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Think Tank
Pharmaceutical/Biotech: Page 63
Kobe Steel, Toyota Hit With U.S. Lawsuit Over Vehicle Metal Quality
U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles.
Either Retail Industry Evolves with Today's Consumer -- or It Dies
Coming out of the Retail Value Chain Federation Fall Conference, it was clear that retailers, merchandise suppliers and even service providers are facing a do-or-die situation. It's a simple choice – adapt to meet the needs of today's consumer or become obsolete. Period. That means optimizing drop ship and direct-to-consumer operations, practicing strategic trading partner relationship management, expanding into untapped markets, and increasing face-to-face collaboration. -Kim Zablocky, Founder and Chairman, Retail Value Chain Federation (RVCF)
Bit by Bit, Whole Foods Gets an Amazon Touch
Some signs are subtle, like the “Whole Foods + Amazon” one near the bananas. Others are more obvious, like the kiosk with Amazon devices for sale.
Four Ways Amazon Disrupting Customer Expectations
Amazon is the great disruptor, in part because innovation is built into their culture. It’s in their DNA to try new things knowing some of them will fail, and they are experimenting and learning all the time. This cycle of innovation has enabled them to disrupt retail by raising customer expectations – anticipating what customers want and responding with new products and services before anyone else. Amazon is resetting customer expectations around convenience, speed, price and selection. -Robert Dold, Retail Industry Leader, Fortna
A Canadian Perspective on Negotiating Nafta 2.0
Some might call renegotiation of the North American Free Trade Agreement a solution in search of a problem. Other might say it’s a necessary updating of the 23-year-old pact. One Canadian attorney specializing in international trade law calls it "a mess."
How Well Does My Past Predict My Future?
Over the past decade, businesses have accumulated a sea of data on their operations, customers and business practices. Businesses have attempted to consume this data to drive effective business solutions with limited success. We are at the precipice where solutions seamlessly consume traditional data and merge it with unstructured data to cohesively drive business planning and execution. -M. Scott Moon, Principal, Tompkins International
All Aboard: Low Fuel Prices and Steady Demand Keep Railroad Operators Chugging Along
During the past few years, rail cargo transportation service prices have been on a slippery decline. Despite increasing demand, tanking fuel prices have laid the track for cheaper rail transportation during the past three years. While falling prices have been a welcome relief to shippers, carrier profitability has still been increasing due to steady demand and absent competition for many routes. However, service prices rebounded in 2017 and look to keep pushing higher over the next few years as oil prices recover further. -Connor DiGregorio, Research Analyst, IBISWorld Inc.
Truckers Propose a Gasoline Tax Increase to Pay for Infrastructure Plan
The country’s biggest trucking group thinks it has a way to convince Republicans to raise the gasoline tax: Don’t call it a tax.
Go for 'Best Fit' – Not 'Best Practice' -- Metrics
Picking the right metrics for your supplier relationship should not be about simply buying into the latest benchmarking data. Rather, it should be about aligning the right metrics for the purpose. For quality metrics, pick what is the "best fit," not the "best practice." This is especially important for strategic, long-term supply chain relationships. -Kate Vitasek, faculty member, University of Tennessee Haslam College of Business Administration; author of six books on the Vested business model; and Karl Manrodt, Professor of Logistics at Georgia College. He is the co-author of seven books and numerous academic articles.
Corporate America’s New Dilemma: Raising Prices to Cover Higher Transport Costs
The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and consider raising their own prices as a way to pass along the costs.
Taking Control of Data Quality
Quality product data can be a real competitive advantage for companies that get it right. However, despite more anticipated disruption across industries in the year ahead, many supply chain professionals who realize the long-term benefits of data accuracy still struggle to gain support for comprehensive and effective data quality programs. -Angela Fernandez, Vice President, Retail Grocery and Foodservice, GS1 US
Patients Eagerly Awaited a Generic Drug. Then They Saw the Price.
When Teva Pharmaceuticals announced recently that it would begin selling a copycat version of Syprine — an expensive drug invented in the 1960s — the news seemed like a welcome development for people taking old drugs that have skyrocketed in price.
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