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Industries: Page 1249
Supply Disruptions Sometimes Affect Share Value for Long Periods
Supply-chain disruptions cut about 7 percent of a firm's shareholder value, according to research by Accenture cited in a recent World Economic Forum (WEF) report on supply-chain resiliency.
Canadian Shipping Company Supports 'Green Marine' Environmental Protection Program
An industry united on environmental issues will have greater impact than individual companies defining their own goals, says Daniel Côté, environmental advisor for Canadian shipping company Transport Desgagnés. It's not just big talk for Côté.
Alibaba to Create Its Own Logistics Network
Alibaba Group Holding Ltd., China's largest e-commerce company, plans to join with partners to build a logistics network across China that can support 10tr Yuan ($1.6tr) worth of transactions a year within the next decade.
Aerospace Supply Chain Companies in India on the Rise
Slowly and steadily, a handful of Indian aerospace companies are getting absorbed into the global supply chain of OEMs. For instance, in the opto-electronics segment, the new Samtel-Thales Avionics joint venture "plans to become the first electro-optic house in the country," said executive director Puneet Kaura. By 2015, the company intends to supply the infrared search and track system as standard equipment for the Dassault Rafale fighter for the Indian Air Force. Meanwhile, the Thales-Bharat Electronics surface radar joint venture is on track and will be fully operational by March, said Eric Lenseigne, Thales's country head for India. "Offsets at a later stage could be a possibility."
Freight Railroads Plan to Invest $24.5Bn, Fill About 11,000 Positions in 2013
The nation's major freight railroads plan to invest an estimated $24.5bn in 2013 to build, maintain and upgrade America's rail network to ensure freight railroads can continue to deliver for the nation's economy, according to the Association of American Rialroads. This investment includes $13bn in projected capital expenditures, which go toward upgrading or enhancing rail network capacity in the year ahead.
CFOs Optimistic for Corporate and Economic Growth in 2013, Survey Finds
Middle-market and corporate CFOs are optimistic for macroeconomic and business growth at a level unseen since the height of the Great Recession, according to a survey by TD Bank. Forty-six percent of finance managers polled said they are more optimistic about U.S. economic growth over the next year compared to 2012. Further, 57 percent of respondents are more optimistic for their own companies' performance over the next year.
Price Isn't Everything, But Supplier Auctions Still Make Sense
I've spent the last couple of posts urging procurement executives not to focus solely on price when they're choosing suppliers. Service, product quality, financial health, social responsibility and exposure to natural disasters and other potential disruptions are all elements that need to be factored into the mix. So you'd think this enlightened attitude would pretty much rule out the use of auctions for selecting vendors, right?
Highly Attractive Asia Pacific Logistics Market Is Transforming Quickly, Report Finds
Asia Pacific's logistics industry continues to develop at a fast rate despite the economic weakness of its two largest trade partners - the EU and the U.S.
Retailers' RFID Programs Have Major Implications for Relationships with Suppliers
Some of the biggest names in retail"”such as Walmart, Macy's, Marks & Spencer, Dillard's, JCP and others"”have implemented large-scale item-level RFID initiatives, in full production rollout. These have big implications for suppliers.
KFC Sales in China Bounce Back Following Squawk Over Food Safety
An uproar in China over the safety of chicken sold at KFC "has been longer lasting and more impactful than we ever imagined," according to the chief executive of parent company Yum Brands.
Importer of Record Responsible Under New USDA Meat Import Guidelines
On February 1, 2013, the United States Department of Agriculture, Food Safety Inspection Service (FSIS), announced new guidelines governing the importation of meat and meat products. According to the bulletin, "the guide articulates which products and FSIS sampling and testing programs are subject to this policy." The program known as "test and hold" has a major impact upon product being exported to the United States and upon the importers of record for these transactions.
How Will China's Coming Labor Shortage Affect Supply Chains?
Not too long ago, the mere mention of the "China price" could send shivers down the spines of executives in developing countries trying to compete for outsourcing contracts. A pending labor shortage could make such pricing an historical relic.
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