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Think Tank
Sales & Operations Planning: Page 10
Americans Will Spend Over $12B on Candy for Halloween
The rise in Halloween candy spending could be partly attributed to candy and gum prices growing by 7.5% year-over-year during September 2023.
China’s EU Ambassador Says Bloc’s Probe into EV Subsidies Is ‘Unjustifiable’
Fu Cong’s comments mark one of the strongest rebuttals yet by Beijing against the EU’s proactive approach to protecting its emerging green energy sector.
UPS Lowers 2023 Revenue Forecast Due to Weak Delivery Demand
UPS cut its annual adjusted operating margin to between 10.8% and 11.3%, down from the previous forecast of 11.8%.
Gemcorp Sets Up $1B Fund to Tap Saudi Arabia Projects
The fund will target investments in projects that are aligned with Vision 2030, Crown Prince Mohammed Bin Salman’s plan to transform the Saudi economy away from reliance on oil.
Boeing Posts $1.6B Loss on Fewer Deliveries, Higher Air Force One Jet Costs
The company was forced to lower its forecast of 737 Max production from between 400 and 450 planes to 375 to 400 aircraft.
Watch: Tapping the Power of Integrated Business Planning
Andrea Montecchi and Ben Sellers, business advisors with Oliver Wight, explain the basics of integrated business planning (IBP), and why it’s such an important process for companies today.
UAW Strike Forcing Some Suppliers, Automakers to Make Layoffs
Roughly 40% of suppliers said they have had to lay off some employees since the work stoppages started in September.
Best Buy Offering Early Black Friday Deals, Closing Stores on Thanksgiving
The Black Friday Early Access sale for members who are part of the My Best Buy Plus and My Best Buy Total loyalty programs will begin October 27, 2023.
Volta Trucks Files for Bankruptcy Following Supply Chain Breakdowns
The decision to file for bankruptcy comes just two months after the organization’s battery supplier, Proterra Inc., also filed for bankruptcy.
Bankrupt Rite Aid Settles with Drug Supplier McKesson to Avoid Shortages
Lawyers for the two companies said that they’ve agreed in principle to a settlement that will end a lawsuit Rite Aid filed against McKesson over their supply agreement.
Primark Planning Expansion in the Southern U.S.
By the end of 2023, Primark will have opened eight stores in the U.S. with a plan to open 60 stores in the United States by 2026.
Black Friday, Boxing Day Expected to Be North America’s Busiest Shopping Days
Boxing Day is expected to overtake Black Friday as the busiest shopping day of 2023 in Canada while the holiday fell to sixth place on the U.S.'s list.
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