dead and many more trapped within the rubble. Survivors said the building had cracked severely the day before, and that police had ordered an evacuation, but there was no action on the factory’s management.
Spanning nine European countries, Hitachi Consulting’s survey aimed to identify the extent to which supply chain management activities and priorities are aligned with a strategic transformation agenda. The survey found that a little over half of the respondents (55 percent) do not regard their business’s supply chain as a fundamental source of business value.
Import volume at the nation’s major retail container ports is expected to grow 1.8 percent in December over the same month last year, and the year should end with an increase of 2.3 percent over 2012, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.