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Think Tank
Industries: Page 239
Retrofit Checklist: Five Things to Consider when Modernizing Fresh Food Distribution
Within distribution centers, fresh and perishable food handling is usually the most inefficient and labor-intensive part of operations. It doesn't have to be that way.
Watch: AI-Powered Data Collection Drives Discrete Manufacturing
Original equipment manufacturers need real-time information on molds that are used to make product parts but often don't have it, says Gabriel Tejada, senior project manager at eMoldino.
Element 25 Agrees to Supply GM with Manganese Sulfate
GM will loan E25 $85 million to partially fund the construction of a new battery-grade manganese sulfate processing facility located in Louisiana.
Home Depot Planning to Cut Costs by $500M
By reducing its costs, the organization believes it'll remain on track for its earnings guidance from this quarter, which will see 2023 sales decline by 2% to 5%.
Japan Retail Sales Rebound, Adding to Signs of Recovery
Spending rose by 1.3% from April 2023 to May 2023, according to a June 29 statement from the economy ministry, beating economists’ expectations of a 0.8% increase.
European Gasoline Shipments to U.S. Ease Just as Stockpiles Shrink
European gasoline and blending component cargoes to the U.S. are poised to drop to a three-month low in June, with volumes likely to be about 350,000 barrels a day.
General Mills’ Sales Took a Hit in the Most Recent Quarter
Despite the volume drop-off, the company behind Cheerios and Bisquick pancake mix increased its revenues through core business operations by 3% during the most recent quarter.
Chinese Chipmaker Asks Suppliers to Buy Back Banned Gear
“Machine suppliers should buy back the equipment and components we have purchased legally if we can’t use them,” said Yangtze Memory chairman and acting CEO Chen Nanxiang.
France’s Imerys and British Lithium Team Up on U.K. Mine
The U.K.’s Critical Minerals Association said U.K. miners “rarely receive interest or funding from private finance, and government funds don’t provide enough financing to truly aid projects.”
Master Lock Closing Milwaukee Plant After 100 Years of Operations
Employees claim that more than 400 jobs will be sent abroad to Mexico and China where the company currently houses manufacturing facilities.
U.K. Considers Nationalization of Thames Water as Crisis Escalates
Thames’ bonds tumbled on June 28, just one day after CEO Sarah Bentley suddenly stepped down from her position amid concerns over the firm's financial stability.
U.S. Merchandise-Trade Deficit Shrinks on Decline in Imports
The shortfall in goods trade narrowed by 6.1% to $91.1 billion, according to Commerce Department data released on June 28.
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