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Industrial Manufacturing: Page 241

Companies Falling Short on Supply Chain Risk Management

According to a survey of 600 manufacturing and retail executives conducted by Deloitte, 71 percent of the executives surveyed view supply chain risk as "an important factor in their companies' strategic decision making, including 20 percent who view it as extremely important." Yet, 42 percent of the executives from large companies said their supply chain risk management programs are only somewhat or not effective.

New Shipping Lane Through North Pole Possible

Melting polar ice could create a new shipping lane through the North Pole by 2050, according to research by the University Of California at Los Angeles. In the future, melting sea ice could mean that ordinary shipping vessels will be able to navigate parts of the Arctic Ocean which were previously inaccessible, without the use of icebreakers to clear their route.

Small, Mid-sized Manufacturers Project Strong Revenues for 2013

Small and mid-sized manufacturers are optimistic about revenues as spring approaches, and plan to retain or even grow their labor forces, according to buying consortium Prime Advantage's 11th semi-annual Group Outlook Survey.

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Department of Defense Gets Stern About Supply Chain Security

Federal contractors are going to be hearing the words "supply chain" a lot over the next 18 months. Having a certifiably secure supply chain will eliminate a potential mark against your selection as a source, just as having the appropriate contract vehicles eliminates friction.

AIG Offers New Product for Transportation and Logistics Industry

American International Group (AIG) has introduced a new product under its NextGen Protection family to address requirements of transportation and logistics industry. Over Â£73 million has been awarded from Round 2 of the Advanced Manufacturing Supply Chain Initiative (AMSCI) to 12 national supply chain projects, and a further Â£140 million will be invested by business.

Few Companies Are Prepared for Effective Product Recall

Analyst Insight: Software has become extremely effective in tracking and tracing the smallest detail. In actuality, enterprise software vendors have incorporated recall management and best practices into their software. Organizations often lack the necessary policies and procedures to facilitate reverse logistics processes, but software is not one of the deficiencies. -- Keean Persaud, Managing Director, Eval-Source

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Is China the Next Rust Belt? Not So Fast.

According to a growing number of media and analyst reports, China's days as the world's largest manufacturing nation are already numbered - only two years after ending the United States' 110-year reign. This conclusion has left Chinese business leaders understandably concerned.

Superstorm Sandy and Its Implications for Humanitarian Logistics

Analyst Insight: Supply chain challenges were plentiful during Superstorm Sandy. Both physical and electronic supply chain operations were disrupted. Private sector operators responded with creative solutions, and public sector entities were better prepared than in previous disasters, but recovery will be a slow and arduous process. Approaches to ensuring resiliency in the face of such events cannot be singular in nature. Actions taken during response and recovery have far reaching implications for supply chains. - Jock Menzies, President, American Logistics aid Network

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Air Menzies International Sets Up Operations in India

Air Menzies International, a global trade-only airfreight and express wholesaler, has set up a new regional division to foster its development in India, and launched its own operation in Mumbai.

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Legacy Supply Chain Services Acquires Vitran SCO

Legacy Supply Chain Services has acquired Vitran Corporation Inc.'s Supply Chain Operation (Vitran SCO).

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How Do I know If I Have a Profitable Supply Chain?

Analyst Insight: The lack of understanding of the supply chain by the financial team is the third-highest obstacle in achieving supply chain performance. The supply chain is a complex system with increasing complexity. Many unknowing financial leaders try to manage it through Excel spreadsheets which is inadequate to truly understand the trade-offs. - Lora Cecere, Founder of Supply Chain Insights

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Industrial Machinery Will Be Export-Import Growth Engine for Next 10 Years or So

Industrial machinery is expected to be the top driver of U.S. export and import trade now and in the next decade, according to the latest HSBC Commercial Banking Trade Forecast.

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