For many companies, cost-cutting efforts quickly translate into a competitive “race to the bottom” in which retailers, manufacturers and consumers alike all lose out on greater growth and access to exciting innovations. It’s a dangerous cycle, but it doesn’t have to happen.
Nike is entering into a partnership in a deal that could move manufacturing facilities closer to their markets to meet the rising demand for apparel.
Recent findings by university researchers may reveal a more efficient way to manufacture glass. This could be a significant discovery for an energy-intensive industry where heating constitutes a large portion of production costs.
As American productivity has reached a plateau, mid-market companies may have a unique opportunity to use their medium size and innovative cultures to lead the way in productivity gains.
Based on recent OSHA data, severe workplace injuries happen every day, but a new OSHA study projects that more than 50% of severe work-related injuries in 2015 went unreported. In an effort to increase reporting and thereby reduce accidents, OSHA has issued new guidelines and a 400% increase in the maximum fine for failing to report work-related severe injuries.
Don Rongione, CEO of Bollman Hat Co. in Adamstown, Pennsylvania, had a unique ally in his effort to shift hat production from China to Pennsylvania—famed actor Samuel L. Jackson, who, along with other Hollywood stars, was a fan of the company’s Kangol 504 woolen knit cap.
With supply chain risk changing daily, business leaders should keep on top of where their presence—and their risk—is the strongest, and determine where changes should be made.
East Hampton, New York, located on the southern tip of Long Island, is a two- to three-hour drive to the New York-area airports. That didn’t deter Andrew Sabin, chairman of Sabin Metal Corporation, the largest privately owned precious-metal refiner and recycler in the U.S., from establishing the head office of his 70-year old company in this small village. “I came out here as a quality of life decision,” says Sabin.
Longer lines, overbooked flights and rampant delays are increasingly making private aviation an economical alternative to commercial air travel.
Supply chain management has emerged as a crucial component of operations management.