The University of Tennessee set out to research some of the world’s most successful strategic partnerships—including those at P&G, McDonald’s and Microsoft—to see how and why these relationships added value. The research identified five principles that CEOs everywhere can use to transform supplier relationships.
It’s no secret that American manufacturing has faced a number of significant obstacles. People say the industry is known for low wages, subpar working condition, and continual quality control issues, none of which help attract new workers — but are those actually the biggest challenges facing manufacturing right now?
A new report by the U.S. Conference of Mayors details the impact the energy sector has had on manufacturing in the nation’s metropolitan areas since 2010, and shows how the new availability of inexpensive natural gas has ignited manufacturing industries and chemicals. Manufacturing CEOs are at the sharp end of the spear in reviving the country’s economic fortune.
Battery technology is at the heart of the future of electric vehicles because range is still a limiting factor. Michael Bernstein of the American Chemical Society reports on recent research on the latest advances that could render not only a significant boost for electric vehicles, but other sectors that benefit from extended battery life.
Both Walmart and 3D Systems announced initiatives that will hopefully bring about new manufacturing jobs or reshore some production in the U.S. over the next ten years.
While most CEOs realize that computers have produced significant productivity, many remain frustrated with their company’s Information Technology activity due to: 1) Poor communication, 2) Persistent Unresolved Difficulties; and 3) Surprises.
Judging from initial reactions from top trade groups, manufacturers are of two minds concerning the President’s proposed budget. The National Association of Manufacturers (NAM) scorns the tax increases saying it blocks growth, but likes some of the other provisions. The Alliance for American Manufacturing (AAM), on the other hand, sees the prospect for wider tax reform and some benefits to manufacturers in proposals for infrastructure spending.
Landing the Tesla “gigafactory” will be an economic-development bonanza for one of the four states in the running. But beyond the borders of Texas, New Mexico, Arizona or Nevada, the complex also could provide a huge innovation boost for the stubborn problem of increasing battery life in electric cars and unleash spinoff advancements in other electricity-related industries.