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.
Automation solutions are increasingly incorporating capabilities to handle the Internet of Things, but manufacturers will likely need to shop separately for many best-of-breed IoT components.
As CEO of International Paper, CEO John Faraci helped the $25 billion company (with an EBITDA of $3.3 billion) have its best fourth quarter in a decade. What's the first thing he monitors each morning? Safety -- it's "a good indicator of product quality, morale, housekeeping and costs."