America’s manufacturing sector will likely require an estimated 3.4 million workers over the next decade with over 2 million of these jobs expected to remain unfilled due to a shortage of people with the skills necessary to operate in a 21st-century manufacturing environment.
While RFID technology has been in place for upwards of two decades, it has come a long way in the last year. Originally an inventory management tool that also helped reduce merchandise theft, it is currently helping retailers improve customer satisfaction and improve merchandise management and planning.
Running a company requires focus, but CEOs are constantly interrupted. Maximizing one’s productivity is essential for CEOs if they are to live up to the leadership challenge. Here are 6 productivity-boosting ideas specifically for CEOs.
For the fourth consecutive year, reshoring of manufacturing operations to the United States in 2015 failed to keep up with continued offshoring of factory output. In fact, an index compiled by A.T. Kearney showed the largest year-over-year decrease in reshoring-vs.-offshoring in the last 10 years.
The technology that manages our supply chains, delivers our packages and powers logistics analytics is changing at a stunning rate. From drones to wearables, transportation management systems (TMS) to dashboards, it can be challenging for companies to stay on top of what is available and find meaningful ways to incorporate it into their shipping process.
Minimizing the costs of doing business can be tricky and time-consuming, so an increasing number of companies are looking to group purchasing organizations (GPOs) to help them save money.
General Electric and Boeing are reacting the most loudly to the continuing lack of Congressional authorization of the Export-Import Bank, with both companies cutting or threatening to eliminate U.S. jobs and moving them overseas because of the demise of the federally funded business- financing agency. But some mid-market and small companies also have begun to react as conservative members excoriated the Ex-Im Bank as an agent of “crony capitalism” for big companies that don’t need the help.
For 30 years, companies have sought to outsource and offshore IT as a way to reduce costs and/or quickly improve performance. Mega-deals were done in the ’90s and then, after that market was saturated, lesser deals ensued.
While output for small automobiles moves south of the border, dozens of U.S. parts manufacturers are still counting their blessings. Their business is plentiful as they supply goods for the new plants automakers are building in Mexico.